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Artprice: the digital revolution of the Art Market is now!

The acquisition of Sotheby’s by the telecommunications and networks tycoon, Patrick Drahi, may be seen as the Art Market’s final acceptance of the digital era.

To view the Multimedia News Release, please click: https://www.multivu.com/players/uk/8571451-artprice-digital-revolution-art-market/

Artprice Price indexes of Art Market

Artprice Price indexes of Art Market

[https://imgpublic.artprice.com/img/wp/sites/11/2019/07/artprice-price-indexes.jpeg]

To view the video “Decision Support Tools, Tutorial”, please click: https://www.multivu.com/players/uk/8571451-artprice-digital-revolution-art-market/embed_videos.html?video=21fcf0d3-7d4f-45e1-adb4-6832760f06ce

thierry Ehrmann, Artprice’s Founder and CEO, explains:In 1998, François Pinault’s acquisition of Christie’s brought our industry into the ‘financial’ era. Twenty years later, its principal rival Sotheby’s is leading the ‘digital’ revolution. Fortunately, much of the groundwork has already been done: Artprice has long been a pioneering force in this colossal metamorphosis. Ten years ago, the famous art historian Raymonde Moulin said: “whether you like it or not, Artprice has irreversibly changed the structure of the Art Market that I have been studying for more than 50 years”.

There can be no doubt that the 61% premium offered to Sotheby’s shareholders reflects the immense economic potential of the Art Market, in which Sotheby’s is a key player. Patrick Drahi is not the only one to see this potential since, according to the New York Post, at least two other acquisition offers have already been made: one from Wall Street (initiated by Blackstone collector and CEO Stephen Schwarzman) and the other from Sotheby’s biggest shareholder, the Chinese company Taikang Asset Management.

The financialization of the Art Market has allowed the major transformation that we all know… with the arrival of new players, new strategies and new instruments. Sale guarantees, for example, have made it easier to secure the auction of masterpieces by reassuring sellers. These guaranteed minimum prices work a little like financial market derivatives: without taking the likeness too far, the guarantees may be compared with call options.

The next long-awaited step in the Art Market’s evolution is its dematerialization. In 2017, Sotheby’s eliminated buyer fees from its online sales … but five months later, it reintroduced them. Its financial performance was not strong enough to resist the pressure from shareholders who demanded better operating margins. The day after Sotheby’s announced its forthcoming delisting from the NYSE, the French version of The Art Newspaper ran the headline “Sotheby‘s regains its freedom… and its secrecy.”

In a context of negative or near-zero interest rates, the Art Market is more attractive than ever, with an average annual return +7% (Artprice100©).

Over the last two decades, the Art Market has gained enormously in efficiency. Admittedly, transaction costs are still high and numerous obstacles still hinder the free movement of artworks around the world; nevertheless, it has never been so fluid, or so global.

From the new record of $4 million recorded in Beijing for German artist Anselm Kiefer, to New York’s latest passion for Aboriginal art (with exhibitions at the Gagosian Gallery and MoMA PS1), the Art Market has liberated itself from geo-political borders.

Buyer preferences are obviously still subject to profound geographical influences, but the Art Market has no trouble taking them account. In 2015, Sotheby’s pulled the plug on its Middle East sales, preferring to hold an annual session dedicated to Middle-Eastern art in London. The operator knows that collectors from the Arabian Peninsula are perfectly happy to travel the 3250 miles that separates Doha from the British capital.

The Art Market is now ready for dematerialization… although compared to other economic segments it has a handicap of almost 30 years…

Nowadays, art amateurs, collectors, professionals and museums have access to lots of tools to help them manage their collections and their sales methods on the one hand, and to provide a global vision of the Art Market, at any time, on the other. Since 1987, Artprice has been a pioneer in this field and has developed – via the acquisition of the Swiss firm Xylogic (among others) – a complete set of decision-making tools that offer the best Art Market indicators available and reveal the latest trends in real-time. Crucially, they also allow the anticipation of price changes. Henceforth, the Art Market is now being analyzed and driven by Big Data, Data Mining, IE, AI and Blockchain. Artprice spends 80% of its expenses each year on R&D and has been awarded the Innovating Enterprise label by the French State’s innovation-supporting investment bank.

thierry Ehrmann again: “Our price indices – calculated using the infallible repeat sales method, epitomise the power of our data banks, providing a comprehensive, transparent and, above all, entirely objective coverage of public art sales art around the world”.

The arrival of Patrick Drahi at the helm of Sotheby’s undoubtedly marks the definitive transition of the Art Market to the digital era. Two statistics in particular illustrate the extraordinary growth of the Art Market: since the end of WWII the number of art consumers and collectors has grown from roughly half a million to approximately 90 million today. Likewise with the Museum Industry: more museums were built between 2000 and late 2014 than during the previous two centuries. This rhythm is continuing today with nearly 700 new museums a year – now on five continents – for the pleasure and cultural indulgence of art lovers all over the world.

Copyright ©2019 thierry Ehrmann – www.artprice.com – www.artmarket.com

About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2019/03/2019-bio-whoswho-thierry-ehrmann.pdf).

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications.

For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2018 published last March 2019: https://www.artprice.com/artprice-reports/the-art-market-in-2018

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

About the Artron Group:

Partners since 2009, in 2018, Artron and Artprice signed a historic agreement to create a “New Silk Road for Art”. This initiative is perfectly coherent with China’s « One Belt, One Road » (OBOR) or « Belt and Road Initiative » (BRI) launched in 2013 and known in Europe as the “New Silk Road”.

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993 by Wan jie, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials.

Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website.”

Artron’s Web: www.Artron.net

Artprice’s Contemporary Art Market Annual Report for 2018 – free access at:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2018

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom 4,4 million subscribers

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos: https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos

https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 3.9 million subscribers

Contact: ir@artprice.com

Catégories :2019, Art Market, Artprice, thierry ehrmann Étiquettes :

Artprice : La révolution numérique du Marché de l’Art, c’est maintenant

L’acquisition de Sotheby’s par le tycoon des télécommunications et networks, Patrick Drahi, sonne enfin l’entrée du Marché de l’Art dans l’ère du numérique.

Pour visualiser le communiqué multimédia, rendez-vous sur : https://www.multivu.com/players/fr/8571451-artprice-digital-revolution-art-market/

Artprice Price indexes of Art Market

Artprice Price indexes of Art Market

 

[https://imgpublic.artprice.com/img/wp/sites/11/2019/07/artprice-price-indexes.jpeg]

Pour visualiser la vidéo : « Outils d’aide à la décision – tutoriel », rendez-vous sur :
https://www.multivu.com/players/fr/8571451-artprice-digital-revolution-art-market/embed_videos.html?video=00e900e1-6f59-4923-b680-d4c362c2d62c

thierry Ehrmann, Fondateur et Président d’Artprice, explique « En 1998, le rachat de Christie’s par François Pinault a fait entrer notre industrie dans l’ère de la finance. Vingt ans plus tard, c’est au tour de sa rivale Sotheby’s de mener la révolution numérique. Heureusement pour elle, le chantier est presque tout à fait terminé : Artprice a longuement œuvré en tant que pionnier à cette formidable métamorphose. Il y a dix ans déjà, la célèbre historienne d’art Raymonde Moulin affirmait : « que vous le vouliez ou non, Artprice a de manière irrémédiable modifié la structure du Marché de l’Art que j’étudie depuis plus de 50 ans ».

La prime d’achat de 61 % offerte aux actionnaires de Sotheby’s révèle bien une chose : l’immense potentiel économique du Marché de l’Art, dont Sotheby’s est un acteur incontournable. Un potentiel économique que Patrick Drahi n’est pas le seul à voir, puisque deux autres offres d’achat au moins auraient été déjà faites, révèle le New York Post. L’une en provenance de Wall Street (à l’initiative du collectionneur et PDG de Blackstone, Stephen Schwarzman), l’autre par le principal actionnaire de Sotheby’s, le chinois Taikang Asset Management.

La financiarisation du Marché de l’Art a permis la grande transformation que l’on connaît tous, avec l’arrivée de nouveaux acteurs, de nouvelles stratégies et de nouveaux instruments. Les garanties de ventes par exemple permettent de sécuriser l’adjudication de chefs-d’œuvre, et donc de rassurer les vendeurs. Ces prix minimums garantis ne sont pas sans rappeler à des produits dérivés sur les marchés financiers : les garanties pourraient donc – avec beaucoup de précautions – être comparées à des options d’achat.

L’étape suivante, tant attendue, est la dématérialisation du Marché de l’Art. En 2017, Sotheby’s a voulu faire décoller les ventes en ligne et a supprimé les frais acheteurs. Mais cinq mois plus tard, elle a fait machine arrière… Ses performances financières n’étaient pas assez solides pour faire face aux pressions des actionnaires qui réclamaient de meilleures marges opérationnelles. « Sotheby’s retrouve sa liberté… et le secret » a titré The Art Newspaper au lendemain de l’annonce de la sortie de la puissante maison de ventes du NYSE.

A l’heure des taux négatifs ou voisins de zéro, le Marché de l’Art est plus attractif que jamais avec +7 % de rendement annuel moyen (Artprice100©).

Le Marché de l’Art a immensément gagné en efficience au cours des deux dernières décennies. Les frais de transaction restent élevés certes, et de nombreux obstacles freinent encore les mouvements des œuvres à la surface de la terre, mais le Marché de l’Art n’a jamais été aussi liquide et jamais aussi global.

Du nouveau record à 4 m$ enregistré à Pékin pour l’artiste allemand Anselm Kiefer, au nouvel attrait du marché américain pour l’art aborigène (avec des expositions à la galerie Gagosian et au MoMA PS1), le Marché de l’Art s’affranchit des frontières géo-politiques.

Les préférences des acheteurs restent évidemment sujettes à de profondes influences géographiques, mais le Marché de l’Art s’en accommode parfaitement. Pour preuve, la maison de ventes Sotheby’s s’est retirée du Moyen-Orient en 2015, préférant organiser une session annuelle entièrement dédiée à l’art de cette région à Londres. Elle sait en effet que les collectionneurs de la péninsule arabique effectuent sans peine les quelques 4 000 km qui séparent Doha de la capitale anglaise.

Le Marché de l’Art est prêt à être dématérialisé, avec un handicap de près de 30 ans de retard, véritable anomalie en macro-économie.

Nombreux sont les outils mis à disposition des amateurs, collectionneurs, professionnels et institutionnels pour administrer leurs collections et leurs manières de vendre, et disposer d’une vision globale du Marché de l’Art à tout instant. Artprice, pionnier dans ce domaine, a développé depuis 1987 – en rachetant entre autres Xylogic Suisse – un ensemble complet d’outils d’aide à la décision qui rassemblent les meilleurs indicateurs du Marché de l’Art, révèles les dernières tendances et permettent d’anticiper les variations de prix. Ainsi, l’ensemble Big Data, Data Mining, IE, AI, Blockchain est désormais au service du Marché de l’Art. Artprice consacre chaque année 80 % de ses charges à la R&D et fait l’objet du label étatique d’Entreprise Innovante par le BPI.

thierry Ehrmann précise : « Nos indices de prix, calculés sur la base de la méthode infaillible des ventes répétées, symbolisent au mieux la puissance de nos banques de données : une couverture exhaustive, transparente et surtout entièrement objective des ventes publiques d’œuvres d’art à travers le monde ».

L’arrivée de Patrick Drahi à la tête de Sotheby’s scelle définitivement la transformation numérique du Marché de l’Art. L’essor extraordinaire du Marché de l’Art peut se comprendre avec ces deux chiffres, nous sommes passés des 500 000 collectionneurs de l’Après-Guerre à 90 millions d’art consummers aujourd’hui. De même, avec l’Industrie Muséale, il s’est construit plus de Musée entre 2000 et fin 2014 qu’entre le 19ème et 20ème siècle. Ce rythme continue pour le bonheur de tous les passionnés d’art, avec près de 700 nouveaux musées par an, désormais sur les cinq continents.

Copyright 1987-2019 thierry Ehrmann www.artprice.comwww.artmarket.com

Au sujet d’Artron :

Partenaires depuis 2009, Artron et Artprice ont signé en octobre 2018 un accord historique pour créer une « nouvelle route de la soie de l’art », cette alliance s’inscrivant dans le plan « One Belt One Road » (OBOR) / « Belt and Road Initiative » (BRI), lancé en 2013 et connu en Europe sous le nom de « Nouvelle Route de la Soie ».

Artprice couvre le monde entier et notamment la Chine avec son fidèle partenaire institutionnel Artron Art Group (Artron) fondé en 1993 et présidé par son Fondateur Mr Wan Jie qui est le plus grand imprimeur de livres d’art au monde, avec plus de 60 000 livres et catalogues de ventes aux enchères et un volume de publications total de 300 millions par an.

Artron.Net est la marque la plus respectée du monde de l’art chinois. Artron.Net compte plus de 3 millions de membres professionnels dans le secteur des arts et 15 millions de visites quotidiennes en moyenne, ce qui en fait le premier site Web d’art mondial.

A propos d’Artprice :

Artprice est cotée sur Eurolist by Euronext Paris, SRD long only et Euroclear : 7478 – Bloomberg : PRC – Reuters : ARTF.

Découvrir Artprice en vidéo : https://fr.artprice.com/video

Artprice fut fondée en 1997 par thierry Ehrmann qui est son PDG. Artprice est auto-contrôlée par le Groupe Serveur créé en 1987. Voir biographie certifiée de Who’s who © :
https://imgpublic.artprice.com/img/wp/sites/11/2019/03/2019-bio-whoswho-thierry-ehrmann.pdf

Artprice est le Leader mondial des banques de données sur la cotation et les indices de l’Art avec plus de 30 millions d’indices et résultats de ventes couvrant plus de 700 000 Artistes. Artprice Images® permet un accès illimité au plus grand fonds du Marché de l’Art au monde, bibliothèque constituée de 126 millions d’images ou gravures d’oeuvres d’Art de 1700 à nos jours commentées par ses historiens.

Artprice enrichit en permanence ses banques de données en provenance de 6300 Maisons de Ventes et publie en continu les tendances du Marché de l’Art pour les principales agences et 7200 titres de presse dans le monde. Artprice met à la disposition de ses 4,5 millions de membres (members log in), les annonces déposées par ses Membres, qui constituent désormais la première Place de Marché Normalisée® mondiale pour acheter et vendre des oeuvres d’Art à prix fixe ou aux enchères (enchères réglementées par les alinéas 2 et 3 de l’article L 321.3 du Code du Commerce).

Artprice, labellisée par le BPI pour la deuxième fois en novembre 2018, développe son projet de Blockchain sur le Marché de l’Art.

Le Rapport Annuel Artprice du Marché de l’Art mondial 2018 publié en mars 2019 : https://fr.artprice.com/artprice-reports/le-marche-de-lart-en-2018

Le Rapport du Marché de l’Art Contemporain 2018 d’Artprice :
https://fr.artprice.com/artprice-reports/le-marche-de-lart-contemporain-2018

Sommaire des communiqués d’Artprice :

http://serveur.serveur.com/press_release/pressreleasefr.htm

https://twitter.com/artpricedotcom

Suivre en temps réel toute l’actualité du Marché de l’Art avec Artprice sur Facebook et Twitter :

https://www.facebook.com/artpricedotcom 4,5 millions d’abonnés

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

http://artmarketinsight.wordpress.com/

Découvrir l’alchimie et l’univers d’Artprice http://web.artprice.com/video dont le siège social est le célèbre Musée d’art contemporain Abode of Chaos dixit The New York Times / La Demeure du Chaos: https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013

https://vimeo.com/124643720

Musée d’Art Contemporain siège social d’Artprice :

https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

(3,9 millions d’abonnés)

Contact ir@artprice.com

Artprice.com is changing its name to Artmarket.com to become a global player in the Art Market

Artprice.com is changing its name to Artmarket.com to become a global player in the Art Market

thierry Ehrmann: Artprice recently celebrated its 20th anniversary. It took twenty years to establish Artprice as the Global Leader in Art Market Information, its declared ambition in its 1999 IPO prospectus.

Today, Artprice is unanimously recognized by press agencies, the media (printed and audio-visual), the financial sector, art market professionals, museums and States around the world as the primary global reference in Art Market Information.

thierry Ehrmann, CEO and founder of Artprice.com and Artmarket.com

thierry Ehrmann, CEO and founder of Artprice.com and Artmarket.com

[https://imgpublic.artprice.com/img/wp/sites/11/2019/07/thierry-ehrmann-artprice-artmarket-ceo.png]

But its development is about to move into another realm: Artprice will become Artmarket.com in order to optimize its position as a global player at the start of a decade that will see the digital revolution carry the entire planet into a complete and radical paradigm shift.


This
historic name change reflects an expansion of our role to all matters related to the Art Market rather than just to questions related to “art prices”, a subset of the Art Market.

This is the same approach successfully implemented by Google which has become Alphabet to avoid being associated uniquely with search engines.

As such, the Artprice brandknown worldwide for over 20 yearswill remain the reference brandname for Artmarket.com in its highly profitable art prices /indices databanks activity.

thierry Ehrmann: “ the name Artmarket.com will drive our know-how, our content and our brands like no other entity operating on the Art Market will be able to do, thanks notably to the natural indexing by global search engines of any content relating to the term Art Market”…because English is the language most used by the art market all over the world.”

For Artprice – now Artmarket – this represents a very significant financial and economic step forward.

Artprice acquired the domain names artmarket.com .net and .org a long time ago and therefore holds a perfectly legal key to millions of searches per month via the generic term “Art Market” on Google.com, or any other search engine.

For searches using the term “Art Market” on Google.com, Artmarket.com is the top result out of 3.6 billion results (Judicial Officer’s Report, SCP Pons-Mergui). By comparison, a search on Google.com using “Artprice produces 2.5 million results, with, of course, artprice.com in first place.

Artmarket.com .net .org are therefore the primary Internet keys to the global Art Market.

Moreover, for all matters related to the commercial aspects of art, the term “Art Market is the term universally used since the post-war period by all the artistic, economic and financial publications including The Wall Street Journal, The Financial Times, The New York Times, Bloomberg, Reuters, The Art Newspaper, The Guardian, the BBC, CNN, Euronews, AFP, Yahoo! Finance, Cision (PR Newswire), etc…

Artmarket.comopens the doors of a future that can only be 100% digital now that the Art Market has already massively migrated into the mobile Internet sector (4.5 billion smartphones in circulation and 5G already operational in certain countries). Artmarket.com is a perfect reflection of this digital electroshock, both scientifically and economically, and it has acquired its lead in this market thanks to years of R&D.

The generic and universal name Artmarket.com will act as a powerful vector for a change in economic scope, for capital transactions and possibly an IPO on another stock exchange (without any capital increase).

thierry Ehrmann: “More than anything else, this highly significant change of our business name reflects a new beginning in our unique history. It marks our desire to become a truly global player in the Art Market, with a multitude of projects underway. It would have been very presumptuous of us to have declared such ambitions when we began our journey in 1997.

I wish to thank all our staff for their hard work and perseverance and our shareholders for their trust over the years and I believe we can now all look forward to participating in the culmination of our project as a global player in the Art Market, reflected in our new name, Artmarket.com.


Of course, this name change will have no impact on our customers whose access to our services and our data remains completely unchanged.

Artprice.com shareholders will very soon be invited to an EGM (within the legal deadlines) to approve this name change.

After approval, shareholders of Artprice.com on Euronext will automatically become shareholders of Artmarket.com without any impact on the number of shares held or their attached rights.

Copyright 1987-2019 thierry Ehrmann www.artprice.comwww.artmarket.com

About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2019/03/2019-bio-whoswho-thierry-ehrmann.pdf).

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications.

For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2018 published last March 2019: https://www.artprice.com/artprice-reports/the-art-market-in-2018

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

Artprice’s Contemporary Art Market Annual Report for 2018 – free access at:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2018

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom 4,5 million subscribers

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos: https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos

https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 3.9 million subscribers

Contact: ir@artprice.com

Artprice: The Digital Revolution of the Art Market is Now

PARIS, July 9, 2019 /PRNewswire/ — The acquisition of Sotheby’s by the telecommunications and networks tycoon, Patrick Drahi, may be seen as the Art Market’s final acceptance of the digital era.

To view the Multimedia News Release, please click: https://www.multivu.com/players/uk/8571451-artprice-digital-revolution-art-market/

thierry Ehrmann, Artprice’s Founder and CEO, explains: « In 1998, François Pinault’s acquisition of Christie’s brought our industry into the ‘financial’ era. Twenty years later, its principal rival Sotheby’s is leading the ‘digital’ revolution. Fortunately, much of the groundwork has already been done: Artprice has long been a pioneering force in this colossal metamorphosis. Ten years ago, the famous art historian Raymonde Moulin said: « whether you like it or not, Artprice has irreversibly changed the structure of the Art Market that I have been studying for more than 50 years. »

There can be no doubt that the 61% premium offered to Sotheby’s shareholders reflects the immense economic potential of the Art Market, in which Sotheby’s is a key player. Patrick Drahi is not the only one to see this potential since, according to the New York Post, at least two other acquisition offers have already been made: one from Wall Street (initiated by Blackstone collector and CEO Stephen Schwarzman) and the other from Sotheby’s biggest shareholder, the Chinese company Taikang Asset Management.

The financialization of the Art Market has allowed the major transformation that we all know… with the arrival of new players, new strategies and new instruments. Sale guarantees, for example, have made it easier to secure the auction of masterpieces by reassuring sellers. These guaranteed minimum prices work a little like financial market derivatives: without taking the likeness too far, the guarantees may be compared with call options.

The next long-awaited step in the Art Market’s evolution is its dematerialization. In 2017, Sotheby’s eliminated buyer fees from its online sales… but five months later, it reintroduced them. Its financial performance was not strong enough to resist the pressure from shareholders who demanded better operating margins. The day after Sotheby’s announced its forthcoming delisting from the NYSE, the French version of The Art Newspaper ran the headline « Sotheby’s regains its freedom… and its secrecy. »

In a context of negative or near-zero interest rates, the Art Market is more attractive than ever, with an average annual return +7% (Artprice100©).

Over the last two decades, the Art Market has gained enormously in efficiency. Admittedly, transaction costs are still high and numerous obstacles still hinder the free movement of artworks around the world; nevertheless, it has never been so fluid, or so global.

From the new record of $4 million recorded in Beijing for German artist Anselm Kiefer, to New York’s latest passion for Aboriginal art (with exhibitions at the Gagosian Gallery and MoMA PS1), the Art Market has liberated itself from geo-political borders.

Buyer preferences are obviously still subject to profound geographical influences, but the Art Market has no trouble taking them account. In 2015, Sotheby’s pulled the plug on its Middle East sales, preferring to hold an annual session dedicated to Middle-Eastern art in London. The operator knows that collectors from the Arabian Peninsula are perfectly happy to travel the 3250 miles that separates Doha from the British capital.

The Art Market is now ready for dematerialization… although compared to other economic segments it has a handicap of almost 30 years…

Nowadays, art amateurs, collectors, professionals and museums have access to lots of tools to help them manage their collections and their sales methods on the one hand, and to provide a global vision of the Art Market, at any time, on the other. Since 1987, Artprice has been a pioneer in this field and has developed – via the acquisition of the Swiss firm Xylogic (among others) – a complete set of decision-making tools that offer the best Art Market indicators available and reveal the latest trends in real-time. Crucially, they also allow the anticipation of price changes. Henceforth, the Art Market is now being analyzed and driven by Big Data, Data Mining, IE, AI and Blockchain. Artprice spends 80% of its expenses each year on R&D and has been awarded the Innovating Enterprise label by the French State’s innovation-supporting investment bank.

thierry Ehrmann again: « Our price indices – calculated using the infallible repeat sales method, epitomise the power of our data banks, providing a comprehensive, transparent and, above all, entirely objective coverage of public art sales art around the world. »

The arrival of Patrick Drahi at the helm of Sotheby’s undoubtedly marks the definitive transition of the Art Market to the digital era. Two statistics in particular illustrate the extraordinary growth of the Art Market: since the end of WWII the number of art consumers and collectors has grown from roughly half a million to approximately 90 million today. Likewise with the Museum Industry: more museums were built between 2000 and late 2014 than during the previous two centuries. This rhythm is continuing today with nearly 700 new museums a year – now on five continents – for the pleasure and cultural indulgence of art lovers all over the world.

About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Founded by thierry Ehrmann (see Who’s who certified Biography)(c) https://imgpublic.artprice.com/img/wp/sites/11/2019/03/2019-bio-whoswho-thierry-ehrmann.pdf).

Discover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications.

For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2018 published last March 2019: https://www.artprice.com/artprice-reports/the-art-market-in-2018

Contact: thierry Ehrmann, ir@artprice.com

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Artprice: Hong Kong drives the Contemporary Art Market

2019/05/29 Commentaires fermés
Artist Zhang Xiaogang in his studio with Wan Jie, Artron Group CEO (left) and thierry Ehrmann, Artprice CEO (right).

Artist Zhang Xiaogang in his studio with Wan Jie, Artron Group CEO (left) and thierry Ehrmann, Artprice CEO (right).

Christies, Phillips and Bonhams have at last started their 2019 sales programme in Hong Kong, two months after the other major auction houses began theirs. Sothebys, China Guardian, Poly, Council and Seoul Auction organized their first major Hong Kong sessions just after the Art Basel Hong Kong fair.

This unusual split in the major sales calendar (especially between Christies and Sothebys) appears to have benefited the Hong Kong Art Market, which is now more evenly spread over the first half of the year.

According to thierry Ehrmann, Artprice’s CEO and founder, “one of Hong Kong’s major advantages is its capacity to offer an extraordinary mix of works from around the world. In this respect, it is absolutely unique in the world, turning over the best works from China, Japan and all of Southeast Asia, but also from Europe and the United States.

Phillips’ recent evening sale included works by Zao Wou-Ki, Roy Lichtenstein, Zhang Xiaogang, Yoshitimo Nara and Andy Warhol. The selection was both prestigious and universal… a perfect reflection of the wealth of the Hong Kong marketplace. That’s why all the big auction houses, both Chinese and American, want to be there.

Indeed, this year, Hong Kong’s attractiveness convinced the Guangzhou-based auctioneer Holly’s International to expand its activities there. Founded in 1994, Holly’s has organised no less than seven sales in Hong Kong for the end of May 2019… its first venture into the city since it began operations.

Zao Wou-Ki reigns supreme

The best results at Christies and Phillips were, unsurprisingly, generated by the Franco-Chinese painter Zao Wou-Ki. Since his massive record of $57.5 million last September, the master of lyrical abstraction has joined the giants of the art market, taking third place in Artprice’s 2018 auction turnover ranking, just behind Pablo Picasso and Claude Monet.

The eight Zao Wou-Ki paintings offered for sale by Christies on 25 May 2019 generated $50 million, accounting for 45% of the sale’s total turnover. It was a remarkable performance, but it could have been better because the best piece among the eight, a large oil on canvas titled 02/01/65, failed to sell.

No doubt the on-demand estimate was above $30 million, a value that is consistent with the latest results, but which in view of the rapid inflation of Zao Wou- Ki’s prices, might take a little longer to prevail on the market. In 2010, the same work was acquired for just $2.7 million.

Success confirmed for Kaws and Richard Lin

The sales organised by Sothebys at the beginning of April 2019 were particularly marked by the unexpected record for the American street artist Kaws. Estimated between $800,000 and $1 million, his painting The Kaws Album (2005) reached a staggering $14.8 million (including fees). The new star of the Perrotin and Skarstedt galleries has had an exceptional start to the year on the secondary market.

Phillips generated a thirteenth result above the $1 million line with Half Full (2012). Acquired in New York at Christies in March 2018 for $444,500, this acrylic on canvas was resold for $1.4 million in Hong Kong, just 14 months later.

The abstract painter Richard Lin (1933-2011) also generated substantially buoyant results. Seven years after his death, interest in his work renewed his auction record three times in 2018. On 27 May 2019 his painting 1.3.1964 – Painting Relief dominated Bonhams’ Contemporary & Modern Art sale.

Prices stabilise for works by Contemporary Chinese artists

The prices of Chinese painters born in the 1950s are firming in Hong Kong. Without setting new records (set five or six years ago for most of them), this generation of new Chinese masters of the oil painting medium is enjoying strong demand in Asia… and reassuring collectors.

On 25 May, Zeng Fanzhi’s painting Mask (1996) sold just under $3 million at Christie’s, far below the $23 million recorded in 2013 for his much larger canvas The Last Supper (2001), a value he has never come close to since then… Similarly, and on the same day, Zhang Xiaogang’s Bloodline Series: The Big Family No. 10 (2000) sold for $1.6 million. In 2014 his Bloodline: The Big Family No.3 (1995) from the same series fetched over $12 million.

In view of these results, we are clearly seeing a price consolidation on works by Chinese artists from this generation: their values are tending to stabilise at very high levels. This trend has been confirmed, among other signs, by three successive results for Zhou Chunya’s painting Stone Series – The Tree Connected to Stone (1993):

$246,000 – 9 October 2006 (Sothebys Hong Kong)

$6,700,000 – 5 April 2014 (Sothebys Hong Kong)

$4,100,000 – 25 May 2019 (Christies Hong Kong)

Copyright ©2019 thierry Ehrmann – www.artprice.com

Try our services (free demo):

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Subscribe to our services:

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About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2019/03/2019-bio-whoswho-thierry-ehrmann.pdf).

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications.

For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2018 published last March 2019: https://www.artprice.com/artprice-reports/the-art-market-in-2018

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

About the Artron Group:

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993 by Wan jie, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials.

Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website.”

Artron’s Web: www.Artron.net

Artprice’s Contemporary Art Market Annual Report for 2018 – free access at:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2018

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom 4,3 million subscribers

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos: https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos

https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 3.8 million subscribers

Contact: ir@artprice.com

ARTPRICE: Big is beautiful…

2019/05/07 Commentaires fermés

One of Louise Bourgeois’s six Spider sculptures, measuring more than 7 meters across and 3 meters tall, will be offered for sale at Christies on 15 May 2019 in New York. Numbered 3/6 in the series, the work already fetched $28.2 million in 2015 and Louise Bourgeoiss prices have stayed steady since then.
It could become the most expensive artwork by a female artist ever sold at auction.

Giuseppe Bezzuloli (1784 - 1855) - Folly driving the chariot of Love L: 4.8 m; H: 3.4 m.

Giuseppe Bezzuloli (1784 – 1855) – Folly driving the chariot of Love L: 4.8 m; H: 3.4 m.

Like it or not, when it comes to art, size is very important. Giant works fascinate us because they transcend our own scale. Who isn’t impressed by huge paintings like Pablo Picasso’s Guernica (at the Reina Sofía Museum in Madrid) or Veroneses Les Noces de Cana (at the Louvre Museum in Paris)?” says thierry Ehrmann, Artprice’s Founder/CEO

In general, an artist’s largest works attract the strongest demand. For equivalent quality, the larger works will almost always be worth more than the smaller works.

This week, Artprice picks out a selection of 10 monumental works auctioned in 2018 in each of the major artistic mediums.

PAINTINGS

Zao Wou-Ki Juin-Octobre 1985

10 x 2.8 meters

On 30 September 2018, Zao Wou-Ki’s Juin-Octobre 1985 triptych – his largest work still in circulation – caused a major sensation when it was re-offered for sale at Sotheby’s. In May 2005, Christies sold the same work in Hong Kong for $2.3 million. Thirteen and a half years later, its value exceeded $65 million, i.e. no less than 28 times its previous value.

Mark Bradford Helter Skelter I (2007)

10 x 3.65 meters

American painter Mark Bradford had a particularly good year in 2018. In 2017, he represented the United States at the Venice Biennale. But it wasn’t until the first half of the following year that his prices began to inflate rapidly, generating three new auction records.

On 8 March 2018, his Helter Skelter I (2007) came close to $12 million at Phillips in London. This huge piece was a key element in the exhibition Collage: The Unmonumental Picture organized by the New York Museum in New York in 2008.

Osgemeos It is Supposed to be Raining But… (2008)

2.5 x 2.5 metres

This large format canvas allowed the Brazilian duo of graphic artists to express their art in superb style. Accustomed to large facades, the two street artists have produced a large number of reasonably dimensioned paintings for the market. However, their very large canvases capture all the power of their street art. On 26 June 2018, the painting fetched $132,000 at Phillips in London.

DRAWINGS

Takashi Murakami Dragon in Clouds-Red Mutation (2010)

18 x 3.6 meters

Takashi Murakami’s imaginary world stands at the crossroads of manga culture and Sino-Japanese mythology. In April 2018, the auction house Council sold one of his three large-scale interpretations of Asia’s most popular mythical creature, the dragon. His colossal drawing red ink on paper – titled Dragon in Clouds-Red Mutation seduced Chinese collectors in Shanghai, fetching more than $8.8 million.

Giuseppe Bezzuloli Folly driving the cart of Love

481 x 344 cm.

Commissioned in 1848 to paint the ceiling of the Palazzo Gerini in Florence, Giuseppe Bezzuloli executed this study on the theme of Love and Madness. The final fresco still adorns the ceiling of the famous Tuscan Palace.

Estimated between $50,000 and $80,000, the drawing was purchased for $275,000 at Christies in New York on 30 January 2018. Nowadays, very large-scale historical works are extremely rare on the market and this post-Renaissance drawing – which still retains all its power – was a superb acquisition.

SCULPTURE

KAWS Clean Slate (2014)

5.5 x 5.5 x 7.5 meters

Kaws is currently an in vogue artist par excellence… from New York… to Hong Kong. The American street artist has conquered the international art market with his colorful paintings, his large-scale figurines and his monumental sculptures. Clean Slate (2014) was shown all around the world (Shanghai, Ibiza, Hong Kong and Fort Worth) before being put on sale by Phillips in New York, where it was acquired for nearly $2 million.

Philippe de Buyster (Attrib.) Vierge de pitié (c.1650-60)

1.6 x 0.5 x 1.3 meters

This 17th century Pietà was one of the very few large-scale Old Master works sold last year. In perfect condition, the terracotta sculpture came from the Chapel of Château d’Autricourt in Burgundy (France). Christies sold the piece for $58,000 (including costs) in Paris on 19 June 2018.

Joana Vasconcelos Betty Boop (2010)

4.1 x 1.5 x 3 meters

This huge high-heeled shoe made of stainless steel pots and concrete is a perfect example of Joana Vasconcelos’s taste for oversize. The Franco-Portuguese artist has never been afraid to invest large places like the Bon Marché department store in Paris or the Palace of Versailles where Betty Boop (2010) was presented in the Hall of Mirrors in 2012.

PHOTOGRAPHY

Gilbert & George – Thirty-Five Locations (2003)

422 x 361 cm

The British duo Gilbert & George is not doing as well on the secondary market as in 2008, but their unique large-format photos continue to fetch very good prices. Consisting of 24 rectangular sections, Thirty-Five Locations resembles a huge stained glass window in black, white and red. It was the largest photographic work sold during 2018 and fetched $150,000 at Sotheby’s in New York (17 May).

MIXED MEDIA

Tracey Emin Dark Dark Dark (2007)

3.6 x 1.6 x 1.5 metres

In 2007 Artwise commissioned Tracey Emin to customise four Fiat 500s (each unique) for a charity sale. On 5 December 2018 at Phillips’ New Now sale, one of them fetched $8,000. In the catalogue Phillips warned Please note this lot is offered as an art work, and not a motor vehicle…

The use of motor vehicles as an artistic medium may seem bizarre, but several major artists have lent themselves to the exercise in the past. The BMW Art Car project, for example, allowed Andy Warhol, David Hockney and Jeff Koons to completely transform the exteriors of cars.

Copyright ©2019 thierry Ehrmann – www.artprice.com

Try our services (free demo):

https://www.artprice.com/artist/23640/baishi-qi

Subscribe to our services:

https://www.artprice.com/subscription

About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2019/03/2019-bio-whoswho-thierry-ehrmann.pdf).

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications.

For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2018 published last March 2019: https://www.artprice.com/artprice-reports/the-art-market-in-2018

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

About the Artron Group:

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993 by Wan jie, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials.

Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website.”

Artron’s Web: www.Artron.net

Artprice’s Contemporary Art Market Annual Report for 2018 – free access at:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2018

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom 4 million subscribers

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos: https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos

https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 3.6 million subscribers

Contact: ir@artprice.com

Artprice: the 10 top-selling artworks created after the 2008 financial crisis

2019/04/24 Commentaires fermés

Artprice: the 10 top-selling artworks created after the 2008 financial crisis

The year 2008 marked a turning point for the Art Market and for the global economy as a whole. In retrospect, Sothebys 15 September 2008 sale Beautiful Inside My Head Forever dedicated to works by Damien Hirst – just hours before the collapse of Lehman Brothers Bank and its repercussions on art sales throughout the world – now looks like the swan song of a different era.

However, as thierry Ehrmann, Founder/CEO of Artprice tells us, “the impact of the financial crisis did not affect artistic creation; the significant changes we have seen since 2008 are essentially due to changes within the internal structure of the Art Market.

The main development is of course the growth of the Chinese market, but we have also seen the growth of Art as a financial investment. Negative or nearzero interest rates, which undermine the value of savings, have increasingly pushed capital towards alternative investments… and Art generates very attractive returns. The large number of artworks created over the last ten years that have already sold in public auctions prove that Contemporary Art represents a sensational market.

Global Fine Art auction turnover

Global Fine Art auction turnover

Global Fine Art auction turnover


[https://imgpublic.artprice.com/img/wp/sites/11/2019/04/auction-turnover.png]

Artprice presents 10 artists who have already marked the secondary market with works created after the 2008 financial crisis.

1. Cui Ruzhuo (b. 1944): The Grand Snowing Mountains (2013)

$39,577,000 – 4 April 2016, Poly Auction, Hong Kong

The Chinese painter Cui Ruzhuo is one of the most successful living artists in the Art Market, on a par with Gerhard Richter and David Hockney. However, unlike the latter two, his best worksthose for which demand is the strongestare his most recent. The result hammered for a mountain-scene panorama measuring over 8 meters wide and 3 meters highThe Grand Snowing Mountains (2013) – illustrates the immense success of this new giant of Chinese painting who remains far too unknown in the West.

2. Jeff Koons (b. 1955): Popeye (2009/11)

$28,165,000 14 May 2014, Sothebys, New York

A month before his retrospective began at the Whitney Museum (27 June 27 – 19 October 2014), the Prince of Kitsch Jeff Koons saw his Popeye sculpture (2009/11) become the subject of furious bidding at an evening sale at Sotheby’s New York. The sculpture, the first in a series of three, was to be one of the highlights of the Jeff Koons exhibition at the Whitney Museum, and was also shown at the Centre Pompidou in Paris and the Bilbao Guggenheim.

3. Mark Grotjahn (b. 1968): Untitled (S III Released to France Face 43.14) (2011)

$16,767,500 – 17 May 2017, Christies, New York

Represented by the Gagosian Gallery since 2008, the American painter Mark Grothjahn saw his prices rise gradually until 2017. Then, in the space of just twelve months, his price index shot up 75% before falling back again the following year. In 2018, another of his large format paintings, Untitled (Black over Red Orange « Mean as a Snake » Face 842) (2010), fetched $7,073,000.

4. Gerhard Richter (b. 1932): Abstraktes Bild (2009)

$9,093,300 – 5 March 2019, Sothebys, London

Large abstract paintings by Gerhard Richter are among the most expensive artworks in the world. In February 2015, Abstraktes bild (1986) fetched over $46 million setting a sensational record for Germanys Art Market leader. The sale of Abstraktes Bild (2009) shows that collectors are increasingly valuing his recent production, which could be as valuable as his earlier works (1965 – 1990) in the long run.

5. Rudolf Stingel (b. 1956): Untitled (2012)

$7,939,000 – 8 March 2018, Phillips London

Rudolf Stingel is also supported Larry Gagosian and has also greatly benefited from the dealer’s international power and standing. In 2015, the Gagosian presented Stingel’s work in Asia for the first time with a series of paintings Untitled (2012) that reproduced wall fragments from his double exhibition at the Chicago Museum of Contemporary Art and the Whitney Museum in New York in 2007. During those shows, visitors were invited to write inscriptions of all kinds on the walls of the two prestigious museums. Stingel reproduced certain details using electro-formed copper which he subsequently covered with gold.

6. Jin Shangyi (b. 1934): Peony Pavilion (2013)

$7,829,400 – 31 May 2014, China Guardian, Canton

Chinese painter Jin Shangyi is a master oil painter. Known for his portraits (including female nudes in the late 1980s), he is one of the most original Chinese artists of his generation. His work was much in demand in 2013, as shown by the value of his 1999 canvas Monk Painter Kun Can ( ):

– $2,088,500, 13 May 2007 China Guardian, Beijing

$6,326,500, 1 June 2013 Poly Auction, Beijing

– $4,436,500, 16 June 2018 China Guardian, Beijing

7. Yayoi Kusama (b. 1929): Pumpkin (TWPOT) (2010)

$6,937,500 – 1 April 2019, Sothebys, Hong Kong

She is the most successful female artist on the global Art Market, all periods of creation combined. The 707 works by Yayoi Kusama auctioned around the world in 2018 generated $103 million, covering more than sixty years of artistic creation from the early 1950s to canvases painted in the past 5 years, which are already being resold.

8. Adrian Ghenie (b. 1977): Boogeyman (2010)

$6,354,000 5 October 2018, Sotheby’s, London

The youngest artist in this ranking and the figurehead of new European expressionism, the Romanian painter Adrian Ghenie joined the Pace Gallery in 2013 and his work has already been purchased by some of the worlds leading Contemporary Art museums, including the Centre Georges Pompidou. Both tenebrous and colorful, his paintings do not hide the influence of Van Gogh and Francis Bacon, sometimes with quite direct references.

9. George Condo (b. 1957): Nude and forms (2014)

$6,162,500 – 17 May 2018, Christies, New York

In 2018, George Condo conquered the world. With more than $55 million in auction turnover between New York (56%), London (30%) and Hong Kong (12%), Condo is one of the top 50 most successful artists of all time. His market is now more active than that of Jasper Johns or Frank Stella.

10. Mark Tansey (b. 1949): Hedge (2011)

$5,653,000 – 14 May 2015, Phillips, New York

Although Mark Tansey’s works rarely appear at auction (a total of just 103 lots over the last 30 years), demand is ever-stronger for his work. Today his market is entirely divided between New York (90%) and London (10%), but he is very likely to be sold in Asia soon.

Copyright ©2019 thierry Ehrmann – www.artprice.com

Try our services (free demo):

https://www.artprice.com/artist/23640/baishi-qi

Subscribe to our services:

https://www.artprice.com/subscription

About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2019/03/2019-bio-whoswho-thierry-ehrmann.pdf).

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications.

For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2018 published last March 2019: https://www.artprice.com/artprice-reports/the-art-market-in-2018

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

About the Artron Group:

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993 by Wan jie, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials.

Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website.”

Artron’s Web: www.Artron.net

Artprice’s Contemporary Art Market Annual Report for 2018 – free access at:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2018

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom 4 million subscribers

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos: https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos

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Artprice: All segments of the Art Market are gold mines for those who know how to anticipate and wait.

2019/04/17 Commentaires fermés

According to thierry Ehrmann, the found and CEO of Artprice.com, “Our clients, with Artprice, can follow artworks from one appearance at auction to another, which give them insight into how collectors anticipate the Art Market and benefit from its long-term general evolution.

When we take a look at the first quarter of 2019, for instance, we see that a large number of Fine Art auction lots have proved the extraordinary profitability of Art as an investment over the last thirty years. Of these the most spectacular was probably David Hockney’s Henry Geldzahler and Christopher Scott (1969), which fetched the quarter’s best result at over $49 million on 6 March 2019 at Christie’s London. In November 1992, the same 2×3 metre canvas had sold for $1 million.”

Paul Signac (1863-1935) Le Port au soleil couchant, Opus 236 (Saint-Tropez) (1892)

Paul Signac (1863-1935) Le Port au soleil couchant, Opus 236 (Saint-Tropez) (1892)

Paul Signac (1863-1935)
Le Port au soleil couchant, Opus 236 (Saint-Tropez) (1892)

The price evolution of Paul Signac’s Le Port au soleil couchant proves that the best financial returns are not reserved for Post-War and Contemporary artists.

The seascape’s three appearances at auction show a constant and extremely dynamic appreciation over nearly forty years, for a historical artist whose contribution to the History of Western Art has long been recognised:

– 12 May 1980: $490,000 (Sotheby’s New York)

– 11 May 1993: $1.8 million (Sotheby’s New York)

– 27 February 2019: $26 million (Christie’s London)

Basquiat still leading

The upside on works by Jean-Michel Basquiat has been somewhat less publicized over the first part of 2019… and yet the American prodigy generated three of the ten best gains in the first quarter. On 5 March 2019 at Sotheby’s London, his 1986 canvas Apex (painted two years before his death by drug overdose) reached $10.8 million, multiplying its value by no less than 370 times since its last auction in June 1988 when it sold for just $29,400.

A pencil drawing entitled Soothsayer (1983) proves that Basquiat’s success covers all of his production. Acquired for $32,900 in June 2002, this small work sold for $997,600 on 5 March 2019, representing an average annual return on investment of +22% over the last 17 years.

Similarly, his paper collage Untitled (1987) – sold during the same session at Sotheby’s in London – confirms a very clear trend:

– on 25 March 1993 it fetched $26,700 (Christie’s London)

– on 5 March 2019 it fetched $1,321,000 (Sotheby’s London)

We have seen this kind of price metamorphosis with lots of other artists as well. The Minimalist French artist, Daniel Buren (b. 1938) is today enjoying an extraordinary price ascension that is rewarding all the collectors who anticipated the power of his art a quarter of a century ago.

His canvas Peinture acrylique blanche sur tissu rayé blanc et rouge, purchased $3,500 in 1997 at Libert-Castor in Paris, fetched $357,500 at Phillips in London on 8 March 2019.

Likewise in Asia

Hong Kong’s recent prestige sales in the wake Art Basel Hong Kong generated a number of significant revaluations that benefit Asian collectors. The biggest rise in China during Q1 2019 came from a painting by Fengmian Lin (1900-1991) titled Wisteria. Twenty-seven years ago it sold for $15,000 at Sotheby’s in New York. Since 2 April 2019, it is now worth over $1.3 million.

The return to Hong Kong of great works by Chinese Modern artists, long traded on the Western marketplaces, can have a considerable impact on their value. But the development of the Hong Kong market over the last 30 years also benefits artists who have never left Asia.

Take for example the latest result for an ink drawing by artist Yu Feian (1888-1959) entitled Parrot (1945). Purchased in Hong Kong in 1990 for $11,400, the same drawing resold for 70 times that amount in the same city (Sotheby’s) on 2 April 2019 ($787,000).

Women in vogue

The Japanese artist Yayoi Kusama also, unsurprisingly, ranks among the most impressive price accretions in Q1. Today the most successful female artist on the global Art Market, with an auction turnover exceeding $100 million in 2018 (ahead of Louise Bourgeois and Joan Mitchell), Kusama has not always had this kind of success.

In 2000, the record auction price for one of her paintings was just $80,000, whereas her Interminable Net # 4 (1959) fetched close to $8 million on 1 April at Sotheby’s Hong Kong. In terms of revaluation, her sculpture Midsummer (1983), acquired for just $7,200 at Sotheby’s in London in 2000, resold for $428,000 at the same auctioneer 19 years later.

The prize for the most unexpected price jump in Q1 2019 must surely go to 17th century Flemish artist Michaelina Wautier. Long forgotten by art historians, Wautier was ‘rediscovered’ in 2018 with a first retrospective organized at the Museum aan de Stroom and at the Rubens House in Antwerp.

The renewed attention had a profound impact on the prices of her works and her canvas A garland of flowers (1652) reached $471,000 on 30 January 2019 at Sotheby’s in New York. In 1993, the strange bouquet with a hovering dragonfly sold for just $20,000.

As Q1’s global auction results show, the best financial performances come from all segments of the Art Market, and not just from its high-end or from Contemporary Art or from the American market…

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Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2019/03/2019-bio-whoswho-thierry-ehrmann.pdf).

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Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications.

For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2018 published last March 2019: https://www.artprice.com/artprice-reports/the-art-market-in-2018

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

About the Artron Group:

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993 by Wan jie, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials.

Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website.”

Artron’s Web: www.Artron.net

Artprice’s Contemporary Art Market Annual Report for 2018 – free access at:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2018

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

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https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos

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Artprice: The Art Market confirms Robert Combas as one of France’s major living artists

2019/04/09 Commentaires fermés

Over the past two years the value of Robert Combas’ paintings (1957) has risen 40%. His large acrylics, especially those created in the late 1980s, now regularly fetch above $100,000 at auctions.

thierry Ehrmann: “With his market looking particularly dynamic, Robert Combas is today the second most sought-after living French artist after Pierre Soulages. Although his paintings still fetch much less than those of France’s grand master of abstraction, his latest auction results suggest a rapid growth in demand and an expansion of his market as far as Asia”.

In June 2017, the Chinese auction house Ravenel set a new auction record for Combas in Taiwan when his The Sun King (1987) sold for $214,500 (including fees). A year later, on 4 April 2018, La Prise de la Bastille (c.1989) and La bagarre de Zozo (1986) were each sold for $220,000 in Paris.

Boosted by these successive auction records, the enfant terrible of the Figuration Libre movement has proved he is still the best representative of French painting on the Contemporary Art Market.

As thierry Ehrmann puts it: “Combas is a one of our giants… he already has more than 5,000 auction results to his name”.

Artprice Indicator: Value of The Sun King (1987) from 2000 to 2019

Artprice Indicator: Value of The Sun King (1987) from 2000 to 2019 © Artprice.com

Artprice Indicator: Value of The Sun King (1987) from 2000 to 2019 © Artprice.com

2018 was an excellent year for Robert Combas: 184 works were sold generating a total of $4.75 million. The market is trading more than forty years of artistic creation from his first canvases dated 1979 (the year he left art school in Saint-Etienne) to his most recent works.

However, the strongest demand focuses on works he produced from 1985 to 1995. Encouraged by rising prices, more and more collectors are selling major works they have sometimes kept for more than 20 years generating a virtuous market circle as Combas gains additional visibility.

The results speak for themselves: 8 of his top 10 auction results have been hammered since 2017.

Top 10 Best Auction Results for Robert Combas

© Artprice.com

Ranking – Work – Price – Sale (date and place)

1. La bagarre de Zozo (1986) – $220 350 – 04/04/2018, Artcurial, Paris

2. La prise de la Bastille (c. 1989) – $219 200 – 04/04/2018, Desbenoit, Paris

3. Le Roi Soleil (1987) – $212 500 – 03/06/2017, Ravenel, Taïwan

4. Il suffit de passer le pont (1992) – $212 400 – 19/03/2019, Sotheby’s Paris

5. Louis XIV (1985) – $207 700 – 28/03/2013, Cornette de Saint Cyr, Paris

6. Le chien à cinq pattes (1987) – $190 500 – 05/06/2018, Artcurial, Paris

7. La charrette des Condamnés (c. 1979) – $190 000 – 04/06/2018, Desbenoit, Paris

8. La gitane amoureuse (1988) – $184 500 – 03/12/2018, Artcurial, Paris

9. Les 4 peluches de l’Ave Maria (1987) – $176 500 – 04/04/2012, Artcurial, Paris

10. Nolon (1987) – $169 500 – 06/12/2017 – Sotheby’s, Paris

With France accounting for 87% of his lots sold, the core of Combas’ market remains French. However, his works are now selling well beyond France and Belgium, having already reached England and even Asia. The American market has so far resisted his prolific painting practice which is reminiscent of Keith Harings.

Robert Combas paintings now sell for somewhere between $15,000 and $200,000, depending on the size of the work, its subject, its provenance, etc. However, many of his works on paper are still accessible for less than $10,000, while his prints and his three-dimensional multiples usually change hands for between $1,000 and $5,000.

In the fall of 2018, the Parisian gallery Laurent Strouk presented his most recent works, created during the previous summer in Sète, a town on France’s Mediterranean coast where Combas lived as a child.

The exhibition entitled Le Théâtre de la Mer showed his latest paintings, but also his latest sculptures, as well as some pieces of furniture (chairs, lamps, rugs). Indeed, Robert Combas has never limited his creativity to any particular medium and has always given free rein to his inspiration… including T-shirts, trousers, guitars and a variety of other formats.

As his latest auction results show, Robert Combas is enjoying a new international visibility. Most of his production is still affordable, but that could soon change. His prices have shown strong long-term growth, +500% since 2000, that has accelerated over the last 24 months.

Copyright ©2019 thierry Ehrmann – www.artprice.com

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Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2019/03/2019-bio-whoswho-thierry-ehrmann.pdf).

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Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications.

For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2018 published last March 2019: https://www.artprice.com/artprice-reports/the-art-market-in-2018

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

About the Artron Group:

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993 by Wan jie, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials.

Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website.”

Artron’s Web: www.Artron.net

Artprice’s Contemporary Art Market Annual Report for 2018 – free access at:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2018

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

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The Contemporary Art Museum The Abode of Chaos

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Artprice: Top 50 artworks sold at auction in 2018

2019/03/27 Commentaires fermés

Artprice and its CEO thierry Ehrmann are proud to present the 50 greatest artworks sold at auction last year. In the first half, Modern Art returned to ‘auction leader’ position with two results above the $100 million threshold.

The Art Market’s principal motivation has always been to seek the exceptional and the rare. The quest for strong sensations is an inherent characteristic of its history and its market: by acquiring an artwork, the collector also acquires an extraordinary history.

Collectors are naturally on the lookout for the right work by the right artist at the right time and at the right price, but they are also looking for a story that they relates to. In spite of these ‘search criteria’, the Art Market posts a global average 30% to 35% unsold rate, a key indicator of the Market’s health.

The inescapable processes of selection – indispensable to the Market’s refinement – are at the heart of the Museum Industry, the growth of which represents a genuine revolution in Art History.

Museums have in effect become the Temples of our 21st century: the number of visitors has multiplied by at least ten over the last 20 years. This represents an outstanding growth rate and it has been accompanied by the development of an entertainment market offering all manner of interactivity, derivatives, virtual visits, etc.

In sum, with the museums, the galleries and the auction houses, art has become a vast domain for leisure, discovery, education and curiosity.

[https://imgpublic.artprice.com/img/wp/sites/11/2019/03/van-gogh-vue-de-l-asile.jpeg]

Vincent VAN GOGH
Vue de l’asile et de la Chapelle St-Paul de Mausole (1889)

Rank Artist Artwork Price ($)
1 Amedeo MODIGLIANI (1884-1920) Nu couché (sur le côté gauche) (1917) 157,159,000
2 Pablo PICASSO (1881-1973) Fillette la corbeille fleurie (1905) 115,000,000
3 Edward HOPPER (1882-1967) Chop Suey (1929) 91,875,000
4 David HOCKNEY (b. 1937) Portrait of an Artist (Pool with Two Figures) (1972) 90,312,500
5 Kasimir MALEVICH (1878-1935) Suprematist Composition (1916) 85,812,500
6 Claude MONET (1840-1926) Nymphéas en fleur (c.1914-1917) 84,687,500
7 Henri MATISSE (1869-1954) Odalisque couchée aux magnolias (1923) 80,750,000
8 Constantin BRANCUSI (1876-1957) La jeune fille sophistiquée (1928) 71,000,000
9 Willem DE KOONING (1904-1997) Woman as Landscape (1954-1955) 68,937,500
10 Pablo PICASSO (1881-1973) Femme au béret et à la robe quadrillée (1937) 68,702,214
11 ZAO Wou-Ki (1921-2013) Juin-Octobre 1985 (1985) 65,204,489
12 SU Shi (1037-1101) Wood and rock 59,206,820
13 Pablo PICASSO (1881-1973) La Dormeuse (1932) 57,829,046
14 Jackson POLLOCK (1912-1956) Composition with Red Strokes (1950) 55,437,500
15 Francis BACON (1909-1992) Study for Portrait (1977) 49,812,500
16 Jean-Michel BASQUIAT (1960-1988) Flexible (1984) 45,315,000
17 PAN Tianshou (1897-1971) View From the Peek (1963) 41,392,525
18 Vincent VAN GOGH (1853-1890) Vue de l’asile et de la Chapelle Saint-Paul de Mausole (1889) 39,687,500
19 Andy WARHOL (1928-1987) Double Elvis [Ferus Type] (1963) 37,000,000
20 Pablo PICASSO (1881-1973) Le repos (1932) 36,920,500
21 Pablo PICASSO (1881-1973) Buste de femme de profil (Femme écrivant) (1932) 35,974,916
22 Mark ROTHKO (1903-1970) Untitled (Rust, Blacks on Plum) (1962) 35,712,500
23 Paul GAUGUIN (1848-1903) La Vague (1888) 35,187,500
24 Jackson POLLOCK (1912-1956) Number 32, 1949 (1949) 34,098,000
25 Georges Pierre SEURAT (1859-1891) La rade de Grandcamp (Le port de Grandcamp) (1885) 34,062,500
26 Claude MONET (1840-1926) La Gare Saint-Lazare, vue extérieure (1877) 32,960,961
27 Claude MONET (1840-1926) Extérieur de la gare Saint-Lazare, effet de soleil (1877) 32,937,500
28 Gerhard RICHTER (b. 1932) Abstraktes Bild (1987) 32,000,000
29 Juan GRIS (1887-1927) La table de musicien (1914) 31,812,500
30 Claude MONET (1840-1926) Le bassin aux nymphéas (1917-1919) 31,812,500
31 Andy WARHOL (1928-1987) Six Self Portraits (1986) 31,414,491
32 Jean-Michel BASQUIAT (1960-1988) Flesh And Spirit (1982/83) 30,711,000
33 Mark ROTHKO (1903-1970) No. 7 (Dark Over Light) (1954) 30,687,500
34 Lucian FREUD (1922-2011) Portrait on a White Cover (2002/03) 29,732,780
35 Pablo PICASSO (1881-1973) La Lampe (1931) 29,562,500
36 David HOCKNEY (b. 1937) Pacific Coast Highway and Santa Monica (1990) 28,453,000
37 Andy WARHOL (1928-1987) Most Wanted Men No. 11, John Joseph H., Jr (1964) 28,437,500
38 Ren MAGRITTE (1898-1967) Le principe du plaisir (1937) 26,830,500
39 Francis BACON (1909-1992) Figure in Movement (1972) 25,918,362
40 Jean-Michel BASQUIAT (1960-1988) Untitled (Pollo Frito) (1982) 25,701,500
41 Pablo PICASSO (1881-1973) Femme dans un fauteuil (Dora Maar) (1942) 25,539,921
42 Egon SCHIELE (1890-1918) Dämmernde stadt (Die kleine stadt ii) (1913) 24,572,500
43 Wassily KANDINSKY (1866-1944) Improvisation auf mahagoni (1910) 24,233,800
44 Richard DIEBENKORN (1922-1993) Ocean Park #126 (1984) 23,937,500
45 ZAO Wou-Ki (1921-2013) Et la terre était sans forme (1956-1957) 23,305,301
46 Wassily KANDINSKY (1866-1944) Zum thema jngstes gericht (1913) 22,879,000
47 Jeff KOONS (b. 1955) Play-Doh (1994-2014) 22,812,500
48 Pablo PICASSO (1881-1973) Le matador (1970) 22,780,091
49 Joan MIRO (1893-1983) Femme dans la nuit (1945) 22,590,000
50 Richard DIEBENKORN (1922-1993) Ocean Park #137 (1985) 22,587,500

Copyright ©2019 thierry Ehrmann – www.artprice.com

Try our services (free demo):

https://www.artprice.com/artist/23640/baishi-qi

Subscribe to our services:

https://www.artprice.com/subscription

About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2019/03/2019-bio-whoswho-thierry-ehrmann.pdf).

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications.

For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2018 published last March 2019: https://www.artprice.com/artprice-reports/the-art-market-in-2018

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

About the Artron Group:

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993 by Wan jie, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials.

Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website.”

Artron’s Web: www.Artron.net

Artprice’s Contemporary Art Market Annual Report for 2018 – free access at:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2018

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom 3.9 million subscribers

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos: https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos

https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 3.6 million subscribers

Contact: ir@artprice.com

Artprice and Artron are adapting their 2019 strategy to the Art Market dimension of China’s Belt and Road Initiative (BRI) that will be presented by President Xi Jinping this week in France.

2019/03/21 Commentaires fermés

As part of China’s Presidential visit to Europe this week, Mr Xi Jinping will be in France to promote China’s New Sild Road over-arching development strategy known officially as “One Belt, One Road” (OBOR) or the “Belt and Road Initiative” (the BRI).

The Belt and Road Initiative covers approximately 65 countries in Asia and Europe, for a total estimated cost of 55% of global GDP. It involves 70% of the global population – 4.4 billion people – and 75% of the world’s energy reserves, with the total estimated investment period spanning 30 to 35 years for all the projects to be completed.

Belt and Road Initiative (BRI) Artprice - Artron - Art Market

Belt and Road Initiative (BRI) Artprice – Artron – Art Market

The estimated cost of the first projects stands around 900 billion dollars, for which China is said to consider loans that could amount to 8 trillion dollars, for the future infrastructures in the different countries along the new Silk Road.

In his editorial for the 21th Global Art Market Annual Report co-published by Artprice and Artron last week, Mr Wan Jie, Chairman of Artron Group, Artprice’s Chinese Institutional partner, stated: “This growth (of the art market) over time, like that of Artron’s partnership with Artprice, will continue to accelerate as we integrate our resources, optimize our data, upgrade our Internet technology and diversify our business cooperation models. The result will be a New Silk Road connecting the different art worlds and the markets of the East and the West.”

In his speech during celebrations marking China’s 40 years of reform and economic opening, President Xi Jinping, announced new measures to strengthen China’s domestic market, measures that Artprice and Artron have immediately incorporated.

In order to best meet the requirements of China’s huge domestic market and take full advantage of its economic potential, Artprice has agreed with Artron to further deepen its role in China via the creation and implementation, by the Artron group, of a payment platform as well as various Chinese infrastructures in order to adapt to the new measures announced in February 2019.

In this context, Artprice, with Artron, will launch its official campaign with a new Chinese brand name and a new baseline in Chinese that will be communicated to the market before the end of March. This originally unplanned initiative – in compliance with the 2019 Chinese measures announced last month and effectively leading to a ‘new strategy’ – has slightly postponed Artprice’s initial targets, which otherwise remain unchanged.

thierry Ehrmann: By becoming a Chinese brand for China – taking into account the specific tastes of Chinese art lovers, collectors and professionals – Artprice is blending into the history and daily life of China’s thousand-year-old culture, thereby boosting its notoriety and its sales turnover more quickly”.

More than ever, one of Artprice’s primary objectives is to meet the needs of China’s administration and its 34 provinces. This notably includes the requirements of China’s customs services in setting up an operational tax base for artworks (where applicable).

Besides these initiatives concerning China’s domestic market, Artprice has become a member of the New Franco-Chinese Institute of Lyons (launched in 1921). Created at the initiative of the City of Lyons, the Lyons Chamber of Commerce and the ADERLY, the New Franco-Chinese Institute of Lyons has already brought together many institutional and private partners like Groupe SEB, EDF and the Bank Of China and it defines itself, among other things, as a networking facilitator for contacts at the highest levels in France and China.

The mission of this Institute is the international promotion of France and the economic attractiveness of the Lyons region by promoting the economic advantages of Lyons in China and encouraging Chinese investment in the Rhône-Alpes region.

It is perfectly logical that Artprice should join the New Franco-Chinese Institute of Lyons because Lyons is historically one of the historical final destinations of Silk Roads since the Renaissance. Lyons is also the most visited French city by Chinese leaders.

Moreover, after launching the project for an “Economic corridor traversing countries crossed by the old Silk Road” in 2013, President Xi Jinping made an official visit to Lyons in 2014. Indeed, the New Franco-Chinese Institute of Lyons is born precisely in this context and it intends – with its historical connections (since 1921) – to give new impetus to the future of relations between Lyons and China, an impetus that Artprice fully endorses.

Copyright ©2019 thierry Ehrmann – www.artprice.com

Try our services (free demo):

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About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2019/03/2019-bio-whoswho-thierry-ehrmann.pdf).

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications.

For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2018 published last March 2019: https://www.artprice.com/artprice-reports/the-art-market-in-2018

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

About the Artron Group:

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993 by Wan jie, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials.

Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website.”

Artron’s Web: www.Artron.net

Artprice’s Contemporary Art Market Annual Report for 2017 – free access at:

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

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https://www.facebook.com/artpricedotcom 3.8 million subscribers

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos: https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos

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3.6 million subscribers

Contact: ir@artprice.com

 

Artprice et Artron adaptent leur stratégie 2019 pour la Nouvelle Route de la Soie du Marché de l’Art dans le cadre des Nouvelles Routes de la Soie « One Belt, One Road » présentées par le Président Xi Jinping cette semaine en France.

2019/03/18 Commentaires fermés

Le Président Chinois Xi Jinping sera cette semaine en Europe et notamment en France pour défendre les Nouvelles Routes de la Soie « One Belt, One Road » (OBOR) ou « Belt and Road Initiative » (BRI).

En effet, l’initiative de « la ceinture et de la route » englobe près de 65 pays asiatiques et européens, représentant près de 55 % du PIB mondial, 70 % de la population mondiale – 4,4 milliards d’habitants –, 75 % des réserves énergétiques mondiales, pour une durée d’investissement pour l’ensemble des projets d’environ trente à trente-cinq ans. Le coût estimé des premiers projets est de l’ordre de 900 milliards de dollars et on évoque des prêts, de la part de la Chine, pouvant atteindre 8 trillions de dollars pour les infrastructures à venir dans les différents pays traversés.

Belt and Road Initiative (BRI) Artprice - Artron - Art Market

Belt and Road Initiative (BRI) Artprice – Artron – Art Market

Wan Jie, Président du Groupe Artron et partenaire d’Artprice, dans son édito concernant le 21ème Rapport mondial du Marché de l’Art co-édité par les deux groupes la semaine dernière, écrit: « Cette progression au fil du temps, tout comme le partenariat entre Artron et Artprice, ne cessera de se surpasser grâce à l’intégration des ressources, à l’optimisation des données, à la mise à niveau de la technologie Internet et à la diversification des modèles de coopération commerciale. Le résultat final ? Une Nouvelle Route de la Soie reliant les Mondes de l’Art et les marchés de l’Est et de l’Ouest. »

Le Président Xi Jinping, lors du discours pour la célébration des 40 ans de réforme et d’ouverture de la Chine, a annoncé de nouvelles directives notamment pour le renforcement du marché intérieur chinois qu’Artprice et Artron ont immédiatement intégrées.

Artprice, pour épouser de manière optimale l’énorme marché intérieur chinois et en saisir le potentiel économique, adapte avec Artron le renforcement de sa feuille de route avec la création et mise en production par le groupe Artron d’une plateforme de paiement et infrastructures sino-chinoises pour répondre aux nouvelles directives de février 2019.

Dans ce cadre, Artprice va démarrer avec Artron sa campagne officielle avec un nouveau nom et marque chinois avec une nouvelle baseline en chinois qui seront communiqués au marché avant la fin du mois de mars. Cette mise en conformité imprévue des directives chinoises 2019 amenant à cette nouvelle stratégie décale quelque peu les objectifs d’Artprice qui restent inchangés.

thierry Ehrmann : « Artprice, en devenant pour la Chine une marque chinoise, prenant en compte la sensibilité spécifique des amateurs, collectionneurs et professionnels de l’Art chinois, Artprice s’intègre dans l’Histoire et le quotidien de la culture chinoise millénaire, pour ainsi accroître plus rapidement sa notoriété et son chiffre d’affaires ».

Plus que jamais l’un des principaux objectifs d’Artprice est en effet de répondre aux besoins de l’administration chinoise des 34 provinces ainsi que ceux des douanes pour délivrer l’assiette fiscale des œuvres d’art sur lesquelles les taux s’appliquent.

Par ailleurs, Artprice devient membre du Nouvel Institut Franco-Chinois de Lyon lancé en 1921. Créé à l’initiative de la Métropole de Lyon, de la Chambre de Commerce de Lyon et de l’ADERLY, Le Nouvel Institut Franco-Chinois de Lyon a déjà rassemblé de nombreux partenaires institutionnels et privés, comme le Groupe SEB, EDF, Bank Of China… et se définit, entre autres, comme la mise en réseau facilitant les contacts aux plus hauts niveaux tant en France qu’en Chine.

La mission de cet Institut est d’assurer la promotion internationale du territoire et de l’attractivité économique de la région lyonnaise en valorisant le tissu économique lyonnais en Chine et à l’accueil des investissements chinois en région Rhône-Alpes.

C’est fort logiquement qu’Artprice devient membre du Nouvel Institut Franco-Chinois de Lyon car Lyon est historiquement l’un des points d’aboutissement historique des Routes de la Soie depuis la Renaissance. Lyon est d’ailleurs la ville française la plus visitée par les dirigeants chinois.

D’autre part, il faut se souvenir de la visite officielle à Lyon du Président Xi Jinping en 2014 après avoir lancé en 2013 le projet d’un « Couloir économique des pays traversés par l’ancienne Route de la Soie ». C’est dans ce contexte que naît le Nouvel Institut Franco-Chinois de Lyon qui entend, fort d’un passé exceptionnel (1921), donner une impulsion nouvelle à l’avenir des relations entre Lyon et la Chine, dans lequel Artprice s’inscrit naturellement.

Copyright 1987-2019 thierry Ehrmann www.artprice.com

En savoir plus sur nos services avec l’artiste gratuit :

https://fr.artprice.com/artiste/23640/baishi-qi

Nos services :

https://fr.artprice.com/subscription

Au sujet d’Artron :

Artprice couvre le monde entier et notamment la Chine avec son fidèle partenaire institutionnel Artron Art Group (Artron) fondé en 1993 et présidé par son Fondateur Mr Wan Jie qui est le plus grand imprimeur de livres d’art au monde, avec plus de 60 000 livres et catalogues de ventes aux enchères et un volume de publications total de 300 millions par an.

Artron.Net est la marque la plus respectée du monde de l’art chinois. Artron.Net compte plus de 3 millions de membres professionnels dans le secteur des arts et 15 millions de visites quotidiennes en moyenne, ce qui en fait le premier site Web d’art mondial.

A propos d’Artprice :

Artprice est cotée sur Eurolist by Euronext Paris, SRD long only et Euroclear : 7478 – Bloomberg : PRC – Reuters : ARTF.

Découvrir Artprice en vidéo : https://fr.artprice.com/video

Artprice fut fondée en 1997 par thierry Ehrmann qui est son PDG. Artprice est auto-contrôlée par le Groupe Serveur créé en 1987. Voir biographie certifiée de Who’s who © :
https://imgpublic.artprice.com/img/wp/sites/11/2019/03/2019-bio-whoswho-thierry-ehrmann.pdf

Artprice est le Leader mondial des banques de données sur la cotation et les indices de l’Art avec plus de 30 millions d’indices et résultats de ventes couvrant plus de 700 000 Artistes. Artprice Images® permet un accès illimité au plus grand fonds du Marché de l’Art au monde, bibliothèque constituée de 126 millions d’images ou gravures d’oeuvres d’Art de 1700 à nos jours commentées par ses historiens.

Artprice enrichit en permanence ses banques de données en provenance de 6300 Maisons de Ventes et publie en continu les tendances du Marché de l’Art pour les principales agences et 7200 titres de presse dans le monde. Artprice met à la disposition de ses 4,5 millions de membres (members log in), les annonces déposées par ses Membres, qui constituent désormais la première Place de Marché Normalisée® mondiale pour acheter et vendre des oeuvres d’Art à prix fixe ou aux enchères (enchères réglementées par les alinéas 2 et 3 de l’article L 321.3 du Code du Commerce).

Artprice, labellisée par le BPI pour la deuxième fois en novembre 2018, développe son projet de Blockchain sur le Marché de l’Art.

Le Rapport Annuel Artprice du Marché de l’Art mondial 2018 publié en mars 2019 : https://fr.artprice.com/artprice-reports/le-marche-de-lart-en-2018

Le Rapport du Marché de l’Art Contemporain 2018 d’Artprice :
https://fr.artprice.com/artprice-reports/le-marche-de-lart-contemporain-2018

Sommaire des communiqués d’Artprice :

http://serveur.serveur.com/press_release/pressreleasefr.htm

https://twitter.com/artpricedotcom

Suivre en temps réel toute l’actualité du Marché de l’Art avec Artprice sur Facebook et Twitter :

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Découvrir l’alchimie et l’univers d’Artprice http://web.artprice.com/video dont le siège social est le célèbre Musée d’art contemporain Abode of Chaos dixit The New York Times / La Demeure du Chaos: https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013

https://vimeo.com/124643720

Musée d’Art Contemporain siège social d’Artprice :

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(3,5 millions d’abonnés)

Contact ir@artprice.com

Artprice’s 2018 Annual Art Market Report: record number of global Fine Art auction transactions since 1945 and greater buyer selectivity…

2019/03/12 Commentaires fermés

Fruit of the alliance between Artprice, world leader in Art Market information (founded and directed by thierry Ehrmann), and Artron, its powerful Chinese institutional partner (directed by Wan Jie), our 21st Annual Art Market Report* allows a truly balanced perspective of the global market that covers both the West and the East.

thierry Ehrmann: “By pooling their resources, the two entities can analyse the global Art Market in unprecedented detail, highlighting the intense competition driving the market’s global growth and its overall impact. No other organisation is currently capable of producing such high quality macro- and micro-economic metadata generated by Big Data and AI algorithms”.

WAN Jie - Artron / thierry Ehrmann - Artprice

WAN Jie – Artron / thierry Ehrmann – Artprice

The report includes Artprice’s now famous ranking of the world’s 500 most powerful artists, the Top-100 auction results of the year, information regarding our Artprice100® index now used in trading rooms, analyses by country and by capital, analyses by creative periods and by artistic media… and a selection of Artprice market indices.

Its 18 key chapters provide an uncompromising and unprecedented analysis of today’s global Art Market. The Report can be downloaded in pdf format, free of charge, at Artprice.com.

This 21st Annual Report* on the Global Art Market is distributed exclusively worldwide by Artprice and Cision, who have together set up the world’s first press agency dedicated to Art Market news and information – Artpress agency® – an area in which Artprice is world leader.

See Cision’s press release to the NYSE https://www.prnewswire.com/news-releases/artprice-and-cision-enter-distribution-partnership-300770437.html?=prn )

For 120 years Cision (PR Newswire) has been building a global news and information dissemination platform. Today that platform is used by more than 100,000 major clients in the financial sphere and it reaches approximately 1.8 billion people. With its database of 1.6 million journalists and media across 5 continents, Cision is the world’s leading provider of software for the management of public & press relations and the identification of influencers and key media.

Read our 21st Annual Report* on the Global Art Market for free at:

https://www.artprice.com/artprice-reports/the-art-market-in-2018

*Public sales of Fine Art: painting, sculpture, drawing, photography, prints, installations. Period analysed: 1 January 2018 – 31 December 2018

The Art Market enters a new era on the back of excellent growth

General synopsis

Global Fine Art auction turnover reached $15.48 billion over the twelve months of 2018

538,000 artworks changed hands at auction in 2018: an absolute record since 1945

Global turnover was up +4%, for a third consecutive year of expansion

David Hockney became the world’s most valued living artist (with a result of $79.77 million)

Jenny Saville became the world’s most valued living female artist ($12.49 million)

The unsold rate remained stable at 36% in the West

In China, the unsold rate dropped significantly by 14 points

The Artprice100© index of blue-chip artists showed a +4.3% progression

Soft Power

The US (up +18%) and the United Kingdom (up +12%) drove Western growth

The US was again the world’s leading market with $5.8 billion (37.9% of global turnover)

China is in second place with $4.5 billion

France was 4th with 4.5% of global turnover ($694 million), down 10% vs. 2017

Christie’s remained the world’s leading Fine Art auction operator, with $5 billion, ahead of Sotheby’s with $3.9 billion

In China, Poly Auction ($654 million) outperformed China Guardian ($606 million)

Phillips ranked 4th in the global ranking of Fine Art auction operators with $653 million

Christie’s (up +13%), Sotheby’s (up +16%) and Phillips (up +39%) all posted progressions

In Europe, the German auctioneer Dorotheum posted $79 million and the French company Artcurial posted $76 million

Trends

· Modern Art dominates the high-end market with 8 of the Top-10 results

· 159 European artists ranked in the Top 500, versus 153 Asian and 93 North American

· Abstract art reached new heights with Malevich, Zao Wou-Ki, Soulages, Motherwell, etc.

· African American Art in the spotlight with Kerry James Marshall (# 67) and N.A. Crosby (# 426)

· Female artists in vogue with records for Joan Mitchell, Cecily Brown, Jenny Saville, etc.

Financial returns

· Repeat sales* generated an average annual return ranging from +6.2% to +8.2%

· Works bought from $200,000 to $1 million generate the highest annual return: + 8.2%

*The same work bought at auction and resold at auction during 2018

Artprice100© “The Wolves of Wall Street at the gates of the Art Market

The Artprice100® index shows an increase of +380% since 2000

Or an annual average return of +8.6%

Eight artists changes in our Artprice100® index between fiscal year 2017 and 2018

In 2000, only 1 Chinese artist (Zhang Daqian) qualified for inclusion in our Artprice100® index compared with 16 in 2017

An efficient, liquid and transparent Art Market, similar to a financial market.

In a world where many Western countries now post quarterly economic growth rates well below 1%, the Art Market has once again confirmed its efficiency, liquidity and transparency… just like a financial market.

In 2000, the global Art Market posted a global auction turnover of $3.2 billion. In 2018, the figure was $15.48 billion, up 380% versus 2000.

The strength of the Art Market is related to its unparalleled level of selectivity over the past twelve years, very much in line with Artprice’s dictum “Buy the right work, from the right period, with a good story, by the right artist, at the right time.

The formula is simple but exceptionally efficient and explains the Western market’s almost “perfect” unsold rate of 36%.

Let’s not forget that the unsold rate has acted as a key benchmark for 120 years, indicating whether the market is in speculative mode (unsold rate under 20%) or in free fall (above 60%). According to the famous Art Market sociologist, Raymonde Moulin, 36% is the right balance.

A spectacular increase in transactions with 538,000 works sold in 2018, an absolute record since 1945, despite the relative torpidity of the global economy.

Driven by a healthy combination of investment logic, speculative buying, passionate collecting and insatiable demand for major signatures to ‘populate’ the world’s new museums, the global Art Market posted a dynamic level of activity in 2018 with 538,000 transactions, the highest annual figure since 1945, despite the relative stagnation of the global economy.

2018’s global auction turnover total was very impressive with an overall figure of $15.48 billion.

The drivers of this growth are ease of access to Art Market information, electronic sales (98% of the market’s participants are connected to the Internet), the financialization of the market, a growing population of ever-younger art consumers (from 500,000 in the 1950’s to 120 million in 2018) and the extension of the market to the entire Asia/Pacific area plus India, South Africa, the Middle East and South America.

A global economic reality in the 21st century, the museum industry® is driving the Art Market.

The growth of the museum industry is also playing a crucial role. With more than 700 new museums opening every year, the museum industry has become a global economic reality in the 21st Century. More museums opened between 2000 and 2014 than in the previous two centuries.

This demand for museum-quality works is one of the key factors in the spectacular growth of the Art Market which is now a mature and liquid market offering returns of 8% per year on works purchased over $200,000.

In 2018, 26.2% of our Top 500 global artists are Chinese, illustrating the power of China vis-à-vis the United States which only account for 17.4% of the Top 500 artists.

Similarly, in 2018 Chinese artists accounted for 26.2% of the artists in our Top 500 ranking illustrating China’s strength vis-à-vis the United States, which account for just 17.4%. Apart from American and Chinese artists, Europeans account for 45.4% of the Top 500 artists and other nationalities account for 11%, including Africans (1.2%), Latin Americans (1.6%) and Asians from outside China (6.6%).

In view of these macro and micro-economic data, the Art Market has successfully functioned for 19 years as a safe haven against economic and financial crises, with consistent and recurring returns.

The Artprice100® index (an all-periods global index for Old Master, Modern and Contemporary Art) shows a +380% increase since 2000.

In a context where central banks, particularly the ECB, are implementing close to zero or negative interest rates, the Art Market has enjoyed insolent health with our new Artprice100® index showing a progression of +380% since 2000. These returns are not limited to big name artists.

Our analyses show that the average annual return on artworks purchased above the $20,000 threshold is around +5.5%.

Of the world’s 6,300 auction houses, 98% are today present on the Internet (versus just 3% in 2005).

The Internet (Microsoft estimates over 5.3 billion people are connected worldwide) has now become the principal and definitive forum for auction operators worldwide and they are using it to consolidate their market shares on all continents.

The Art Market is fully dematerializing with Blockchain, but also with 5G becoming reality in 2019.

The Art Market will be impacted by Blockchain, a technology that Artprice has already adopted. However, before that reality becomes generalised, 5G (latest generation of cellular mobile communications) represents a major technical revolution via its universal connectivity, and particularly via the connection of objects and machines, which Artprice and its partner Artron are experimenting in Beijing.

In fact, the 5G that is being implemented this year in the US and in Europe has existed for two years in China. The powerful alliance between Artprice and Artron has enabled beta testing of a multitude of key art market services and industrial processes that were unimaginable under 4G.

The Art Market is an efficient, historic and global market with a capacity to withstand economic and geopolitical crises that is now beyond any doubt. Over the last 18 years, it has outperformed the world’s principal investment markets by a considerable margin.

Copyright ©2019 thierry Ehrmann – www.artprice.com

Try our services (free demo):

https://www.artprice.com/artist/23640/baishi-qi

Subscribe to our services:

https://www.artprice.com/subscription

About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2019/03/2019-bio-whoswho-thierry-ehrmann.pdf).

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications.

For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2018 published last March 2019: https://www.artprice.com/artprice-reports/the-art-market-in-2018

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

About the Artron Group:

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993 by Wan jie, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials.

Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website.”

Artron’s Web: www.Artron.net

Artprice’s Contemporary Art Market Annual Report for 2017 – free access at:

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom 3.8 million subscribers

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos: https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos

https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

3.5 million subscribers

Contact: ir@artprice.com

Artprice: Top 20 photographers by 2018 auction turnover

2019/02/14 Commentaires fermés

In our series of art market rankings designed to highlight some of its key trends, this week, artprice take a look at the photography market at auction.

thierry Ehrmann: ”The photography market represents just 1.7% of global Fine Art auction turnover, and 3% of the total number of Fine Art lots sold. But it has very interesting specificities that distinguish it from other Fine Art segments, starting with the fact that it is strongly dominated by Contemporary Art. Somewhat unusually, the figurehead of this market is, this year again, a woman, and an artist at the height of her art… Cindy Sherman”.

Gustave LE GRAY (1820-1884) Boats leaving the port of Le Havre (1856-57)

Gustave LE GRAY (1820-1884)
Boats leaving the port of Le Havre (1856-57)

 

1. Cindy Sherman (1954) – United States

$6,737,871

With 18 lots already auctioned above the $1 million threshold, Cindy Sherman is one of the three unmissable artists in today’s photography market. The prices of her photos have been gradually rising since 2012 and her market is particularly liquid with more than 60 photographs selling at auction per year and an unsold rate of just 20%.

2. Richard Prince (1949) – US

$6,504,718

3. Andreas Gursky (1955) – Germany

$5,147,708

4. Wolfgang Tillmans (1968) – Germany

$4,947,645

Single edition photographs from Tillmans’ series Freischwimmer Einzelgänger and Greifber have been hugely successful over the last two years in auction rooms and now fetch over $600,000. Yet more than 60% of his photos still sell for under $50,000 at auction. Wolfgang Tillmans was discovered by the general public in 2000 after winning the Turner Prize. In 2017, he was offered a retrospective at the Fondation Beyeler in Basel.

5. Irving Penn (1917-2009) – United States

$3,940,908

6. Robert Mapplethorpe (1946-1989) – United States

$3,433,837

7. Hiroshi Sugimoto (1948) – Japan

$3,277,496

While the United States largely dominates the photography market, Germany, Japan and France are still very attached to this medium. Hiroshi Sugimoto has been the most successful Japanese photographer on the secondary market for the last 15 years. His maritime horizons – photographed all over the planet – form his most accomplished works and the works most appreciated by collectors. His major photos, in five editions, today fetch over $300,000.

8. Richard Avedon (1923-2004) – United States

$2,533,905

9. Ansel Easton Adams (1902-1984) – United States

$2,424,772

10. Diane Arbus (1923-1971) – United States

$2,380,129

11. Helmut Newton (1920-2004) – Germany

$2,266,289

Newton is one of the rare major photographers to have hammered an auction record in 2018. The only known print of Panoramic Nude with Gun, Villa d’Este Como (1989) far exceeded Phillips’ estimates in London on 18 May, fetching nearly a million dollars.

12. Peter Beard (1938) – United States

$2,260,378

13. Thomas Ruff (1958) – Germany

$1,517,803

14. Barbara Kruger (1945) – United States

$1,507,283

15. Gerhard Richter (1932) – Germany

$1,507,119

16. Gustave Le Gray (1820-1884) – France

$1,448,561

In 2018 no less than 77 photographs by Gustave Le Gray were auctioned, with a peak price of $225,000. This performance makes Le Gray the most successful 19th century photographer – or, put another way – the photography market’s leading historical figure. However, the prices of his works seem to be contracting. Boats leaving the port of Le Havre (1856-57), which had set a record $1,264,000 on 18 June 2011 at Rouillac (France), was resold for $965,000 on 17 February 2016 at Christie’s in New York.

17. Man Ray (1890-1976) – United States

$1,376,050

The year 2017 gave a substantial boost to Man Ray’s market, notably by setting two successive records for his photographs. First Portrait of a tearful woman (1936) on 17 May 2017 in New York, and then Black and White (1926) on 9 November 2017 in Paris, acquired for $2.2 million and $3.1 million respectively. Although his best works were much rarer in 2018, Man Ray remains a pillar of the photography market.

18. Edward Henry Weston (1886-1958) – United States

$1,353,158

19. László Moholy-Nagy (1895-1946) – Hungary

$1,332,653

20. Robert Frank (1924) – Switzerland

$1,316,356

After experiencing strong price growth just before the 2008 crisis, the value of Robert Franck’s works has slowly stabilized. The price of his photos are still 2.5 times higher on average than 20 years ago, with results regularly exceeding $100,000.

Copyright ©2019 thierry Ehrmann – www.artprice.com

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Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2018/10/bio-2019-whos-who-thierry-ehrmann.pdf ).

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications.

For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2017 published last March 2018: https://www.artprice.com/artprice-reports/the-art-market-in-2017

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

About the Artron Group:

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993 by Wan jie, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials.

Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website.”

Artron’s Web: www.Artron.net

Artprice’s Contemporary Art Market Annual Report for 2017 – free access at: https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2017

Artprice’s press releases:

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Artprice: Artists under forty – Top 10 ranking

2019/02/05 Commentaires fermés

In our fortnightly series of art market rankings designed to highlight some of its key trends, this week, artprice take a look at the new generation of artists emerging on the secondary market. One conclusion stands out above the rest: you don’t have to be over forty to fetch over a million dollars!

thierry Ehrmann: “There are six artists in our ranking of the Top 10 results of the year 2018 for artists aged less than forty. Among them, two have attracted 7 digit results: the young Chinese HAO Liang and the American artist of Nigerian origin Njideka Akunyili CROSBY. They both generated two results above the million-dollar threshold and they are both 35 years old. However, their domination of this ranking comes as no major surprise…”

Rank Artist Hammer Price ($) Artwork Sale
1 Njideka Akunyili CROSBY (1983) 1 ,932 ,500 Mimetic Gestures 2018-05-18 – Christie’s New York
2 HAO Liang (1983) 1, 855 ,061 Shell 2018-09-30 – Sotheby’s Hong Kong
3 Njideka Akunyili CROSBY (1983) 1 ,392 ,500 Untitled 2018-11-16 – Christie’s New York
4 HAO Liang (1983) 1 ,361, 398 The Hunter and the Transformations of Hell 2018-11-24 – Christie’s Wanchai
5 Avery SINGER (1987) 735 ,000 Fellow Travelers, Flaming Creatures 2018-05-16 – Sotheby’s New York
6 JIA Chang (1981) 678, 805 Elephant 2018-06-17 – Poly International Auction Co.,Ltd Pékin
7 Avery SINGER (1987) 591, 000 Untitled (Saturday Night) 2018-11-15 – Sotheby’s New York
8 Avery SINGER (1987) 435 ,000 Flute Soloist 2018-09-25 – Sotheby’s New York
9 Cory ARCANGEL (1978) 399, 000 Photoshop CS… 2018-05-17 – Phillips New York
10 Nate LOWMAN (1979) 350 ,000 Escalade 2018-11-15 – Sotheby’s New York
copyright © 2019 artprice.com

Auction turnover CROSBY vs. HAO

Auction turnover CROSBY vs. HAO

Auction turnover CROSBY vs. HAO

Two young ‘millionaires’

Njideka Crosby has been headline news since 2014 when she was awarded the James Dicke Contemporary Artist Prize by the Smithsonian American Art Museum. On the secondary market, her works have been subject to massive demand since 2016 when her works first appeared… (also the year of her first 7-digit result).

Today, with seven 7-digit results under her belt over two years, she is the clear spearhead of a new generation of African-American artists shaking the auction market.

Her record currently stands at over $3 million for a painting of her sister (The Beautiful Ones) sold in 2017 at Christie’s in London by Peggy Cooper Cafritz, an equal rights activist and a major collector of African-American and African art who died last year. Initially American, demand for Crosby’s work quickly spread to Asia (with the successful sale of Tea Time In New Haven, Enugu for over $900,000 at Christie’s in Hong Kong on 27 May 2017).

Supply is clearly well below current demand: her works are still rare at auction and none has ever failed to sell. The artist, who already had the support of a major gallery through Victoria Miro in London, is now also supported, since last November, by the powerful David Zwirner Gallery in Asia and the United States.

The Chinese art market produced the second ‘millionaire’ young artist of 2018 in the person of Hao Liang who first caught people’s attention in 2014 with a superb auction debut: a silk scroll over 13 meters long titled The Tale of the Clouds that fetched $912,000 at Christie’s in Shanghai.

The year 2018 saw a double auction consecration for this young artist acclaimed by the Asian market, with two new million-plus results, including a $1.8 million record on 30 September in Hong Kong versus a pre-sale estimate of between $400,000 and $600,000. While the market for this prodigy has not yet spread beyond Greater China, his notoriety has already spread across the globe.

Supported by the powerful Gagosian Gallery (which gave him a New York exhibition last spring), the artist is already in the collections of major museums around the world, including the Metropolitan Museum of Art in New York, the Pompidou Center in Paris and the Kadist in San Francisco.

Straw fire or new meteor?

Chinese collectors always support their artists, even when those artists don’t yet have an international reputation.

For proof… our Top 10 ranking also contains an artist about whom almost nothing is known except that he is called Jia Chang, was born in 1981, and that one of his drawings elicited vigorous bidding at the Four Seasons Hotel in Beijing at a sale organized by Poly Auction.

The drawing entitled Elephant (355 x 190 cm) multiplied its pre-sale estimate by five with a final bid of $679,000 on 17 June 2018. A spectacular result that could be a straw fire… or may translate into solid medium-term support.

In a different register, the ranking also highlights the American artist Avery Singer, aged 31, who already has a strong CV after exhibitions at the Fondazione Sandretto Re Rebaudengo (Turin), the Kunsthalle in Zürich, the New Museum in New York and the Hammer Museum In L.A..

Courted by museums and the media, the young artist is seeing her auction prices rocket after a first discreet appearance at Sotheby’s in London in October 2017 and despite two unsold pieces in New York last year. Singer produces surprising large fictional compositions, mainly in black and white, integrating 3D modeling.

Considering the support she is receiving, we can expect further surprises. In 2013, her canvas Fellow Travelers, Flaming Creatures was acquired from New York’s Greene Naftali Gallery for $20,000. In May 2018 the same work fetched $735,000 at Sotheby’s New York.

The buyer was none other than Larry Gagosian.

Copyright ©2019 thierry Ehrmann – www.artprice.com

 

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About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2018/10/bio-2019-whos-who-thierry-ehrmann.pdf ).

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications.

For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2017 published last March 2018: https://www.artprice.com/artprice-reports/the-art-market-in-2017

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

About the Artron Group:

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993 by Wan jie, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials.

Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website.”

Artron’s Web: www.Artron.net

Artprice’s Contemporary Art Market Annual Report for 2017 – free access at: https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2017

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

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Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos:

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Art markets’ visibility: the alliance between Artprice, Artron and Cision

2019/01/11 Commentaires fermés

An obsolescent hegemony and the birth of competition.

By Aude de Kerros.

At the beginning of 2019, the international art market is experiencing an evolution that will likely have a profound impact on the existing global art market system. The event underlying this structural change is an unexpected and unprecedented strategic business alliance between three companies based on the creation and operation of databanks. Two are specialized in the field of art – both with an online sales capacity – and a third (Cision) selects information from the international press and feeds that information to the press and media directly concerned.

The alliance comes at the end of a decade that has seen a technological revolution in communication and a profound change in geopolitical power relations. Moreover, a clivage has emerged between a very high-end mainstream art market with global visibility, the ‘contemporary-international’ art market, and a whole series of ‘local’ markets that present an art considered ‘non-innovative’ that falls outside the sophisticated and intellectualised ‘art world’. It is in this context that a new partnership has been negotiated between Artprice, Artron and Cision.

– The creation of this game-changing triumvirate was triggered by the listed French art info company Artprice, founded and steered by a larger-than-life and non-conformist personality dedicated to the principle of maintaining his liberty and independence. Thierry Ehrmann is the creator of the most comprehensive databank on the global art market, an exhaustive databank that covers both ‘global financial art’ and ‘local non-sophisticated’ arts. The inclusion of the latter field is a mission that the French state has distinctly eschewed (at its own national level), since its archiving work only covers ‘state-recognised’ conceptual/contemporary artists.

Artron is a Chinese institutionnal company founded in 1993 that aims to promote art and creation in China, providing all of the requisite tools to foster a thriving art sector in a country where the auction market was almost non-existent under the communist regime. It has also built up a comprehensive database that includes all currents of Chinese art.

– Cision is a press observer and distributor, headquartered in Chicago, providing tailored relationships with global media outlets to the world’s influencers and communication strategists.

CARTELS AND MONOPOLIES BEWARE!

Thierry Ehrmann is a Robin Hood character with a strong allergy to monopolies and intermediaries which he hounds relentlessly. Over the years he has turned this allergy into a positive mission to release the art world from its economic and intellectual predators. By analysing the data collected in the Artprice databanks he realised that the high-end global art market, referenced in New York, has a hegemonic visibility around the entire globe; a supply market, without real roots and without any real competition. He also realised that the ‘real’ market, a demand driven market, is infinitely larger, but under-developed due to a lack of visibility.

By contrast, the hegemonic market thrives through a highly interconnected international network, sharing common interests, holding fairs, auctions, exhibitions in museums and international galleries. Its business model combines two levels: a market that closely resembles a pure financial market, secured by collectors operating within a closed circuit, and a mass market occupied by derivative arty objects produced industrially in limited series in all prices and formats (from gallery replicas to keyrings and t-shirts). This latter market effectively translates the original works – which often fetch massive sums at auctions – into ‘promotional icons’.

Together (i.e. the high-end plus its low-end sister), this market owes its legitimacy to its profitability and its various different utilities: simultaneously a ‘social’ and a business platform, generating urban events, tourist attractions, fuelling the museum industry etc. The Global Financial Art system, which provides incomes for a lot of people, also benefits from donations (tax-free of course) from patrons, companies, institutions, as well as subsidies from certain states.

For Thierry Ehrmann, this market is built around a cluster of arcane agreements, in its own image

His databanks of objective information give him prime access to the market’s key information and the analytical firepower behind an inspired strategy. He was the first to note that China had become the world’s leading art market as early as 2009, ahead of America. This fact has attracted little comment, with the media pretending it is insignificant. Thierry Ehrmann quickly understood the impossibility of claiming ownership to a planetary databank that did not include data from the Chinese market, which is difficult to access because of the language obstacle and the Internet barrier. This reality inspired Ehrmann to create links with the Chinese agency Artron and, subsequently, to form an official alliance with Artron in September 2018.

As Artprice has already done for the other countries, it is working towards making its art market data accessible to the entire planet. Apart from anything else, this mission involves the translation and documentation of the spellings of proper names that change from one language to another. To make this possible, Artprice needed a unique and exceptional authorization to cross the frontier of the Chinese Internet. The resulting fluidity of information has generated an online commerce of artworks, via WeChat1, across national borders, a platform that the Chinese are familiar with, especially for luxury purchases.

In 2017 Artprice had already anticipated a massive proliferation in the flow of information and a massive expansion of the art market’s clientele by making its data available to the smartphones (much of it free of charge) of anyone interested in art. This evolution is at the very core of a strategy designed to turn the art market into a demand driven online market, without the intervention of intermediaries.

However for a real revolution to take place, raw information is not enough; it also requires analytical tools. This is the need to which Artprice has crucially responded, creating numerous equally accessible indices that allow an understanding of the art market from a variety of different angles.

Understanding the art market is no longer reserved for specialists and experts. In short, it has been demystified.

The last hurdle to jump is that of the existing monopoly on visibility: to do this Ehrmann and his teams have decided to feed global data from the art market to all journalists and media around the world. This new project was initiated by a deal signed on 26 December 2018 between Artprice and the 120-year press mogul Cision to create the world’s first press agency dedicated to the art market: Art Press Agency. The ‘Access-to-Information’ revolution that this deal represents is shaking the foundations of the existing system: the various different art markets, be they supply or demand, global or local, are now all in competition.

FROM A HEGEMONIC ‘GLOBAL’ ART MARKET TO A ‘PLURALISTIC’ ART MARKET COMPETING ON EQUAL TERMS

And so… Artprice’s initiatives, along with Artron and Cision, are founded on the perception and acknowledgement of the ‘real’ global market, one that it is hidden behind today’s highly visible ‘global-financial’ market. Indeed, the Chinese, who currently spend the most on art, make no discrimination between the various artistic currents. They consume ultra high-end art, well above the million-dollar threshold, including conceptual art validated in New York, as well as art created by artists with purely aesthetic concerns in the long tradition of art history (particularly their own). Indeed, the Chinese market is today far more geopolitically representative of the true diversity of art in the world than the New York marketplace.

The ‘global-financial’ art that has established itself as the reference since the collapse of the Soviet Union has lost its power to provoke and surprise, despite its astronomical prices. The idea of ‘global culture and art’ as a historical fatality has been questioned by many countries for a decade. Global Kitsch art now looks like the last metamorphosis of a 20th century utopia that imagined the art of the future as being homogeneous and the same for everyone on the whole planet.

This utopic vision, which appears to have emerged alongside the proclamation of ‘socialist, international and communist realist art’, nowadays appears to be confronted with the latest incarnation of ‘global, international and financial conceptual art’… two sides of the same coin that reduces the world to an economic materialism supposed to explain everything.

(1) Artprice is one of the only Western companies to own a WeChat site (WeChat is reserved for companies operating under Chinese law) that reaches more than 1.8 billion Chinese Internet users worldwide.

See article (French only) on contrepoints.org: https://www.contrepoints.org/2019/01/10/334255-__trashed-5

Try our services (free demo): https://www.artprice.com/artist/23640/baishi-qi

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About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2018/10/bio-2019-whos-who-thierry-ehrmann.pdf ).

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2017 published last March 2018: https://www.artprice.com/artprice-reports/the-art-market-in-2017

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

About the Artron Group:

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993 by Wan jie, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials. Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website.”

Artron’s Web: www.Artron.net

Artprice’s Contemporary Art Market Annual Report for 2017 – free access at: https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2017

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom 3.4 million subscribers

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos:

http://goo.gl/zJssd

https://vimeo.com/124643720

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Artprice: the Top 20 female artists in the global Art Market during 2018

2019/01/07 Commentaires fermés

Artprice: the Top 20 female artists in the global Art Market during 2018

Although women account for half of the world’s population (and therefore half of the world’s intelligence, sensitivity and inspiration…), they are still substantially under-represented on the global Art Market. Looking back, women did not become a regular part of art history’s narrative until the end of the 19th century. However, today’s secondary art market is still largely dominated by men.

According to Artprice’s founder/CEO thierry Ehrmann, “the generation now imposing itself on the secondary market – that of artists under 40 – is fortunately closing the gender gap”. In 2018, the Top 5 artists (by auction turnover) born after 1978 include three women. This highly symbolic transformation of the market is being accompanied by an increasing recognition of major female signatures who are gradually being admitted into the Pantheon of the high-end Art Market, with big-number results in auction rooms.

Top 20 Female Artists by Auction Turnover in 2018

© Artprice.com

1. Yayoi Kusama (1929-)

Auction turnover: $102,532,176

The top selling female artist in the global Art Market – all periods of creation combined – is none other than an 89-year-old Japanese woman who has spent 40 years living in a psychiatric hospital. A key figure in 20th-century art with her obsessive creative practices, Yayoi Kusama’s work is in many respects close to Art Brut.

Moreover, this is the fourth consecutive year in which Kusama has generated the highest annual auction turnover for a female artist in the world. In 2018, twenty-one of her works fetched sums above the million-dollar threshold worldwide: fifteen in Hong Kong, three in New York, two in London and one in Seoul.

2. Joan Mitchell (1926-1992)

Auction turnover: $83,925,120

On 1 May 2018 the David Zwirner Gallery announced publicly that it now has exclusive representation rights with the Joan Mitchell Foundation. A first solo exhibition of the artist is scheduled in New York in 2019, but the Market has already reacted very positively. On 17 May 2018, her Blueberry (1969) buried its estimate of $5-7 million when it fetched $16.6 million at Christie’s in New York, setting a new auction record for the American artist.

3. Georgia O’Keeffe (1887-1986)

Auction turnover: $66,666,700

4. Cecily Brown (1969-)

Auction turnover: $32,480,908

Following a remarkable performance in 2017, the English artist Cecily Brown emerged as one of the major figures of the Contemporary Art Market in 2018. On 16 May, her painting Suddenly Last Summer (1999) fetched $6,776,200 at Sotheby’s New York, setting an impressive new record. The canvas, originally acquired from the Gagosian in 2000, was sold in May 2010 for $1,082,500, at Sotheby’s New York. Since then its value has multiplied by six in just eight years.

5. Louise Bourgeois (1911-2010)

Auction turnover: $24,616,761

6. Barbara Hepworth (1903-1975)

Auction turnover: $19,947,414

7. Agnes Martin (1912-2004)

Auction turnover: $17,208,649

8. Tamara De Lempicka (1898-1980)

Auction turnover: $16,382,986

9. Jenny Saville (1970-)

Auction turnover: $13,225,583

British artists are definitely in vogue on the Art Market. Jenny Saville (known for her participation in the Young British Artists movement) is today the most expensive living female artist in the world. A few months after David Hockney earned the same title in the male artists category, Saville saw her Propped (1992) acquired for $12.5 million at Sotheby’s in London. The price of her works has a lot to do with scarcity of supply: only 41 paintings by Jenny Saville have been auctioned in 20 years.

10. Mary CASSATT (1844-1926)

Auction turnover: $10,317,602

11. Maria Elena VIEIRA DA SILVA (1908-1992)

Auction turnover: $7,707,244

12. Bridget RILEY (1931-)

Auction turnover: $7,103,990

13. Camille CLAUDEL (1864-1943)

Auction turnover: $6,996,741

14. Cindy SHERMAN (1954-)

Auction turnover: $6,755,382

15. Elizabeth PEYTON (1965-)

Auction turnover: $6,123,286

16. Elisabeth FRINK (1930-1993)

Auction turnover: $4,390,860

17. Christine AY TJOE (1973-)

Auction turnover: $3,989,020

In 2018 the Indonesian artist Christine Ay Tjoe continued her ascent with 13 lots sold at auction and no unsolds. Since 2008, her price index has risen +1,200%.

Artprice ‘s price index for Christine Ay Tjoe

Artprice's price index for Christine Ay Tjoe

Artprice’s price index for Christine Ay Tjoe

18. Niki DE SAINT-Phalle (1930-2002)

Auction turnover: $3,966,458

19. Njideka Akunyili CROSBY (1983-)

Auction turnover: $3,868,973

The great revelation of the year 2017, Njideka Akunyili Crosby, has just finished twelve reassuring months on the auction market. Three paintings and a drawing were sold, either within or above the pre-sale estimates. The decline in supply is also good news as it suggests collectors do not expect a drop in her prices. This situation is ideal for the young painter who saw the prices of her paintings rocket after her exhibition at the Victoria Miro gallery in London in October 2016.

20. Louise NEVELSON (1899-1988)

Auction turnover: $3,845,112

 

Try our services (free demo): https://www.artprice.com/artist/23640/baishi-qi

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Copyright ©2019 thierry Ehrmann – www.artprice.com

 

About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2018/10/bio-2019-whos-who-thierry-ehrmann.pdf ).

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2017 published last March 2018: https://www.artprice.com/artprice-reports/the-art-market-in-2017

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

About the Artron Group:

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993 by Wan jie, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials. Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website.”

Artron’s Web: www.Artron.net

Artprice’s Contemporary Art Market Annual Report for 2017 – free access at: https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2017

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom 3.4 million subscribers

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos:

http://goo.gl/zJssd

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos

https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 3.4 million subscribers

Contact: ir@artprice.com

As of today, 1 January 2019, Artprice is accessible to new Chinese customers via Artron.net, the most visited art website in the world.

2019/01/02 Commentaires fermés

The year is beginning in excellent circumstances for Artprice and its shareholders! As planned, Artron, our Chinese institutional partner, has posted the artprice.com logo on the principal home page of its Chinese website artron.net, giving immediate access to our high-end subscriptions.

Artron-Artprice screenshot

Artron-Artprice screenshot

https://zh.artprice.com/artron

Artprice is currently one of the very few Western companies to be accessible from inside China and its gated Internet system.

Artron.net receives more than 5.4 billion visits per year and has 3 million professional members who correspond to Artprice’s primary target clientele.

“We have overcome all the obstacles, and here we are in China! I thank Artron and President Wan Jie who opened the doors for us.” says thierry Ehrmann, Artprice’s founder/CEO.

And from Artron’s side, its founding President Wan Jie says “We share a common vision and a common sense of perfection. Our nine years of cooperation have resulted in a game changer for the history of the global Art Market and we are both looking forward to exceptional economic results in 2019.”

Artprice would like to wish its loyal shareholders a very Happy & Prosperous New Year!

About Artprice:

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2018/10/bio-2019-whos-who-thierry-ehrmann.pdf ).

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2017 published last March 2018: https://www.artprice.com/artprice-reports/the-art-market-in-2017

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

About the Artron Group:

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993 by Wan jie, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials. Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website. Founded in 1993by Wan Jie, the Artron Art Group is celebrating its 25th anniversary this year. It is the first choice for art professionals, investors, collectors and art fans in general wishing to discover and/or participate in the art world or the art market. Founded in 1993, Artron Art Group is celebrating its 25th anniversary this year.”

Artron’s Web: www.Artron.net

Artprice’s Contemporary Art Market Annual Report for 2017 – free access at: https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2017

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom 3.4 million subscribers

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos:

http://goo.gl/zJssd

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos

https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 3.4 million subscribers

Contact: ir@artprice.com

The year 2019 is starting with very positive news for Artprice’s future… and the news takes effect as of 1 January 2019.

2019/01/02 Commentaires fermés

According to thierry Ehrmann Founder and CEO of Artprice: “For multiple reasons, 2019 is commencing with an excellent outlook for Artprice and its loyal shareholders over the last 21 years”.

The first exceptionally positive news is our penetration of the Chinese Art Market with its huge potential to generate new customers for Artprice. This move will substantially boost our sales turnover via the sale of Artprice subscriptions offered in China as of 1 January 2019 via Artron.net, our institutional partner. Artron is widely recognised as the most powerful actor on the Chinese Art Market.

The second positive news is that a week ago Artprice signed a deal with the most powerful press network in the world that will project Artprice’s hot market news to 1.8 billion people on a weekly basis.

This exceptional partnership has been concluded with the world’s leading newswire, Cision (PR NEWSWIRE). Cision’s software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact (see Cision’s official press release Artprice and Cision Enter Distribution Partnership at https://www.prnewswire.com/news-releases/artprice-and-cision-enter-distribution-partnership-300770437.html (Cision is listed on the NYSE, code CISN).

This partnership will allow Artprice to project highly pertinent Art Market News and Information on a weekly basis. Cision’s electronic newswire will communicate all of Artprice’s unique market indices… the Artprice100®, the Artprice Global Index®, the AMCI®, etc… in real time.

By reaching more than 1.8 billion targeted people in 19 languages on 5 continents (representing 90% of the world’s GDP), this move unquestionably strengthens Artprice’s position as World Leader in Art Market Information.

Thanks to this massive news & info distribution agreement, Artprice will project its unique know-how and understanding of the Art Market, reaching new art fans, collectors and professionals whose geographical location previously hindered an economical distribution of the Artprice brand and its databases.

This obstacle has now been eliminated, allowing Artprice to be the ‘glocal’ reference for the Art Market. (‘Glocal’ is a combination of two words: global and local. It is often used to indicate a global marketing strategy with local relays. Hence the dictum “Think global, act local”).

Artprice was the global leader… but there were still a number of ‘local’ economic ‘white zones’.

As of 1 January 2019, Artprice, with its loyal institutional partner Artron, will irrigate the 34 divisions / provinces of the People’s Republic of China with its paid databank content.

With Cision, no territory – whatever the continent – will escape Artprice… now a truly ‘Glocal’ and unique reference for the Art Market.

In short, with Cision, Artprice has become unavoidable at the global level for all matters relating to the Art Market because Cision has the world’s largest and most reliable press release network that can identify key influencers. Art Press Agency® and Artmarket.com is now the world’s leading art press agency dedicated to the Art Market.

About Cision :

Cision Ltd. (NYSE: CISN) is a leading global provider of earned media software and services to public relations and marketing communications professionals. Cision’s software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision has over 4,000 employees with offices in 19 countries throughout the Americas, EMEA, and APAC. For more information about its award-winning products and services, including the Cision Communications Cloud®

About Artprice:

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2018/10/bio-2019-whos-who-thierry-ehrmann.pdf ).

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2017 published last March 2018: https://www.artprice.com/artprice-reports/the-art-market-in-2017

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

About the Artron Group:

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993 by Wan jie, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials. Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website. Founded in 1993by Wan Jie, the Artron Art Group is celebrating its 25th anniversary this year. It is the first choice for art professionals, investors, collectors and art fans in general wishing to discover and/or participate in the art world or the art market. Founded in 1993, Artron Art Group is celebrating its 25th anniversary this year.”

Artron’s Web: www.Artron.net

Artprice’s Contemporary Art Market Annual Report for 2017 – free access at: https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2017

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom 3.4 million subscribers

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos:

http://goo.gl/zJssd

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos

https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 3.4 million subscribers

Contact: ir@artprice.com

Beijing – Art Market: Artprice launches subscriptions via the Artron.net website in China on 1 January 2019

2018/12/19 Commentaires fermés

Beijing – Art Market: Artprice launches subscriptions via the Artron.net website in China on 1 January 2019

Beijing – following the mention of different dates by third parties, Artprice wishes to clarify today, December 18, that the official start date of marketing of Artprice subscriptions in China via our loyal institutional partner Artron (9 years of collaboration) is 1 January 2019 (not a holiday in China).

As of that date, Artprice will appear on Artron.net’s main home page, in next to the Artron logo, (see twitter image – source Artron):
Artprice-Artron

https://twitter.com/artpricedotcom/status/1074943649929138176

Artron.net is the world’s leading art website with 5.4 billion visits per year.

Artprice, which has its own Chinese WeChat account, notes that according to WeChat stats ‘immediate purchase’ amounts debited to the accounts (QR Code) of WeChat users are credited in real time to Artprice’s bank accounts. This is standard practice for the 988 million WeChat users in China.

To fully meet the payment requirements of Chinese Internet users, Artprice also offers an Alipay platform that it has developed, enabling it to reach 1.2 billion users worldwide who generate 300 million transactions per day. (Source Alipay – Alibaba Group)

Alipay is also a real-time payment system platform running on a QR Code system. The seller provides a Qrcode, which the buyer scans with his mobile to accept the transaction. The payment is made instantly and the invoice arrives by email or text message.

On the basis of these payment systems and Artprice’s historic new deal with Artron (with 10 agreements in principle that go way beyond the contract), combined with Artron’s core stats (at December 2018, Artron – the world’s leading art website and leading art book printer – had 3 million professional members with 5.4 billion visits per year), Artprice is anticipating a very substantial growth in sales as of 2019.

As of end January 2019, Artprice will communicate a calculated projection of its sales turnover for 2019.

Over nine years, Artprice has translated hundreds of millions of data from its data banks into Mandarin. The computer ergonomics developed by Artprice specifically for China and for smartphones is designed for mobile Internet (88% of Chinese Internet users). In June 2018, China already had no less than 1.1 billion 4G users (Source INA).

According to thierry Ehrmann, Artprice’s CEO/Founder, “As previously announced, Artron has produced several videos that highlight – beyond our financial and economic collaboration – the “cultural merger” of our two groups. This short video accurately reflects Artron’s vision of Artprice”

https://vimeo.com/305021641

Artprice’s Chairman, thierry Ehrmann, and its senior executives recently returned from several days of intense work at Artron’s headquarters in Beijing where discussions focused on accelerating and implementing, as quickly as possible, all the agreed strategic and commercial initiatives that will inevitably generate very positive results in terms of turnover and the expansion of Artprice’s client base… not to mention shareholder value.

Artron and its Chairman Wan Jie gave the Artprice team an exceptionally respectful, warm and loyal welcome and introduced Artprice to China’s top-level institutional leaders, the country’s principal Art Market players and all of Artron’s 3,500 employees.

These face-to-face introductions are an essential step in Artprice’s bid to fructify the enormous potential of the Chinese market in a fast and optimal manner. In 2018, China accounted for 45% of global online transactions, generating 12 times more online transactions than the United States. China has a huge advantage over the West because it is building its market economy directly on the Internet (Source GEAB / LEAP 2020).

Speaking in front of his senior executives and top management, Wan Jie – at the head his Artron empire and probably the most powerful player in China’s Art Market – reiterated his unfailing personal friendship and loyalty vis-à-vis Artprice’s founder-Chairman, thierry Ehrmann.

This fact deserves emphasis as Chinese custom usually prohibits such ‘departures’ from accepted business protocol.

As China has become the global Art Market’s leading marketplace over the past decade, it naturally represents a fascinating new market for Artprice.

The development of mobile internet in China has been exceptionally fast and in June 2018 the country boasted 1.1 billion 4G users. Thanks to the Chinese government’s Made in China plan, China is currently set to become the world leader in 5G technology (Source INA).

In 2017, China’s digital economy accounted for nearly 33% of national GDP. In this context, the role played by private companies as catalysts of innovation has been clearly identified as crucial to the development and growth of China’s digital economy. In short, China’s key economic and industrial actors are closely associated with the State in the transformation of China into an ‘information society’. Thus, in 2017, China’s digital economy accounted for nearly 33% of national GDP. (source INA).

copyright ©2018 thierry Ehrmann

About the Artron Group:

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials. Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website. Founded in 1993, the Artron Art Group is celebrating its 25th anniversary this year. It is the first choice for art professionals, investors, collectors and art fans in general wishing to discover and/or participate in the art world or the art market. Founded in 1993, Artron Art Group is celebrating its 25th anniversary this year.”

According to the Artron Group and its founder-Chairman Mr. Wan Jie “After 7 years of cooperation, Artron and Artprice have optimised their cooperation regarding the Chinese and Western art markets. The founders and Chairmen of both companies, Mr. Wan Jie and Mr. Thierry Ehrmann, with their enthusiasm for art, will create a Silk Road linking the Chinese and Western art markets on the principle of respect and mutual cooperation. The two groups will build a global, diversified and professional exchange platform in the Art Market, which will ultimately promote the sustainable development of the Global Art Market.

Artron’s Web: www.artron.com.cn; www.artron.net.

Contact: 400-6690-999

About Artprice:

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2018/10/bio-2019-whos-who-thierry-ehrmann.pdf ).

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

12 Oct. 2018: Artprice and Artron have just created an “Art Media Mogul”:
Video: https://vimeo.com/296010836

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label)Artprice’s Global Art Market Annual Report for 2017 published last March 2018: https://www.artprice.com/artprice-reports/the-art-market-in-2017

Artprice’s Contemporary Art Market Annual Report for 2017 – free access at: https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2017

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom & https://plus.google.com/+artpricedotcom/posts

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos:

http://goo.gl/zJssd

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos on Facebook: https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

Contact: ir@artprice.com

Artprice : +4,3 % pour l’Artprice100©, artistes « blue-chips » du Marché de l’Art, dans un contexte économique fragile

2018/12/13 Commentaires fermés

Artprice : +4,3 % pour l’Artprice100©, artistes « blue-chips » du Marché de l’Art, dans un contexte économique fragile

L’indice S&P500 oscille depuis le début de l’année 2018 sans véritablement parvenir à retrouver le chemin de la croissance. Sur les 11 premiers mois, l’indice boursier américain de référence affiche une progression de +2,4 % seulement, qui semble aujourd’hui très fragile et pourrait encore faiblir au cours des prochains jours.

Selon thierry Ehrmann, président fondateur d’Artprice : « Face à cette performance, le Marché de l’Art continue de former une alternative d’investissement toujours plus séduisante. L’indice Artprice100© réalise une hausse de +4,3 % depuis le premier janvier 2018. Sans surprise, il fait bien mieux que le Marché de l’Art dans son ensemble, qui reste une valeur sûre sur le long terme mais présente une baisse de -1,9 % sur l’année 2018. Plus que jamais, les acheteurs se montrent exigeants dans leurs achats d’œuvres d’art. S’ils sont prêts à faire grimper les prix pour les œuvres exceptionnelles, de qualité et de provenance irréprochables, ils n’hésitent pas à en laisser passer beaucoup d’autres. Ce nouveau comportement est profitable aux grandes signatures, sur lesquelles se concentrent toujours plus l’offre ».

Artprice100©, Artprice global comparés avec le S&P 500

Artprice100©, Artprice global comparés avec le S&P 500

(Voir le graphe :
https://imgpublic.artprice.com/img/wp/sites/11/2018/12/2018-artprice100.png)

Principe

Collectionner les oeuvres des artistes les plus performants du Marché de l’Art constitue une stratégie d’investissement simple et systématique, qui vise à bénéficier des rendements du marché haut-de-gamme tout en maîtrisant les risques financiers. Sur base de ce principe, l’Artprice100© a été imaginé comme un portefeuille dédié aux ‘blue chips’ du Marché de l’Art ; autrement dit, un portefeuille représentatif des artistes majeurs dont les œuvres circulent abondamment. Si ce portefeuille peut s’avérer compliqué à réaliser en pratique, il présente des qualités évidentes d’un point de vue théorique. L’Artprice100© se veut un outil comparable aux indices boursiers de référence : S&P500, FTSE100, CAC 40, DAX, NIKKEI 225, etc.

La composition de l’Artprice100© est fixée au 1er janvier de chaque année, afin de refléter l’évolution progressive du Marché de l’Art. Il rassemble les cent artistes les plus performants aux enchères sur les cinq années précédentes, artistes qui répondent de surcroît à un critère essentiel de liquidité : au moins dix œuvres homogènes vendues chaque année. Ainsi, malgré un produit de ventes de 450 m$ l’an dernier, Léonard de Vinci n’intègre pas la composition du portefeuille en 2018 du à la rareté de ses œuvres dans des collections privées. Ce critère de liquidité ne diminue cependant pas en rien la domination des artistes considérés. A eux seuls en effet, les cent artistes formant l’Artprice100© pèsent 73 % du chiffre d’affaires mondial aux enchères en 2018.

L’Artprice100© bénéficie de l’alliance Artprice-Artron son puissant partenaire chinois, qui lui permet une couverture implacable de la Chine.

Composition

Six changements ont été opérés pour l’année 2018, soit deux de plus qu’il y a un an. Ce roulement relativement important (6% de la composition) traduit les rapides ajustements du Marché de l’Art aujourd’hui. La rareté des belles pièces de certains artistes peut expliquer une partie des entrées et des sorties, mais il ne fait pas de doute que l’évolution des préférences des collectionneurs sur le long terme participe aussi à ces changements. Le succès croissant de Tsuguharu Foujita et Günther Uecher auprès des collectionneurs du monde entier laisse présager une place durable pour ces deux signatures dans la composition de l’Artprice100©.

Entrée Sortie
Joseph Albers Francis Bacon
Max Beckmann Lu Yanshao
Giorgio De Chirico Agnes Martin
Tsuguharu Foujita Piet Mondrian
Paul Klee Pan Tianshou
Gunther Uecker Yu Fei’an

Trois artistes chinois (tous les trois actifs pendant la première moitié du Xxème siècle) sortent cette année du portefeuille. Il en reste cependant encore 17 en 2018 parmi les cent artistes les plus performants du marché. Par ailleurs, l’importance de Zao Wou-Ki (3ème dans le classement provisoire 2018, toutes périodes de création confondues) ne cesse de croître sur le Marché de l’Art international.

Picasso reste le poids le plus lourd de la composition (7,4 %), suivi par Warhol (6,7%), Zhang Daqian (4,7%), Qi Baishi (4,1%). Sur le long terme, la constitution de l’Artprice100 révèle par ailleurs un nombre d’artiste vivants en constante augmentation : 17 cette année, contre 12 en 2000. Gerhard Richter est le premier d’entre eux (3,3%).

Le prix des œuvres de Georg Baselitz connaît une augmentation particulièrement remarquable, à commencer par ses dessins qui ont intégré cette année les prestigieuses sessions de jour à Londres et New York. A titre d’exemple, Untitled (Lovers) (2001) a été vendu par Phillips Londres le 9 mars 2018 pour 112 500$. En novembre 2016, la même œuvre avait été acquise pour 32 500$ seulement, chez Veritas à Lisbonne. La valeur de ce dessin a donc plus que triplé en moins de deux ans, bénéficiant – entre autres – d’une bien meilleure visibilité.

Composition Artprice100© en 2018

© Artprice.com

Classement – Artiste – Poids

1 – Pablo PICASSO – 7,4%

2 – Andy WARHOL – 6,7%

3 – ZHANG Daqian – 4,7%

4 – QI Baishi – 4,1%

5 – Claude MONET – 3,7%

6 – Jean-Michel BASQUIAT – 3,6%

7 – Gerhard RICHTER – 3,3%

8 – Alberto GIACOMETTI – 2,4%

9 – FU Baoshi – 2,3%

10 – Cy TWOMBLY – 2,3%

11 – Roy LICHTENSTEIN – 2,2%

12 – ZAO Wou-Ki – 2,1%

13 – Amedeo MODIGLIANI – 2,0%

14 – WU Guanzhong – 1,9%

15 – Lucio FONTANA – 1,7%

16 – LI Keran – 1,7%

17 – Marc CHAGALL – 1,6%

18 – HUANG Binhong – 1,6%

19 – XU Beihong – 1,6%

20 – Alexander CALDER – 1,6%

Découvrez l’intégralité des 100 artistes “blue-chips” du Marché de l’Art pour l’année 2018 sur www.artprice.com

A propos d’Artprice :

Artprice est cotée sur Eurolist by Euronext Paris, SRD long only et Euroclear : 7478 – Bloomberg : PRC – Reuters : ARTF.

Découvrir Artprice en vidéo : https://fr.artprice.com/video

Artprice fut fondée en 1997 par thierry Ehrmann qui est son PDG. Artprice est auto-contrôlée par le Groupe Serveur créé en 1987. Voir biographie certifiée de Who’s who © :

https://imgpublic.artprice.com/img/wp/sites/11/2018/10/bio-2019-whos-who-thierry-ehrmann.pdf

Artprice est le Leader mondial des banques de données sur la cotation et les indices de l’Art avec plus de 30 millions d’indices et résultats de ventes couvrant plus de 700 000 Artistes. Artprice Images® permet un accès illimité au plus grand fonds du Marché de l’Art au monde, bibliothèque constituée de 126 millions d’images ou gravures d’oeuvres d’Art de 1700 à nos jours commentées par ses historiens.

Artprice enrichit en permanence ses banques de données en provenance de 6300 Maisons de Ventes et publie en continu les tendances du Marché de l’Art pour les principales agences et 7200 titres de presse dans le monde. Artprice met à la disposition de ses 4,5 millions de membres (members log in), les annonces déposées par ses Membres, qui constituent désormais la première Place de Marché Normalisée® mondiale pour acheter et vendre des oeuvres d’Art à prix fixe ou aux enchères (enchères réglementées par les alinéas 2 et 3 de l’article L 321.3 du Code du Commerce).

Artprice, labellisée par le BPI pour la deuxième fois en novembre 2018, développe son projet de Blockchain sur le Marché de l’Art.

Bilan S1 2018 Mondial du Marché de l’Art, par Artprice en ligne sur :

https://fr.artprice.com/artprice-reports/bilan-du-marche-de-lart-s1-2018-par-artprice-com

Le Rapport Annuel Artprice du Marché de l’Art mondial 2017 publié en mars 2018 :

https://fr.artprice.com/artprice-reports/le-marche-de-lart-en-2017

Le Rapport du Marché de l’Art Contemporain 2018 d’Artprice :

https://fr.artprice.com/artprice-reports/le-marche-de-lart-contemporain-2018

Sommaire des communiqués d’Artprice :

http://serveur.serveur.com/press_release/pressreleasefr.htm

https://twitter.com/artpricedotcom

Suivre en temps réel toute l’actualité du Marché de l’Art avec Artprice sur Facebook, Google+ Twitter :

https://www.facebook.com/artpricedotcom 3,4 millions d’abonnés

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://plus.google.com/+Artpricedotcom/posts

http://artmarketinsight.wordpress.com/

Découvrir l’alchimie et l’univers d’Artprice http://web.artprice.com/video dont le siège social est le célèbre Musée d’art contemporain Abode of Chaos dixit The New York Times / La Demeure du Chaos: https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013

https://vimeo.com/124643720

Musée d’Art Contemporain siège social d’Artprice :

https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

(3,5 millions d’abonnés)

Contact ir@artprice.com

Beijing: creation of Artprice and Artron teams to conquer the Chinese Art Market, multiply Artprice’s turnover and promote Chinese art in the West.

2018/11/27 Commentaires fermés

Beijing: creation of Artprice and Artron teams to conquer the Chinese Art Market, multiply Artprice’s turnover and promote Chinese art in the West.

Beijing – Artprice’s Chairman, thierry Ehrmann, and its senior executives have just returned from several days of intense work at Artron’s headquarters in Beijing where discussions focused on accelerating and implementing, as quickly as possible, all the agreed strategic and commercial initiatives that will inevitably generate very positive results in terms of turnover and the expansion of Artprice’s client base… not to mention shareholder value.

Artron and its Chairman Mr. Wan Jie gave the Artprice team an exceptionally respectful, warm and loyal welcome and introduced Artprice to China’s top-level institutional leaders, the country’s principal Art Market players and all of Artron’s 3,500 employees.

These face-to-face introductions are an essential step in Artprice’s bid to fructify the enormous potential of the Chinese market in a fast and optimal manner.

In 2018, China accounted for 45% of global online transactions, generating 12 times more online transactions than the United States. China has a huge advantage over the West because it is building its market economy directly on the Internet (Source GEAB / LEAP 2020).

Speaking in front of his senior executives and top management, Mr. Wan Jie – at the head of his Artron empire and probably the most powerful player in China’s Art Market – reiterated his unfailing personal friendship and loyalty vis-à-vis Artprice’s founder-Chairman, thierry Ehrmann.

This fact deserves emphasis as Chinese custom usually prohibits such ‘departures’ from accepted business protocol.

As China has become the global Art Market’s leading marketplace over the past decade – Artprice had been the first to report it in 2009 –, it naturally represents a fascinating new market for Artprice.

China has grand ambitions:

As the French language business weekly Challenges headlined last week: “China, the giant that wants to dominate the World”. China is still accelerating with its “Made in China 2025” plan and its “New Silk Roads”.

As a global company, Artprice made a point to successfully enter the Chinese market, now the last great ‘eldorado’ for any group whose market is global.

According to Artprice’s founding Chairman, thierry Ehrmann, “I appreciated the emergence of China’s global power, its insatiable appetite and its desire for leadership a long time ago! Over the past nine years, Artprice has translated hundreds of millions of data from its proprietary databases into Mandarin. However, observant visitors to our famous head offices (L’Organe Museum of Contemporary Art at the “Abode of Chaos” [dixit The New York Times]) over the past 30 years will have noticed thousands of artworks – including my own sculptures and paintings – directly or indirectly referring to the ancient culture and history of China.”

Unlike many, I am not surprised to see China gradually becoming the world’s leading economic power. Artprice has decided to enter the Chinese market through the front door with a humility that has clearly been lacking in many Western listed companies. Any other strategy would have been a fatal mistake. I therefore wish to reiterate my thanks to Wan Jie, Artron’s Chairman, and all his colleagues for making this open and proper strategy possible after 9 years of close collaboration!”

Thanks to Artron’s expert advice, Artprice fully complies with the specifications of China’s “Great Electronic Wall” and its terms and conditions: Law CL97 (1997) as well as its “Golden Shield” protocol (1998).

In order to comply with law CL97, Artprice spent two years rewriting all its databank code in order to eliminate all US and European corporate source code containing cookies, tags, metadata, backdoor elements (amongst other elements).

Since Monday morning, Artprice is one of the very few Western companies to possess a WeChat profile reserved for companies operating under Chinese law. WeChat is used by more than 1.8 billion Chinese Internet users around the world.

The statistics concerning China are eye-watering: a population of over 1.4 billion people, 5 times that of the United States, a GDP growth of 6.5% this year and, regarding specifically Artprice, a colossal art market with a massive pool of living artists (1 million in China versus 120,000 for the USA and Europe combined) and an almost infinite number of artworks. China’s art market is animated by tens of millions of art buyers, professionals and collectors, many of whom are Artron customers and therefore, going forward, potential customers for Artprice.

The title of Artron’s press release: “Artron and Artprice team up to create the art ‘silk road’”, (the ‘silk road’ notion is massively used by the Chinese State) makes perfect sense. The New Silk Road is part of China’s soft power strategy (OBOR for One Belt, One Road) to conquer the world economically.

China had initiated the project. According to the IMF, the World Bank and the CIA World Factbook, China is the world’s leading economic power in terms of GDP-PPP in 2017. According to CNN, this project encompasses 68 countries representing 4.8 billion people and 62% of global GDP.

Artron is a very powerful company and, for those interested in Art or the Art Market, Artron is completely unavoidable in China. Artron is not only the world’s leading publisher of Fine Art books and auction catalogues (with more than 400 million books/catalogues printed); it is also a major scientific laboratory – with premises in Beijing, Shanghai and Shenzhen – and a technical and scientific knowledge base that easily rivals that of Silicon Valley.

Its scanning processes in virtual reality, augmented reality and mixed reality have reached the very highest level of global sophistication and the company’s scientific and cultural innovation has been rewarded with more than 800 prizes and awards for excellence.

Artron.Net is the most respected brand in the Chinese art world. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website. It is the first choice for art professionals, investors / collectors and art lovers. Founded in 1993, the Artron Art Group is celebrating its 25th anniversary this year.

The involvement of Artron and its Chairman Mr. Wan Jie in Art in China is completely uncontested. Mr. Wan Jie is a ‘protector’ of Beijing’s famous 798 Factory which enjoys global visibility and was visited by Artprice staff.

He is also Vice-Chairman and Founder of the Institute of the famous Forbidden City, where he and thierry Ehrmann visited government offices that are closed to the public during the recent trip to Beijing.

The was also an opportunity for Artprice’s Chairman thierry Ehrmann to see first-hand Mr. Wan Jie’s involvement and support for the protection and diffusion of ancient masterpieces of Chinese art in the Imperial Granaries. These superb works have been “returned to the people” thanks to Artron’s scientific breakthroughs and ultra high-speed Internet which allows these masterpieces of humanity to be contemplated in a virtual reality context, with the support of the Chinese State.

During the trip, the Artprice team met some of China’s world-renowned artists including Fang Lijun (born in 1963) ranked 623/700,000 in 2018 and Zhang Xiaogang (born in 1958) ranked 121/700,000 artists in 2018 in Artprice’s global ranking.

Artprice’s press agency, ArtMarketInsight, together with Artron’s editors, have decided to post around thirty daily dispatches in both Chinese and English aimed at combining information about the Chinese art market with information about the Western art market.

Our various meetings and visits in Beijing left no doubt in our minds as to the power of China, the extraordinary wealth and depth of its history (over 4,000 years), and the country’s incredible advance over the West in terms of technology… a vision and an understanding of China that completely disqualifies the ignorant visions of the Chinese Empire that can still be found in the West to this day.

A geo-cultural analysis is not interested in the percentage of GDP spent on arms, but rather in the depth of the countries’ respective histories and the relative strengths and weaknesses of the protagonist civilizations.

Among its numerous manifestations, China’s ‘soft power’ is also focused on the Art Market. In this context, Artron’s alliance with Artprice is part of Xi Jinping’s “BRI” (belt and road initiative) launched in 2013 (aka the “Silk Road” in Europe). According to CNN, this project encompasses 68 countries representing 4.8 billion people and 62% of global GDP with an investment of close to $8 trillion.

It is therefore a great honour for Artprice to have been chosen by Artron and its Chairman Mr. Wan Jie. Artron appreciates the work conducted by Artprice and has validated its place as World Leader in Art Market Information. That is why Artprice subscriptions will be distributed in China, with a huge potential for new customers. Artprice’s data will contribute to the fluidity of the Chinese and, more broadly, the Asian Art Market, in a context where ‘Greater Asia’ will account for 70% of the global Art Market by 2019.

According to Artron, Artprice’s econometric expertise associated with Artron’s proprietary data will not only provide an extraordinary boost to the fluidity of China’s Art Market (throughout its numerous provinces and autonomous regions), it will also greatly enhance and facilitate the work conducted by the country’s tax, administrative and customs authorities.

According to Artron and its Chairman Mr. Wan Jie, the only legitimate way to approach this colossal mission was to team up with a recognised and globally authoritative third-party certifier like Artprice, as World Leader in Art Market Information.

Never mentioned in the press or identified by economists or sociologists, this massive new market that Artprice is entering is typical of the kind of domestic market that only a central player in China’s Art Market could have been aware of.

China’s Provincial-level administrative divisions are the highest level administrative divisions in the People’s Republic of China. There are 34 such divisions, classified as 23 provinces, 4 municipalities, 5 autonomous regions, and 2 Special Administrative Regions.

Artprice subscriptions sold exclusively by Artron in China will therefore reach directly into the heart of the need identified by Artron within China’s domestic market. Similarly, Artprice will be accessible via Artron.Net’s home page and all the Chinese social networks where Artron is omnipresent.
Artron’s Chairman Mr. Wan Jie has already introduced Artprice to some very promising commercial contacts including the Chairman of China Guardian, China’s first publicly-traded Chinese auction house. China Guardian needs high-end Artprice subscriptions for its VIP customers as well as Artprice’s monthly analyses for its internal operations.

Thanks to Artron’s unique technology in the field of scanning parchments, manuscripts and collection catalogues from the previous century, Artprice will finally be able to offer all its customers extremely high value-added data such as the hundreds of thousands of handwritten notes by Hippolyte Mireur and the various pre-17th century documentary collections that Artprice owns, which are too fragile to be scanned using Western scanning devices.

With this major breakthrough, Artprice will further strengthen its position as World Leader in Art Market Information.

In the context of this extraordinary alliance with Artron and the massive potential for new customers in China, Artprice is anticipating a major boost to its 2019 sales and profits.

For the launch and marketing of its services and databases in China, Artprice will benefit from all of Artron’s logistical resources in terms of communication, via the Internet, as well as the physical world, thanks to its power, its reputation and its innumerable electronic and/or commercial networks throughout Greater Asia.

In this context, Artprice, with the assistance of Artron, has just translated 125 million data into the Chinese currency, the Renmimbi (RMB). Naturally the primary objective of this translation process is to facilitate the purchase of its data by its new Chinese clientele, presented by Artron. This captive clientele is accustomed to using Alipay and WeChat (1.8 billion users), two Chinese instant payment platforms (QR Code in kiosk mode debiting the Chinese customer on behalf of Artprice) that are mandatory for Chinese buyers.

Numerous synergies have already been identified from our joint working sessions and the merging of Artprice/Artron teams with the similar functions. Given the extent of strategic, financial and economic involvement with Artron, Artprice has decided to appoint a Chief Executive responsible for its Chinese and Greater Asia operations, who will reside in Beijing and work closely with Artron’s teams.

The objective of this strategy is to accelerate the numerous initiatives recently engendered by Artprice’s and Artron’s contractual and promissory agreements. This informed decision has been carefully deliberated and enjoys unanimous support within the Group.

This appointment will, notably, make it easier to coordinate Artron’s and Artprice’s joint initiatives.

Artron’s goals are both transparent and unambiguous:

In Mr. Wan Jie’s own words: “The founders and Chairmen of the two companies, thierry Ehrmann and myself – with our enthusiasm for art – will create a Silk Road linking the Chinese and Western art markets on the principle of mutual respect and cooperation”.

The two parties will build a global, diversified and professional exchange platform in the art market that will ultimately promote the sustainable development of the global art market.”

As this platform develops, Artprice’s Standardised Marketplace® will host millions of works by Chinese artists, provided by Artron, generating a massive increase in the number of artworks available online.

Artron’s Founding Chairman, Mr. Wan Jie, immediately understood the commercial interest and wisdom of Artprice’s ownership of the domain names artmarket.com, artmarket.net and artmarket.org, names that naturally and legally capture millions of “Art Market” queries on Google every month.

Artmarket.com, .net and .org therefore represent a decisive advantage in our quest to capture and drive the Global Art Market’s development on the Internet.

According to a bailiff’s report established by the Estelle PONS – Sarah MERGUI licensed court bailiff partnership in Lyon, Artmarket.com is the top result out of 1.82 billion results on Google.com (all languages combined) and therefore represents the best possible vector for Artprice to promote the works of 1 million Chinese artists and their tens of millions of works (already hosted by Artron) in the Western art market.

In view of the radical change in scope anticipated, Artprice is naturally moving towards an IPO of its subsidiary artmarket.com, its Standardized Marketplace®, on a Chinese stock exchange (Shanghai, Hong Kong, Shenzhen …) and not on an Anglo-Saxon exchange as originally planned.

According to thierry Ehrmann, “In 2019 Artprice will begin a new chapter alongside Artron that will trigger tremendous value for the global Art Market and our loyal shareholders. I am particularly pleased that my long-term strategy based on China’s rapid economic emergence will generate such positive results.”

Today I am 56; when I first visited China I was 25. Since then I have spent 30 years patiently studying the Middle Kingdom. Beyond this satisfaction, I have had the immense pleasure of knowing Mr. Wan Jie, a founding Chairman with whom I share the same vision regarding the democratization and promotion of art in the world. In short… Artprice’s long march is about to reach its objectives for its shareholders and for the global art market.

Artron will soon be publishing a documentary-report explaining all the meetings, discussions and agreements between the Artprice and Artron teams in Beijing. It will allow Western viewers to see images of Artron’s ultra-sophisticated scientific processes and appreciate the economic power of Artron in Greater Asia.

About the Artron Group:

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials. Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website. Founded in 1993, the Artron Art Group is celebrating its 25th anniversary this year. It is the first choice for art professionals, investors, collectors and art fans in general wishing to discover and/or participate in the art world or the art market. Founded in 1993, Artron Art Group is celebrating its 25th anniversary this year.”

According to the Artron Group and its founder-Chairman Mr. Wan Jie “After 7 years of cooperation, Artron and Artprice have optimised their cooperation regarding the Chinese and Western art markets. The founders and Chairmen of both companies, Mr. Wan Jie and Mr. Thierry Ehrmann, with their enthusiasm for art, will create a Silk Road linking the Chinese and Western art markets on the principle of respect and mutual cooperation. The two groups will build a global, diversified and professional exchange platform in the Art Market, which will ultimately promote the sustainable development of the Global Art Market.

Artron’s Web: www.artron.com.cn; www.artron.net.

Contact: 400-6690-999

About Artprice:

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2018/10/bio-2019-whos-who-thierry-ehrmann.pdf ).

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

12 Oct. 2018: Artprice and Artron have just created an “Art Media Mogul”:
Video: https://vimeo.com/296010836

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label)Artprice’s Global Art Market Annual Report for 2017 published last March 2018: https://www.artprice.com/artprice-reports/the-art-market-in-2017

Artprice’s Contemporary Art Market Annual Report for 2017 – free access at: https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2017

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom & https://plus.google.com/+artpricedotcom/posts

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos:

http://goo.gl/zJssd

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos on Facebook: https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

Contact: ir@artprice.com

Artprice: imminent nomination of a Chief Executive in China

2018/10/31 Commentaires fermés

Artprice: imminent nomination of a Chief Executive in China

Considering the depth of Artprice’s strategic, capitalistic and economic involvement with Artron, thierry Ehrmann plans to propose to Artprice’s board of directors the nomination of a Chief Executive responsible for its Chinese and Greater Asia operations.

The selected candidate (not a member of the Ehrmann family) has all the confidence of thierry Ehrmann, who remains CEO and Chairman of the Group.

The objective of this strategy is to accelerate the numerous initiatives recently engendered by Artprice’s and Artron’s contractual and promissory agreements. This informed decision has been carefully deliberated and enjoys the unanimous support with the Group.

About Artron:

Artron Art Group (Artron) is a general cultural industry group rooted in the art field and aims to “serve the people with art” by “serving the people’s art”, inherit, enhance, spread and realize values of art, and inherit excellent art and culture and enhance their values in professional art markets; spread values of art and culture and convey the beauty of art to people’s daily lives in public art markets.

As China’s largest comprehensive art service platform, Artron.net delivers four solutions including Smart Archive, Smart Show, Smart Deal and Smart Reading. In addition, upon resources and professional studies of Artron’s art market monitor agency (AMMA) and almost 20 years’ of experience in the field of art, it has established long-term strategic cooperation with governmental bodies such as the Ministry of Culture, cultural institutions such as the Palace Museum, global art universities, internet companies such as Baidu and overseas research institutes.

Artron’s Web: www.artron.com.cnwww.artron.net.

Contact: 400-6690-999

About Artprice:

Founded by thierry Ehrmann (see Who’s who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2018/10/bio-2019-whos-who-thierry-ehrmann.pdf ).

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

12 Oct. 2018: Artprice and Artron have just created an “Art Media Mogul”:
Video: https://vimeo.com/296010836

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label)Artprice’s Global Art Market Annual Report for 2017 published last March 2018: https://www.artprice.com/artprice-reports/the-art-market-in-2017

Artprice’s Contemporary Art Market Annual Report for 2017 – free access at: https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2017

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom & https://plus.google.com/+artpricedotcom/posts

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos:

http://goo.gl/zJssd

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos on Facebook: https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

Contact: ir@artprice.com

Artprice and Artron have just created an “Art Media Mogul”

2018/10/20 Commentaires fermés

Artprice and Artron have just created an “Art Media Mogul”

After seven years of collaboration, cultural exchange and regular trips between China and Europe, the two founders and presidents of Artron and Artprice, WAN Jie and thierry Ehrmann (who are exactly the same age and share the same commitments), share the same vision of the Global Art Market and the same passion for Art within the context of a loyal and mutually respectful friendship.

This long and infallible relationship has allowed both groups to work extremely quickly without cultural barriers to build an “Art Media Mogul”. By analogy, it’s exactly as if Baidu and Google were merging their respective knowledge.

Artron is the world’s largest printer of art books with more than 60,000 books and auction catalogues and a total publication volume of 300 million a year. Artron.net is the most respected brand in the Chinese art world. Artron is celebrating his 25th anniversary. Established in 1993, Artron Art Group celebrates its 25th anniversary this year.

Artprice is the world leader in Art Market Information since 1987 with 4,500,000 members

its databanks with information from 6,300 auctioneers and publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art.

Last Friday, 12 October 2018, at Artprice’s head office in Lyon, France, Artron CEO and founder, WAN Jie, along with his staff, and Artprice CEO and founder, thierry Ehrmann, along with his staff, signed a historic agreement between the two groups.

Official video of the Friday 12 October 2018 signing ceremony and talks about the 10 new development agreements at Artprice’s head office in France:

https://vimeo.com/296010836

Facebook (450k views)
https://www.facebook.com/228501370495445/posts/2201077099904519

Twitter
https://twitter.com/artpricedotcom/status/1053538253192749056

Chinese:

https://vimeo.com/296008906

A series of development agreements in principle (10, soon to be delivered) was discussed and. They go far beyond the exclusive distribution contract allowing for Artprice subscriptions to be marketed through the Chinese Intranet to millions of Chinese art collectors – via Artron Group’s customers – in China.

The scope of the 10 new development agreements discussed on 12 October 2018 will have a structural impact on the Global Art Market and on Art History, according to Art historians, in a way that no-one could have imagined. At the same time, Artprice and Artron are on the verge of an extraordinary evolution during which, from a shareholder perspective, Artprice will change in dimension – economically, financially and historically – as of 2019.

Artron produces all the catalogues of Chinese auction houses and handles the postal or digital mailing of these catalogues to their final customers. It will be possible for Artprice subscriptions, sold exclusively by Artron in China, to directly reach the target audience.

Similarly, Artprice will be featured on the homepage of Artron.Net which, according to many studies, is the most respected brand in the Chinese art world. Artron.net has more than 3 million members and receives more than 9 million online visitors per day (on average) or 270 million visitors per month to their website.

Via Artron, there exists a massive potential demand for Artprice subscriptions, including its unique decision support tools, because these tools allow China’s collectors, art professionals and its museum industry to acquire Western artworks with total assurance that they have complete mastery of all the relevant pricing information, the artist’s background and their ‘economic profile’.

Thanks to Artron’s expert advice, Artprice fully complies with the specifications and conditions of China’s Great Electronic Firewall (Law CL97 (1997) et seq.) and its Golden Shield protocol (1998).

To do so, Artprice has deployed the obligatory Alipay and WeChat Chinese payment platforms (1.8 billion users) for Chinese buyers after developing no less than 54 million pages in Mandarin on its Internet accessible data banks (which took seven years…).

In order to conform to Law CL97, Artprice spent two years rewriting all its data bank code in order to eliminate all US and European corporate source code containing cookies, tags, metadata or backdoor elements (amongst other elements).

In fact, thanks to Artron’s assistance and advice, Artprice has managed to achieve what the GAFA’s have tried on numerous occasions but failed. It has managed to penetrate the core of the Chinese Intranet.

What was discussed on Friday 12 October 2018 far exceeds what was originally planned. It follows on from a summit meeting held in March 2018 in Beijing between Artprice’s and Artron/AMMA’s executive teams, and should broaden the two companies’ Marketplaces.

Artron is the world’s largest printer of art books with more than 60,000 books and auction catalogues and a total publication volume of 300 million.

To understand the power of Artron and its unavoidable position in China, follow the link to this video in English…

http://english.artron.com.cn/about/video/index

Read Artron’s official presentation: http://english.artron.com.cn/about/introduction/index

The exclusive contract for the distribution of Artprice subscriptions to Artron’s customers and the ten new additional agreements in principle can be implemented rapidly on the basis of the two companies’ mutual knowledge resulting from seven years of constant partnership, proving that long-term collaboration, patience and hard work are the keys to success.

In 2018, China accounted for 45% of global online art trade, conducting twelve times more online transactions than the United States. China has a huge advantage over the West because it is building its market economy directly on the Internet. Moreover, no-one doubts that China’s Art Market will account for 70% of the global Art Market as of 2020. Artprice, as the world leader in Art Market information, had to be central to its market. It should not be forgotten that France accounted for 4% of H1 2018 results.

For further information regarding the historical background of relations between Artprice and Artron/AMMA and its economic consequences, please refer to Artprice’s reference documents and, in particular, to its 2017 registration document filed with the AMF (France’s Financial Markets Supervisory Authority) on 1 June 2018 (in accordance with the Article 212-13 of the AMF’s General Regulations) and to Artprice’s Press Releases.

More details, video clips and photos of the signing and accompanying speeches will be online shortly on Artprice’s and Artron’s social networks.

About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

12 Oct. 2018: Artprice and Artron have just created an “Art Media Mogul” :
Video :
https://vimeo.com/296010836

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label)Artprice’s Global Art Market Annual Report for 2017 published last March 2018: https://www.artprice.com/artprice-reports/the-art-market-in-2017

Artprice’s Contemporary Art Market Annual Report for 2017 – free access at: https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2017

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom & https://plus.google.com/+artpricedotcom/posts

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos:

http://goo.gl/zJssd

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos on Facebook: https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

Contact: ir@artprice.com

Artprice: the 45th edition of the fiac! opens in a general climate of optimism, but…

2018/10/18 Commentaires fermés

The 45th edition of the FIAC opens on Wednesday 17 October in a general climate of optimism. Artprice’s 2018 Contemporary Art Market Report reveals growth on a planetary scale, which the International Contemporary Art Fair in Paris and its numerous off shows are hoping will translate into buoyant sales:

Y-o-Y stability for Contemporary Art Market (2017/18 vs. 2016/17)

Global auction turnover rose +19% to a total of $1.9 billion
The number of lots sold increased by +17% with 66,850 adjudications
The global unsold rate remained stable at 39%
The Contemporary Art Price Index gained +18.5%

Artprice‘s 2018 Contemporary Art Market Report is available free of charge at

https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2018

The Global Contemporary Art Market has posted exponential growth over the past 18 years (2017/18 vs. 2000/01)

Global turnover has risen +1,700% from $103 million to $1.9 billion
The number of auction transactions has multiplied 5.5x from 12,300 to 66,850 lots sold.
The top auction price has risen from $5.6 million to $110.5 million (respectively for Jeff Koons and Jean-Michel Basquiat)

Paris to put France back on the world stage

On the new global Art Market, driven essentially by Contemporary Art and dominated by New York, London, Beijing and Hong Kong (which account for 82% of the segment’s global auction turnover), Paris is striving to defend its historical position and influence. But France’s annual performance ($783 million in 2017) today represents only a little more than the turnover generated by a single prestige sale in New York at Sotheby’s or Christie’s.

According to Thierry Ehrmann, founder and CEO of Artprice, Paris is looking for a new lease of life. The City of Light wants to take full of advantage of its prestige and bring back buyers from around the world… it wants to recapture the high-end market. This ambition requires profound change and deep market restructuring, a process that has already begun. The future of Paris is today far more dependent on the FIAC and on the performances of the major Anglo-Saxon auction houses than on its traditional structures like Drouot and the Salon des Antiquaires.

All of the market’s key ‘makers’ at the Grand Palais

With 60 galleries French galleries among a total of 195, the FIAC ensures that French creation is not forgotten at the fair. Nevertheless, the FIAC’s real strength is its superbly international roster of galleries. The FIAC would not be the FIAC without Blum & Poe, Pace, Lisson, Paula Cooper, Gavin Brown’s Enterprise, Gladstone and of course David Zwirner, Gagosian, Marian Goodman, White Cube, etc.

The FIAC is an opportunity for all Contemporary Art lovers to see the world’s most prestigious galleries gathered in Paris. For the big galleries, it’s an opportunity to take part in a particularly selective meeting in one of the world’s most majestic venues: the nave of the Grand Palais, where the Salon des Refusés was historically held, and which nowadays also hosts Paris fashion week.

The major galleries who deserted the FIAC usually come back sooner or later; this year sees the return of the giant Hauser & Wirth, New York’s Canada and Paul Kasmin, the Belgian gallery Rodolphe Janssen (among others). But booths are expensive in the Grand Palais and the quality of the galleries is extremely high. Between those returning and those making their first appearance, the actual gallery turnover rate is only 16%, i.e. less than one booth in six.

If the FIAC’s international offer has legitimised the fair on the international circuit, it now resembles other major fairs like Art Basel, the Armory Show and especially the Frieze, organized just two weeks earlier on the other side of the Channel (only 2h on the Eurostar). Moreover, a third of the French galleries present at the FIAC were also present at the Frieze… so in the end, the FIAC’s French specificity is relatively small.

In fact, one of the Parisian fair’s principal attractions is probably the exceptional, majestic setting offered by the Grand Palais. However, this superb venue will again be closed for works between 2021 and 2023, so it does rather look as though the FIAC will have to adapt its strategy in order to maintain its influence and ensure that collectors visit the temporary structure that will be installed in the Champ-de-Mars under the Eiffel Tower during the Grand Palais’ closure.

Lots of auction records during Frieze

The auction houses have long understood the importance of organising prestige sales in parallel with the major fairs in order to take full advantage of the concomitant gathering of art professionals and collectors. Last year, 49 auctions were held in Paris (in 39 auction houses) during the FIAC week, generating $134 million in seven days (17% of French auction turnover on Fine Art sales in 2017). The year’s two best results were also hammered during the week on 19 and 20 October 2017: Alberto Giacometti’s Grande femme II (1960) fetched $29.4 million and Jean- Michel Basquiat’s Jim Crow (1986) sold for $17.7 million.

This year again Christie’s, Sotheby’s and Artcurial (the top three French auction houses) are organizing their most important sales of the year in Paris during the FIAC. Others, including Leclere and Cornette de Saint Cyr, are waiting till the end of the event, but will be active as of Monday 22 October.

The major houses hope the spillover from the Paris FIAC will be as beneficial as that from the Frieze on London sales earlier in the month. Banksy’s self-destructing Girl with Balloon (2006) attracted a lot of attention… but there were lots of other memorable results during the week, with three of the autumn’s top ten global auction records, so far. Among these, Jenny Saville’s Propped (1992) – a historical piece from the Young British Artists movement that was part of the Sensation exhibition in 1997 – fetched $12.4 million, a record for a living female artist, overtaking Cady Noland who held that record for three years after her Bluewald (1989) sold for $9.8 million at Christie’s New York on 11 May 2015.

Top 10 auction records a (September – October 2018)

© Artprice.com

Artist – Work – Price – Sale

1 Zao Wou-Ki (1921-2013) – June-October 1985 – $65.204.489 – 30-09-2018 Sotheby’s Hong Kong

2 Jenny Saville (1970) – Propped (1992) – $12.490.583 – 05-10-2018 Sotheby’s London

3 Tsuguharu Foujita (1886-1968) – The party (1949) – $9,366,687 – 11-10-2018 Bonhams London

4 Albert Oehlen (1954) – Stier mit loch (1986) – $4,695,131 – 04-10-2018 Christie’s London

5 Leon Bonnat (1833-1922) – Samson’s Youth (1891) – $2,045,047 – 12-09-2018 Christie’s London

6 Kyung-Ja Chon (1924-2015) – Prairie II (1978) – $1,928,504 – 19-09-2018 K-Auction Seoul

7 Hao Liang (1983) – Shell (2010-2011) – $1,855,061 – 30-09-2018 Sotheby’s Hong Kong

8 Kaws ( 1974) – Again And Again (2008) – $1,348,952 – 05-10-2018 Sotheby’s London

9 Wang Xingwei (1969) – Still no A-mark (1998) – $1,272,479 – 30-09-2018 Sotheby’s Hong Kong

10 Lin Richard (1933-2011) – Painting Relief 12.12.63 – $1,165,161 – 30-09-2018 Sotheby’s Hong Kong

The Art Market nevertheless showed some signs of caution in London, particularly at Christie’s 4 October sale where two star lots, Jeff Koons’ Cracked Egg (Blue) (1994-2006) and Gerhard Richter’s Schädel (1983) failed to sell against estimates exceeding $10 million. However, overall, the initial results of the autumn season are extremely positive, often adding value, occasionally showing restraint… proving that the high-end market is capable of selecting the best pieces and of curbing price growth even for the most fashionable Contemporary artists.

The Paris major auction sales will therefore be held in a particularly favourable context. In addition to the annual sessions of 20th Century Art, the sale of the collections of Oscar Mairlot and Nathalie Seroussi at Sotheby’s and of Benedicte Pesle at Christie’s could well share the spotlight with the FIAC.

thierry Ehrmann : Artprice et Artron donnent naissance au Media Mogul de l’Art

https://www.actusnews.com/fr/ARTPRICE/cp/2018/10/17/artprice-et-artron-donnent-naissance-au-media-mogul-de-l_art

Video : https://vimeo.com/295406694

About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label)Artprice’s Global Art Market Annual Report for 2017 published last March 2018: https://www.artprice.com/artprice-reports/the-art-market-in-2017

Artprice’s Contemporary Art Market Annual Report for 2017 – free access at: https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2017

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom & https://plus.google.com/+artpricedotcom/posts

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos:

http://goo.gl/zJssd

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos on Facebook: https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

Contact: ir@artprice.com

Artprice presents its 2018 Contemporary Art Market Report ahead of the Frieze and the FIAC: Plus 1,744% turnover growth in 18 years, an 8.1% annual yield.

2018/10/01 Commentaires fermés

Artprice presents its 2018 Contemporary Art Market Report ahead of the Frieze and the FIAC: Plus 1,744% turnover growth in 18 years, an 8.1% annual yield.

Artprice, founded and presided by thierry Ehrmann, achieves in close collaboration with its Chinese institutional partner the group Artron/AMMA (Art Market Monitor of Artron) founded and presided by WAN Jie, its 21st report.

A full market is now active on 5 continents.

The almost parallel increases over the 12 months to June 2018 in the Contemporary Art Market’s three main indicators (+19% global turnover, +17% lots sold and +18% in the segment’s price index) suggests a very rapid and balanced growth of Contemporary Art sales worldwide.

The average annual financial return, currently +8.1% on Contemporary works, looks very attractive indeed in the context of negative or near-zero rates that erode cash savings.

The Artprice Contemporary Art Market Report 2018, an indispensable tool for anyone attending the big autumn fairs, particularly the Frieze and the Fiac, is available free of charge at the following address:

https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2018

N.B. for the purposes of our report

Contemporary Art = works created by artists born after 1945

Fine Art = painting, sculpture, drawing, photography, videos, prints, installations

Period analysed: 1 July 2017 – 30 June 2018

The 66,850 transactions hammered over the 12month period reflect a market of unprecedented intensity. Since 2000/2001, the number of transactions has multiplied 5.5 times. Over the same period, global turnover has risen + 1,744% from $103 million to $1.9 billion. The average price of a Contemporary work has risen from $8,400 at the turn of the 21st century to $28,000 today. Moreover, today’s Contemporary Art Market offers unprecedented diversity: 20,335 artists born after 1945 recorded at least one auction result over the 12 month period, nearly five times more than in 2000/2001 (4,100 Contemporary artists).

According to thierry Ehrmann, Artprice’s founder and CEO, “We have had a period of restructuring that lasted roughly three years; but the Contemporary Art Market is now back on a much stronger footing. Although prices are indeed rising again, there is a much broader supply that allows a better selection of works… and the perfectly stable unsold rate, at 39%, guarantees a balanced market.

The United Kingdom ($545 million) and mainland China ($298 million) both posted excellent turnover totals, up 55% and 15% respectively. On the other hand, the USA posted a 13% contraction versus the year-earlier period that was boosted by the exceptional record of $110.5 million for Jean-Michel Basquiat’s Untitled (1984).

London, New York, Beijing and Hong Kong alone account for 82% of global auction sales of Contemporary Art, from just 17% of the global lots sold.

The French market posted a remarkable performance with sales of Contemporary Art up 81% during the 12-month period to $71 million. In the rest of Europe, Germany (+40%), Italy (+31%) and Belgium (+27%) consolidated their 5th, 7th and 10th places respectively on the global Contemporary Art Market. Elsewhere, several countries contributed to the market’s growth around the globe: Japan (+22%), Australia (+15%), South Korea (+15%), South Africa (+25%).

Key figures:

  1. Global turnover was up 19% to $1.9 billion

  2. The number of lots sold rose by 17%, with 66,850 auction results

  3. The global unsold rate remained stable at 39%

  4. The Contemporary Art Price Index posted an increase of 18.5%

  5. Since 2000/2001, global turnover has risen 1,744%, from $103 million to $1.9 billion

  6. Since 2000/2001, the lots sold total has multiplied 5.5x from 12,300 to 66,850

  7. Contemporary Art auction results were recorded in 59 countries last year

  8. New York, London, Beijing and Hong Kong accounted for 82% of turnover, on 17% of global lots sold

  9. Greater China (Hong Kong and Taiwan included) generated $480m, i.e. 26% of the global market

  10. Europe had an exceptional year: France +81%, Germany +40%, Italy +31%

  11. The Netherlands, Belgium and Austria each generated over $8 million

  12. South Korea ($8 million) and the Philippines ($5 million) bring Southeast Asia into the global market

  13. Australia ($10 million) and New Zealand ($5 million) are in the top 20 marketplaces

  14. South Africa ($6 million) leads Africa, with Morocco and Nigeria far behind

  15. The Middle East is represented by Turkey ($5 million), Iran ($3 million), UAE ($2 million) and Israel ($1 million)

1. General synopsis. Contemporary Art’s market performance

Available for free online, the new 2018 Artprice Contemporary Art Market Report provides decision support tools via four chapters that analyse the evolution, the organization and the latest trends in the Contemporary Art Market. The four chapters explore the hottest topics in the global market and provide answers to questions that any art lover, collector, professional or curator who is active in the Contemporary Art Market might have.

2. Artists’ prices

Stimulated by a sensational record of $110.5 million in May 2017, the Contemporary art Market has just ended a third consecutive semester of growth. The principal drivers of this growth are ever-stronger demand for works by the stars of Contemporary art and a proliferation of supply in a particularly favorable economic context.

3. Africa and its diasporas

From the construction of a market for African Contemporary art in France… to the explosion of African-American art in the United States: a brief look at the “African” wave sweeping across the entire Art Market.

4. In the news

She’s French, but has ‘emerged’ in England. Laure Prouvost already has a brilliant career with a superb CV: she studied at Central Saint Martins (cinema) and Goldsmiths College, received the Max Mara Award in 2011 followed by an exhibition at the Whitechapel Gallery, before winning the famous Turner Prize in 2013.

Top 100 Contemporary works sold at auction (July 2017 June 2018)

Top 500 Contemporary artists by auction turnover (July 2017 June 2018)

Contemporary Art (12% of the global Art Market compared with just 2.8% in 2000) cannot be measured using the same yardstick we use for Impressionist or Modern Art. Over the same period, its auction turnover has increased +1,744% from $103 million to $1.9 billion. The popularity and prices indices of a Contemporary artist are highly sensitive to a range of different factors, constantly subject to the influence of events and “art news” in general.

In order to study this reality, Artprice – the world leader in art market informationhas developed a new method of analysis and a range of decision support tools in collaboration with its econometrists, its editorial team and it art historians. The result is a methodology that provides optimum insight into the market’s price developments.

According to thierry Ehrmann, The myth of the wretched artist is no longer relevant to the modern era and the old notion that the only good artist is a dead artist has been consigned to oblivion.

This 2018 Contemporary Art Market Report (its 21st since 1997) goes straight to the heart of this fascinating issue… the role of artists in the modern era. I believe we can safely agree with the poetic understanding of this role enunciated by the philosopher Giorgio Agamben: that a Contemporary (artist) is he who firmly holds his gaze on his own time so as to perceive not its light, but rather its darknessa role that is being revived from a long slumber.

In a standardised and globalised world, the Contemporary artist brings us that extra soul which we are constantly in need of.« 

http://www.artprice.com Copyright thierry Ehrmann1987/2018

About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label)Artprice’s Global Art Market Annual Report for 2017 published last March 2018: https://www.artprice.com/artprice-reports/the-art-market-in-2017

Artprice’s Contemporary Art Market Annual Report for 2017 – free access at: https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2017

Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom & https://plus.google.com/+artpricedotcom/posts

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos:

http://goo.gl/zJssd

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos on Facebook: https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

Contact: ir@artprice.com

La vidéo du siège social d’Artprice, parmi les plus vues sur Facebook avec plus de 10 millions de vues sur le Musée d’Art Contemporain l’Organe gérant La Demeure du Chaos.

2018/08/20 Commentaires fermés

La vidéo du siège social d’Artprice, parmi les plus vues sur Facebook avec plus de 10 millions de vues sur le Musée d’Art Contemporain l’Organe gérant La Demeure du Chaos.

Au mois d’Avril 2018, Artprice, Leader mondial de l’information sur le Marché de l’Art et son siège social le Musée d’Art Contemporain L’Organe gérant l’ERP La Demeure du Chaos, ont été contactés par Antoine de Caunes, CANAL PLUS, afin de réaliser le tournage d’un sujet pour l’émission « La Gaule d’Antoine », pour une première diffusion début Mai 2018. Le principe de cette émission est de parcourir les 13 régions de France pour en faire connaître leurs lieux incontournables et spécifiques, après une sélection pointue.

Le professionnalisme et l’implication d’Antoine de Caunes ont su synthétiser ce que représente Artprice et le Musée d’Art Contemporain La Demeure du Chaos / Abode of Chaos, dixit The New York Times, son siège social, tant par son commentaire que par ses images, couverts en 20 ans par plus de 2700 médias internationaux de presse écrite et audiovisuelle. 

Cette vidéo est devenue en l’espace de quelques semaines une vidéo culte sur Facebook. Elle dépasse aujourd’hui 10 millions de vues. (P.V. d’huissier SCP Estelle PONS – Sarah MERGUI du 20.8.2018).

Le constat d’huissier porte sur 2 URL pointant sur la vidéo Facebook du documentaire Canal + qui appartiennent d’une part, à la  page monde Facebook d’Artprice avec 2.7 millions d’abonnés et la page monde du Facebook du Musée d’Art Contemporain L’Organe, gérant l’ERP La Demeure du Chaos/ Abode of Chaos avec ses 2.9 millions d’abonnés.


C’est dire l’incroyable audience rencontrée par la vidéo de l’émission « la Gaule d’Antoine » sur son le Musée d’Art Contemporain L’Organe gérant l’ERP La Demeure du Chaos siège social d’Artprice à travers le Monde.

thierry Ehrmann: « Cette adhésion internationale montre à quel point le Musée d’Art Contemporain l’Organe gérant l’ERP La Demeure du Chaos, porte un message artistique universel. Le fait qu’elle abrite le siège social d’Artprice est le support idéal pour véhiculer l’image d’Artprice en sa qualité de leader mondial, dans le monde de l’Art. »

La page monde Facebook d’Artprice avec 2.7 millions d’abonnés et la page monde du Facebook du Musée d’Art Contemporain L’Organe, gérant l’ERP La Demeure du Chaos/ Abode of Chaos avec ses 2.9 millions d’abonnés reflètent un taux de satisfaction exceptionnel sur un documentaire vidéo vu plus de 10 millions de fois avec un nombre de gens qui n’adhère pas extrêmement faible dans l’univers du marketing B to B et B to C.

En effet, on compte un taux de satisfaction de 99.855% sur la page Facebook Artprice et de 99.724% pour celle de la Demeure du Chaos. (P.V. d’huissier SCP Estelle PONS – Sarah MERGUI du 20.8.2018). On note dans le même P.V. d’huissier en mode administrateur

6,5 millions de portée de publications/semaine.

Il est bon de préciser aussi qu’Artprice et la Demeure du Chaos sont à l’origine du célèbre classement Grand Lyon La Métropole Culture Facebook Google qui a 7 ans et qui en est au 59 ème classement.

En effet le Musée d’Art Contemporain L’Organe, gérant l’ERP La Demeure du Chaos/ Abode of Chaos a souhaité depuis 7 ans mesurer son empreinte sur Facebook face à 25 acteurs culturels du Grand Lyon qui sont de véritables marqueurs culturels: La Fête des Lumières, Musée d’Art Contemporain Lyon, Musée des Beaux-Arts de Lyon, La Biennale d’Art contemporain, Festival Lumière, Institut d’Art Contemporain, Institut Lumière, La Biennale de la Danse de Lyon,  Le Transbordeur, Les Nuits de Fourvière, Les Nuits Sonores, Maison de la Danse,  Musée des Confluences, Opéra de Lyon, Orchestre National de Lyon, Quai du Polar, Théâtre de la Croix-Rousse, Théâtre des Célestins, TNP Villeurbanne, Le Sucre, Reperkusound, Invites de Villeurbanne, Ninkasi, Les Subsistances.

Groupe Serveur et Artprice ont choisi ces acteurs culturels parmi les beaux-arts, l’art contemporain, le théâtre, la danse, la musique, le cinéma et la littérature. Le département économétrie de Groupe Serveur et d’Artprice possède un algorithme original propriété au titre de la propriété intellectuelle qui calcule « l’engagement logarithmique ». Cette formule mathématique est accessible en ligne à l’adresse suivante :

https://artpressagency.wordpress.com/2018/07/28/thierry-ehrmann-en-avant-premiere-le-classement-n59-exclusif-de-aout-2018-des-principaux-acteurs-culturels-du-grand-lyon-la-metropole/

Le résultat est sans appel le Musée d’Art Contemporain L’Organe, gérant l’ERP La Demeure du Chaos/ Abode of Chaos est d’une part le 1er Musée d’Art Contemporain Rhône Alpes avec 180 000 visiteurs par an et d’autre part 1er en terme d’abonnés, avec 2 963 000 et un engagement logarithmique exceptionnel de 75.

De même en notation Google des visiteurs dans les musées d’Art, le Musée d’Art Contemporain L’Organe, gérant l’ERP La Demeure du Chaos/ Abode of Chaos arrive n°1 devant 3 institutions avec 4.6, en n°2 le Musée des Beaux-Arts de Lyon avec 4.4, en n°3 le Musée d’Art Contemporain de Lyon avec 4.1 et en n°4 l’Institut d’Art Contemporain avec 4.0.

Dans le monde de l’économie les grandes marques mondiales, dont la plupart sont attachées à la récente Coupe du Monde de Football 2018 et la victoire de la France, ont connu des scores bien inférieurs la performance de notre vidéo, voir les scores des vidéos de CIC, Easy Voyage, LG France, Carrefour, SFR, Orange France, McDonalds France, Groupe APRR sur : http://www.e-marketing.fr/Thematique/veille-1097/Breves/Les-meilleures-videos-marques-diffusees-Facebook-333124.htm 

Remerciements rédaction e-marketing.fr en collaboration avec NukeSuite 

A titre de comparaison, au-delà des marques, en secteur show business, la vidéo de Madonna pour son 60ème anniversaire totalise ce jour 216k vues sur sa page Facebook officielle. Sur celle de la NASA, organisme mondial, qui compte pourtant plus de 21 millions d’abonnés, la vidéo la plus vue du mois d’Août affiche 566k vues.

Pour rappel, Artprice avait pris l’engagement, lors de son A.G. le 30 juin 2017, de prendre la 1ère place en matière d’information sur le Marché de l’Art sur les réseaux sociaux où elle comptait 345 K d’abonnés. Pour réaliser cet objectif très ambitieux, Artprice et son entité Artmarket.com devaient conquérir plus d’un million d’abonnés à leurs publications sur la période 2S 2017/1S2018.

Pari réussi, au-delà de l’objectif avec 676% de croissance sur la période juillet 2017 / Juillet 2018 pour la page Artprice, ce qui la place parmi les pages les plus suivies au Monde, avec 2 792 660 millions d’abonnés au 20 Août 2018.

De grands groupes internationaux cotés ont cru s’exonérer de la complexité des réseaux sociaux et subissent le retard fatal générant des préjudices économiques importants qui remettent en question leur position. Même avec un budget financier exceptionnel le retard accumulé ne peut pas être compensé du fait de l’architecture élaborée des réseaux sociaux. Certains groupes du S&P500 en sont des exemples probants.

Désormais l’empreinte sur les réseaux sociaux est l’un des paramètres primordiaux et vitaux pour qui veut préserver le capital entreprise et son avenir, avec bien évidemment, sa notoriété et visibilité à travers le Monde, ce qui est le cas d’Artprice en tant que Leader mondial de l’information sur le Marché de l’Art ainsi que sa Place de Marché Normalisée Artmarket.com .

C’est pour cette raison qu’Artprice a privilégié très tôt cet axe de communication, anticipant depuis longtemps le poids des réseaux sociaux dans son marketing, ses banques de données, ses équipes informatique et ses forces de ventes, forgeant chaque jour un peu plus son expérience dans les multiples réseaux sociaux pour générer des millions de nouveaux membres qualifiés pour les multiples abonnements payants à ses banques de données.

Copyright www.artprice.com 1987-2018 thierry Ehrmann

A propos d’Artprice :

Artprice est cotée sur Eurolist by Euronext Paris, SRD long only et Euroclear : 7478 – Bloomberg : PRC – Reuters : ARTF.

Découvrir Artprice en vidéo : https://fr.artprice.com/video

Artprice est le Leader mondial des banques de données sur la cotation et les indices de l’Art avec plus de 30 millions d’indices et résultats de ventes couvrant plus de 700 000 Artistes. Artprice Images® permet un accès illimité au plus grand fonds du Marché de l’Art au monde, bibliothèque constituée de 126 millions d’images ou gravures d’oeuvres d’Art de 1700 à nos jours commentées par ses historiens.

Artprice enrichit en permanence ses banques de données en provenance de 6300 Maisons de Ventes et publie en continu les tendances du Marché de l’Art pour les principales agences et 7200 titres de presse dans le monde. Artprice met à la disposition de ses 4,5 millions de membres (members log in), les annonces déposées par ses Membres, qui constituent désormais la première Place de Marché Normalisée® mondiale pour acheter et vendre des oeuvres d’Art à prix fixe ou aux enchères (enchères réglementées par les alinéas 2 et 3 de l’article L 321.3 du code du commerce). Artprice labellisée par le BPI développe son projet de Blockchain sur le Marché de l’Art.

Bilan S1 2018 Mondial du Marché de l’Art, par Artprice en ligne sur :

https://fr.artprice.com/artprice-reports/bilan-du-marche-de-lart-s1-2018-par-artprice-com

Le Rapport Annuel Artprice du Marché de l’Art mondial 2017 publié en mars 2018 :
https://fr.artprice.com/artprice-reports/le-marche-de-lart-en-2017
Le rapport du Marché de l’Art Contemporain 2017 d’Artprice :
https://fr.artprice.com/artprice-reports/le-marche-de-lart-contemporain-2017
Sommaire des communiqués d’Artprice :
http://serveur.serveur.com/press_release/pressreleasefr.htm
https://twitter.com/artpricedotcom

Suivre en temps réel toute l’actualité du Marché de l’Art avec Artprice sur Facebook, Google+ Twitter :
https://www.facebook.com/artpricedotcom 2,7 millions d’abonnés
https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom
https://plus.google.com/+Artpricedotcom/posts
http://artmarketinsight.wordpress.com/


Découvrir l’alchimie et l’univers d’Artprice 
http://web.artprice.com/video dont le siège social est le célèbre Musée d’art contemporain Abode of Chaos / Demeure du Chaos 2,9 millions d’abonnés : http://goo.gl/zJssd https://vimeo.com/124643720
Musée d’Art Contemporain siège social d’Artprice :
https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999
Contact 
ir@artprice.com

Artprice: H1 2018 Global Art Market Report – all indicators are positive.

2018/08/06 Commentaires fermés

First Half 2018: the Art Market posted a general recovery of +18%

1 Global auction turnover on Fine Art* rose 18%, totalling $8.45 billion

2 Transaction numbers remained stable with 262,000 lots sold, up 2.5% vs. H1 2017

3 The USA posted a massive 48% increase, with total turnover of $3.3 billion

4 China*, with $2 billion in turnover, reduced its unsold rate before a decisive H2

5 The UK, with auction turnover up 18% to $1.9 billion, is just behind China

6 The EU is contributing to growth: France +8%, Germany +17%, Italy +22%

7 Modern Art, the mainstay of the market’s high-end, accounted for 46% of total turnover

8 Modigliani and Picasso both scored results above $100 million threshold

9 Zao Wou-Ki was China’s best-performer in H1 2018 with total sales of $155 million

10 Contemporary Art’s global price index rose 27%, a serious competitor of the S&P 500

* Public sales of Fine Art (Painting, Sculpture, Drawing, Photography, Prints, Installations)

**In collaboration with Art Market Monitor of Artron (AMMA)

General conclusion…

Worldwide, the Art Market grew by +18% in H1 2018, pursuing the growth we saw in H1 2017 (+9%) and confirmed in H2 2017 (+32%).
Global figures

At a global level, more than 262,000 Fine Art lots were auctioned in the first six months of 2018, generating a total product of $8.45 billion (including fees). Artprice, the world leader in Art Market information since 1987, has systematically analysed and digested the results of more than 3,532 auction sales around the world. This half-year report covers public sales of Fine Art (painting, sculpture, drawing, photography, prints and installations).

Read Artprice.com’s H1 2018 Global Art Market Report online at: https://www.artprice.com/artprice-reports/global-art-market-in-h1-2018-by-artprice-com

According to thierry Ehrmann, Artprice founder and CEO, “Since the turn of the century, the Art Market has demonstrated an exceptionally high degree of maturity, resisting the NASDAQ crisis, the consequences of nine-eleven, of the second Iraq war and of course the unprecedented financial and economic crises that started in 2007. Since then, it has been operating against a backdrop of negative interest rates that undermine the value of savings and, more recently, in a global context of heightening geopolitical tensions. During these past 18 years, the Art Market has managed to adapt to reality, not only avoiding its own collapse in the face of financial crises, but actually creating a genuine investment safe-haven without forming a speculative bubble.

The attractive returns on art over the last few years have outperformed many other investments and the Art Market has become an independent, liquid and efficient market on all continents.

Top 10 Countries by Auction Turnover H1 2018

Country – Turnover – (Market Share)

1 United States – $3,341,746,766 – (39.6%)

2 China – $1,997,226,110 – (23.6%)

3 United Kingdom – $1,873,284,804 – (22.2%)

4 France – $372,461,596 – (4.4%)

5 Germany – $122,765,010 – (1.5%)

6 Italy – $118,907,954 – (1.4%)

7 Switzerland – $76,847,823 – (1.3%)

8 Japan – $66,901,157 – (0.9%)

9 Austria – $53,562,620 – (0.8%)

10 India – $38,351,733 – (0.6%)

Other: – $383,793,555 – (5.0%)

The Top 500 artists by sales product indicates China has acquired, over he years, a significant position in the Art Market and now boasts 128 of the world’s 500 most-rated artists, far ahead of the United States (82) and Great Britain (27).

The data pertaining to the Chinese Art market is the fruit of Artprice’s 7-year collaboration with its Chinese institutional partner, Artron Group and AMMA (Art Market Monitor by Artron), directed by Wan Jie.

Despite a relatively unfavourable economic context, the global art market has shown signs of buoyancy, driven by a powerful combination of investment logic, speculative buying, passion collecting and insatiable demand for major signatures from new museums around the world.

These growth drivers rely heavily on easy access to reliable Art Market information such as provided by Artprice (pioneer and global leader in the field) and have been boosted by a whole series of underlying phenomena. These include a rapidly spreading awareness that every aspect of participation in the art market, including online sales, can be conducted via the Internet (98% of participants are connected to Internet); a financialisation of the art market’s high-end fostered by its stability and transparency; a rapid increase in the art-buying population from roughly 500,000 after 1945 to approximately 90 million in 2018; a significant reduction in the average age of market players and a major geographical expansion of the market to nearly all of Asia, the Pacific Rim, India, South Africa, the Middle-East and South America

Another massive Art Market driver is the new-era museum industry (700 new museums per year) that has become a significant economic reality in the 21st century. More museums opened between 2000 and 2014 than in the previous two centuries.

Hungry for museum quality works, this sector is one of the primary drivers of the Art Market’s spectacular growth. The Art Market is now both mature and liquid, offering yields of 10% to 15% per year on works valued over $100,000.

Considering these macro- and micro-economic data, the past 18 years have confirmed the Art Market’s potential as a safe haven against economic and financial turbulence, generating substantial and recurring yields.

With central banks effectively working in a negative interest rate environment, the Art Market looks very healthy by comparison having posted a 2,108% growth in the annual auction turnover of its Contemporary segment over the past 18 years. The global Art Market has also posted linear growth

In the average value of an artwork (Old, Modern and Contemporary) of +25% over the same period. If we look at the Contemporary segment alone, the progression is +88%.

These returns are not just reserved for “star” artists. We find a substantial average annual yield of +9% on works sold above the €20,000 threshold.

The Artprice100® shows a progression of +360% since 2000. About Artprice100® :

https://www.actusnews.com/fr/ARTPRICE/cp/2018/01/31/artprice-launches-its-blue-chip-art-market-index-artprice100-reg-designed-for-financiers-and-investors

The Art Market is an efficient, historical and global market whose capacity to resist economic and geopolitical crises requires is now beyond doubt.
TOP 20 artists – H1 2018 © Artprice com

Artist — Turnover (USD) — Number of works sold — Best result (USD)

1 Pablo PICASSO (1881-1973) – $602,865,747 – 1,841 – $115,000,000

2 Claude MONET (1840-1926) – $267,055,149 – 22 – $84,687,500

3 Andy WARHOL (1928-1987) – $175,393,487 – 778 – $37,000,000

4 Jean-Michel BASQUIAT (1960-1988) – $162,756,656 – 64 – $45,315,000

5 Amedeo MODIGLIANI (1884-1920) – $160,869,523 – 22 – $157,159,000

6 ZAO Wou-Ki (1921-2013) – $154,558,288 – 268 – $23,305,301

7 Henri MATISSE ( 1869-1954) – $144,675,227 – 227 – $80,750,000

8 ZHANG Daqian (1899-1983) – $107,478,086 – 283 – $13,129,521

9 Kasimir MALEVICH (1878-1935) – $96,248,783 – 6 – $85,812,500

10 Joan MIRO (1893-1983) – $87,818,817 – 696 – $21,687,500

11 Gerhard RICHTER (1932-) – $80,720,365 – 177 – $16,563,000

12 David HOCKNEY (1937-) –$77,358,842 – 214 – $28,453,000

13 Alberto GIACOMETTI (1901-1966) – $73,528,071 $ – 74 – $16,647,567

14 Francis BACON (1909-1992) –$73,156,871 – 58 – $49,812,500

15 Constantin BRANCUSI (1876-1957) –$71,921,220 – 3 – $71,000,000

16 QI Baishi (1864-1957) – $64,402,510 – 169 – $8,753,015

17 Paul GAUGUIN (1848-1903) – $63,511,735 – 34 – $35,187,500

18 Fernand LÉGER (1881-1955) – $ 62,655,125 – 122 – $19,437,500

19 Richard DIEBENKORN (1922-1993) – $62,311,216 – 54 – $23,937,500

20 Yayoi KUSAMA (1929-) – $61,861,631 – 344 – $4,534,985

Top 10 auction results in H1 2018 © Artprice com

Artist Work Price (USD) Date Auctioneer

1 Amedeo MODIGLIANI (1884-1920) – Nu couché (sur le côté gauche) (1917) – $157,159,000 – 14/05/2018 – Sotheby’s New York

2 Pablo PICASSO (1881-1973) – Fillette à la corbeille fleurie (1905 ) – $115,000,000 – 08/05/2018 – Christie’s New York

3 Kasimir MALEVICH (1878-1935) – Suprematist Composition (1916) – $85,812,500 – 15/05/2018 – Christie’s New York

4 Claude MONET (1840-1926) – Nymphéas en fleur (c.1914-1917) – $84,687,500 – 08/05/2018 – Christie’s New York

5 Henri MATISSE (1869-1954) – Odalisque couchée aux magnolias (1923) – $80,750,000 – 08/05/2018 – Christie’s New York

6 Constantin BRANCUSI (1876-1957) – La jeune fille sophistiquée (1928) – $71,000,000 – 15/05/2018 – Christie’s New York

7 Pablo PICASSO (1881-1973) – Femme au béret et à la robe quadrillée (1937) – $68,702,214 – 28/02/2018 – Sotheby’s London

8 Pablo PICASSO (1881-1973) – La Dormeuse (1932) – $57,829,046 – 08/03/2018 – Phillips London

9 Francis BACON (1909-1992) – Study for Portrait (1977) – $49,812,500 – 17/05/2018 – Christie’s New York

10 Jean-Michel BASQUIAT (1960-1988) – Flexible (1984) – $45,315,000 – 17/05/2018 – Phillips New York

Copyright www.artprice.com thierry Ehrmann 1987/2018

About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label)Artprice’s Global Art Market Annual Report for 2017 published last March 2018: https://www.artprice.com/artprice-reports/the-art-market-in-2017

Artprice’s Contemporary Art Market Annual Report for 2017 – free access at: https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2017
Artprice’s press releases:

http://serveur.serveur.com/Press_Release/pressreleaseen.htm

https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom & https://plus.google.com/+Artpricedotcom/post

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos:

http://goo.gl/zJssd

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos on Facebook: https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

Contact: ir@artprice.com

Artprice’s Annual Report on the Global Art Market in 2017: a genuine alternative to financial markets, with China in first place

2018/02/28 Commentaires fermés

Our 20th Global Art Market Annual Report is once again the fruit of an alliance between Artprice, world leader in Art Market information, founded and directed by thierry Ehrmann, and Artron, its powerful Chinese institutional partner, directed by Wan Jie. The result is the only truly global art market report providing reliable insight into both the Western and the Eastern art market. By pooling their resources to analyse the global Art Market in unprecedented detail, our two structures highlight the intense competition driving the market’s global growth as well as its logic and its consequences. No other organisation or team is currently capable of such high quality processing and interpreting of macro- and micro-economic metadata in a Big Data environment.

The Report contains Artprice’s now-famous Top-500 ranking of artists by annual auction turnover, the market’s Top 100 auction results, our brand new Artprice100® index –a must for trading rooms–, a selection of Artprice market indices, and numerous detailed analyses per country, per market-hub, per creative period and per artistic medium. Its 18 chapters provide an uncompromising and unprecedented analysis of today’s global Art Market. The Report can be downloaded in pdf format free of charge at Artprice.com

https://www.artprice.com/artprice-reports/the-art-market-in-2017

Posting very strong growth in 2017, the Art Market has entered a new era

*Public sales of Fine Art –painting, sculpture, drawing, photography, prints and installation– from 1 January 2017 to 31 December 2017

General synopsis

Fine Art auction turnover reached $14.9 billion for the full-year 2017

Global turnover increased +20% versus the previous year

Measured growth in H1 (+9%) became strong growth in H2 (+32%)

Worldwide, 502,900 artworks were sold publicly in 2017 (+3%)

The overall unsold rate was 34% (vs. 36% in 2016)

Artprice’s global art price index ended the year stable versus 2016

The latest spectacular all-time Fine Art auction record at $450 million for Leonardo da Vinci’s Salvator Mundi represents the beginning of a new era for the Art Market in which the next big milestone will be the $1 billion threshold. In the meantime, we are bound to see results between $179 million and $450 million in 2018.

Soft Power

China remains the world’s top marketplace with $5.1 billion in turnover: 34.2% of global total

The United States ranks second with $4.9 billion

The world’s top 5 marketplaces all posted turnover growth:

China +7%, USA +42%, UK +18%, France +35%, Germany +12%

France (in 4th place) accounted for 5.3% of global turnover with $784 million, ahead of Germany’s $256 million, but still a long way behind the three leading marketplaces. France’s turnover was up +35%, but this growth was essentially generated by the Anglo-Saxon auction firms, Christie’s and Sotheby’s, which posted +58% and +35% growth respectively in Paris.

Christie’s and Sotheby’s domination of Fine Art auctions in France is getting stronger each year: the two houses now account for over half of the country’s Fine Art auction turnover (54% in 2017) compared with 47% in 2016.

Christie’s and Sotheby’s together generate more Fine Art auction turnover in France than the other 214 French auction operators.

Christie’s is the world’s leading auction house with a total of $4.4 billion ahead of Sotheby’s with 3.4 billion

In China, Poly Auction ($1 billion) beat China Guardian ($815 million)

Phillips took 5th place in 2017 with a turnover total of $471 million

In Europe, the two non-Anglo-Saxon leaders are the Austrian firm Dorotheum ($78 million) and the French firm Artcurial ($76 million).

Trends

Artprice’s 2017 global Top 500 index contains 231 European artists, 162 Asians and 82 North Americans

The Top 10 includes 4 Chinese artists, 3 Europeans and 3 Americans

2017 saw new auction records for many high-profile figures in Art History including Leonardo da Vinci, Jean-Michel Basquiat, Qi Baishi, Zao Wou-Ki, Marc Chagall, Fernand Léger and Constantin Brancusi

Financial performances

Repeat sales** generate an average annual return of between 5.5% and + 8.3%

In the longer run, works purchased from $200,000 to $1 million generate the best annual return: 8.3%

** The same work purchased and resold at auction during 2017

Artprice100© “The Wolves of Wall Street at the gates of the Art Market”

The Artprice100® shows a progression of +360% since 2000

+360% since 2000 represents an average annual return of 8.9%

Revised annually, the new index replaced 4 artists in 2017

The new index contained 1 Chinese artist (Zhang Daqian) in 2000, versus 18 in 2017

France

Towards new regulations for France’s auction operators…

Many public documents show that French Art Market players, among others the Syndicat des Maisons de Ventes (SYMEV) have taken a stand: against a backdrop of art market globalisation spearheaded by the widespread adoption of internet auction sales, France’s share of the global Fine Art auction market – a share that was over 60% in the 1970s – fell back to a dangerously low level of less than 4% in 2016! Aware of this worrying reality, the sector’s professionals via the Syndicat des Maisons de Ventes (SYMEV), have been sounding the alarm over the past year… and, it would seem, they have been heard.

This news was clearly expressed at the annual meeting of auctioneers that took place at the end of 2017. The French authorities are working towards a complete overhaul of the much-contested and obsolete regulatory framework that governs public auction sales in France. The Conseil des Ventes Volontaires (CVV) –France’s auction market oversight authority– will apparently become an agency of self-regulation, closer to the realities of the market and more in tune with the digital and global issues that have transformed the sector.

At the end of November, in front of the assembled heads of France’s auction sector, Sylvain Maillard, the elected representative for the Paris constituency that is home to the the famous Hôtel Drouot, and former campaign spokesman for Emmanuel Macron, clearly expressed the government’s willingness to act: “all the points you have raised have been taken very seriously by the public authorities (…) and all the possible solutions to these problems are currently being examined and explored.”

On March 7 next, the French Senate will be chairing a session entitled The attractiveness and legal competitiveness of the French art market, under the twin council of the Senate’s Law Commission and its Culture Commission. There can be no doubt that this initiative is part of a new reform dynamic that will lead to the adoption of a new legal framework as of 2018.

The removal of a major administrative impediment that is unique in Europe would indeed allow the French art market to begin the lengthy process of recovering the position it held for over a century in the global art market. End of quote.

These developments represent a major recognition for Artprice, and should lead to the resolution and satisfaction of all of Artprice’s claims & demands during a long and arduous battle.

The new awareness of the sound logic of investing in art, along with other motives such as speculative buying and collecting art as a passion have coincided with an intense level of demand for big-name masterpieces from the world’s new museums. Despite a generally lacklustre global economy, these market forces have boosted demand for artworks worldwide with the global auction turnover up +20% in 2017, generating a very impressive total of $14.9 billion.

The drivers of this growth are ease of access to Art Market information, electronic sales (98% of the market’s participants are connected to the Internet), the financialization of the market, a growing population of ever-younger art consumers (from 500,000 in the 1950’s to 90 million in 2017) and the extension of the market to the entire Asia/Pacific area plus India, South Africa, the Middle East and South America.

The growth of the museum industry is also playing a crucial role. With more than 700 new museums opening every year, the museum industry has become a global economic reality in the 21st Century. More museums opened between 2000 and 2014 than in the previous two centuries, and demand for museum-quality works is one of the key factors in the spectacular growth of the Art Market. The Art Market is now a mature and liquid market offering returns of 8% per year on works purchased over $200,000.

In 2017, the intense competition between China and the USA generated explosive growth in the West, but confirmed China’s role as the leading global marketplace for art despite US growth of +42% and the historic new absolute record of $450 million hammered for Leonardo da Vinci’s Salvator Mundi at Christie’s in New York. China’s domination is established with just $0.2 billion over the US. Art clearly represents an essential element in the Soft Power arsenals of the United States and China, and, on a smaller scale, of Qatar and the UAE.

China’s supremacy is also once again visible in our ranking of the world’s top 500 artists by annual auction turnover. Chinese artists represent 32.4% of the total number compared to just 16.4% for American artists. The rest are Europeans (46.2%) and other nationalities (5%) essentially Latin Americans and South-West Asians.

Considering the macro and micro-economic data, the last 18 years have confirmed the Art Market as a refuge against economic and financial turbulence, generating substantial and recurring returns.

In a context where central banks are effectively implementing negative interest rates, the Art Market has enjoyed insolent health with our new Artprice100® index showing a progression of +360% since 2000. This new index covers the Top 100 artists in all three major segments: Old Masters, Modern and Contemporary, from all over the world. However, this level of return is not restricted to works by star artists. Our analyses show that the average annual yield on artworks purchased above the $20,000 line is around 5.5%.

The Internet (Microsoft estimates over 5 billion people connected worldwide) has now become the principal and definitive forum for auction operators worldwide who are using it to consolidate their market shares on all continents. Of the world’s 6,300 auction houses, 98% are today present on the Internet (versus just 3% in 2005).

The Art Market is an efficient, historical and global market whose ability to withstand economic and geopolitical crises is now beyond any doubt. Over the last 18 years it has outperformed most of the world’s principal financial markets by a considerable margin.

Copyright 1987-2018 thierry Ehrmann

About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Artprice celebrates its 20th birthday, editorial by thierry Ehrmann, founder and CEO of Artprice. https://www.actusnews.com/fr/ARTPRICE/cp/2017/10/04/artprice-celebrates-its-20th-birthday-editorial-by-thierry-ehrmann-founder-and-ceo-of-artprice

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label).

Artprice’s Global Art Market Annual Report for 2017 published in March 2018: https://www.artprice.com/artprice-reports/the-art-market-in-2017

Artprice’s Contemporary Art Market Annual Report for 2017 – free access at https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2017

Artprice’s press releases: http://serveur.serveur.com/Press_Release/pressreleaseen.htm and https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom & https://plus.google.com/+Artpricedotcom/post

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos

http://goo.gl/zJssd

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos on Facebook: https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

The Abode of Chaos/Demeure du Chaos Contemporary Art Museum by thierry Ehrmann,author, sculptor, artist, photograph https://www.flickr.com/photos/home_of_chaos/sets/72157

Contact ir@artprice.com

Celebrating 20 years of Artprice – #133, to be continued on Twitter by thierry Ehrmann #ARTPRICEIS20TODAY

2018/02/08 Commentaires fermés

Artprice launches its “blue-chip” Art Market index, Artprice100®, designed for financiers and investors

2018/01/31 Commentaires fermés

Artprice’s Global Index® shows an average value increase for artworks of +30% since the index was started 20 years ago. Although this is an appreciable performance particularly at a time when central banks’ interest rates are close to zero in the United States (FED) and negative in Europe (ECB), if we focus uniquely on the most stable segment of the market, we find a much more impressive value accretion.

Thierry Ehrmann, founder and CEO of Artprice, said “Artprice’s econometrics department has created a new index that ignores the most volatile artists (those most subject to the price impact of fashion and speculation) and focuses exclusively on the art market’s “blue-chip” artists. This new index, Artprice100®, shows that art is an extremely competitive financial investment over the longer term.”

Artprice’s new Artprice100® scientific index is subject to IPR protection and represents a major new weapon in Artprice’s commercial arsenal as World Leader in Art Market Information.

PRINCIPLE

The objective of Artprice’s new Artprice100® index is to monitor and quantify the art market’s value accretion by focusing on its most stable elements. This new scientific index is a new tool in Artprice’s panoply of proprietary decision-support tools. In effect, the Artprice100® index represents an unavoidable new benchmark in a financial world constantly searching for new investment opportunities in efficient markets.

The creation of the Artprice100® index is a response to a recurring demand from Artprice’s financial and banking institution customers, particularly in the Private Banking segment, who need a reliable and durable benchmark that does not require specialist knowledge of the Art Market from its user.

With the Artprice100®, the Art Market – universally considered an alternative to traditional financial investments – now has a benchmark comparable to the world’s major stock indices like the S&P 500, the FTSE 100, the CAC 40, the DAX and the NIKKEI 225. It is composed using the same general principles for the construction of these indices: it focuses on the Art Market’s fundamental artists and takes into account their relative weight and importance.

COMPOSITION

The composition of the Artprice100® is adjusted by a scientific committee every 1st January to reflect the evolution of the Art Market. The index essentially identifies the 100 top-performing artists at auction over the previous five years who satisfy a key liquidity criterion (at least ten works of comparable quality sold each year). The weight of each artist is proportional to his/her annual auction turnover over the relevant period.

Thus, starting from 1 January 2000 – the Artprice100®’s reference year – an investment is made on the 100 artists whose auction results are the most regular (constant) and the highest (in turnover terms) during the previous five years (i.e. 1995, 1996, 1997, 1998 and 1999). The relative weight of each of the 100 artists is detailed in Appendix 1.

The composition of the index does not change during the year. Therefore, the overall value of the Artprice100® evolves according to the individual average performances of each artist in the portfolio, adjusted according to his or her weight within the portfolio.

FINANCIAL PERFORMANCES

In 2000, the value of the Artprice100® increased by 10.9%. Thus, for an initial investment of $100, the value of this portfolio already reached $110.9 by the end of 2000.

The contribution of each artist to this result provides additional information. For example, in 2000, the artist Pablo Picasso had a 16% weighting in the portfolio. During that year, his auction performance contracted by 9%. Therefore, the initial $16 invested in Pablo Picasso (16% of $100) was valued, at 31 December 2000, at $14.6.

Fortunately, the portfolio’s diversification helped offset Pablo Picasso’s negative performance in 2000. So, for example, that year saw strong positive performances for Robert Rauschenberg (+59%), Antoni Tapies (+48%), René Magritte (+18%), allowing the Artprice100® index to post a quite remarkable performance for the portfolio as a whole.

Over the long term, the performance of the Artprice100® largely exceeds that of Artprice’s Global Index and of the US stock market, as represented by the S&P 500.

The Artprice100® index
Base 100 at 1 January 2000

Evolution de l’indice des prix Artprice100® Base 100 au premier janvier 2000

 

INDIVIDUAL PERFORMANCES

The Artprice100® index provides essential information since its very composition reflects the progressive evolution of the Art market. The artists included each year in the Top 100 are the market’s most important artists, weighted for their average performances over the previous five years.

This purely objective criterion allows identification of the most stable segment of the Art Market with a built-in evolution mechanism (annual adjustment). In fact, the new index relies on a huge mass of market information (Artprice’s Big Data) and eliminates possible blind spots that might escape the Index’s Scientific Council by analysing repeat sales and auction results from all over the planet. With its intranet connecting it with more than 6,300 Auction Houses, Artprice is the only organisation in the world that can process this data and produce an index based on a highly complex series of calculations.

The composition of the Artprice100® for the years 2000 and 2017 is provided in the Appendices. From 2016 to 2017, four artists joined the index and four left (as with stock indices):

Joiners (incoming): Agnes Martin, Francis Picabia, Barbara Hepworth, Michelangelo Pistoletto
Leavers (outgoing): Giorgio De Chirico, Alexej von Jawlensky, Paul Klee, Cindy Sherman

This gradual transformation of the 100 artists within the Artprice100® is striking over the long term. For example, in 2000, there was only one Chinese artist in this list (Zhang Daqian) compared with 18 in 2017.

CONCLUSION

Over 18 years, the Artprice100® grew by 360%, generating an average annual return of 8.9%. This revolutionary approach to investment in the Art Market allows the financial and investment community to apprehend the Art Market via the art of “index management”, a possibility that was hitherto non-existent. This average annual return of 8.9% represents the profitability of the art market’s most stable segment.

It proves once again that a relatively well-diversified art portfolio, constructed on the basis of a simple and non-aggressive acquisition strategy, has a genuine economic raison d’être, quite apart from the non-pecuniary benefits of collecting art.

Over the last 20 years, the art market has massively increased in liquidity and has grown to now be widely appreciated as a genuinely efficient market to which Artprice – as world leader – has substantially contributed.

Via its contacts in the financial sphere, Artprice aims to get its Artprice100® index and derivative products rapidly included in the standard financial newsflow packages used in trading rooms around the world.

Appendix 1
Composition of the Artprice100® in 2000
Rank – Artist – Weight

1 – Pablo PICASSO – 16.1%
2 – Claude MONET – 7.8%
3 – Paul CÉZANNE – 5.3%
4 – Pierre-Auguste RENOIR – 4.7%
5 – Edgar DEGAS – 3.9%
6 – Henri MATISSE – 2.9%
7 – Marc CHAGALL – 2.8%
8 – Amedeo MODIGLIANI – 2.8%
9 – Andy WARHOL – 2.2%
10 – Joan MIRO – 2.0%
11 – Camille PISSARRO – 1.7%
12 – Fernand LÉGER – 1.7%
13 – René MAGRITTE – 1.6%
14 – Henry MOORE – 1.4%
15 – Alberto GIACOMETTI – 1.3%
16 – Auguste RODIN – 1.2%
17 – Georges BRAQUE – 1.1%
18 – Pierre BONNARD – 1.1%
19 – Jean DUBUFFET – 1.1%
20 – Kees VAN DONGEN – 1.0%
21 – Paul GAUGUIN – 1.0%
22 – Jasper JOHNS – 1.0%
23 – Wassily KANDINSKY – 1.0%
24 – Paul KLEE – 0.9%
25 – Alexander CALDER – 0.9%
26 – Alfred James MUNNINGS – 0.9%
27 – Alfred SISLEY – 0.9%
28 – Maurice DE VLAMINCK – 0.9%
29 – Gerhard RICHTER – 0.8%
30 – Édouard VUILLARD – 0.8%
31 – Willem DE KOONING – 0.8%
32 – Jean-Michel BASQUIAT – 0.8%
33 – Emil NOLDE – 0.8%
34 – Roy LICHTENSTEIN – 0.8%
35 – Giorgio MORANDI – 0.8%
36 – Egon SCHIELE – 0.7%
37 – Pieter II BRUEGHEL – 0.7%
38 – Salvador DALI – 0.7%
39 – Lucio FONTANA – 0.7%
40 – Juan GRIS – 0.6%
41 – Giorgio DE CHIRICO – 0.6%
42 – Ernst Ludwig KIRCHNER – 0.6%
43 – Maurice UTRILLO – 0.6%
44 – Raoul DUFY – 0.6%
45 – Eugène BOUDIN – 0.6%
46 – Camille Jean-Baptiste COROT – 0.5%
47 – Paul SIGNAC – 0.5%
48 – Edvard MUNCH – 0.5%
49 – Francis BACON – 0.5%
50 – Rufino TAMAYO – 0.5%
51 – Alexej VON JAWLENSKY – 0.5%
52 – Cy TWOMBLY – 0.4%
53 – Wifredo LAM – 0.4%
54 – Diego GIACOMETTI – 0.4%
55 – Laurence Stephen LOWRY – 0.4%
56 – Piet MONDRIAAN – 0.4%
57 – Marino MARINI – 0.4%
58 – Jack Butler YEATS – 0.4%
59 – Max ERNST – 0.4%
60 – Odilon REDON – 0.4%
61 – Albert MARQUET – 0.4%
62 – Georges ROUAULT – 0.4%
63 – Franz MARC – 0.4%
64 – Sam FRANCIS – 0.3%
65 – Fernando BOTERO – 0.3%
66 – Robert RAUSCHENBERG – 0.3%
67 – Richard DIEBENKORN – 0.3%
68 – Hermann Max PECHSTEIN – 0.3%
69 – Bernard BUFFET – 0.3%
70 – Henri-Théodore FANTIN-LATOUR – 0.3%
71 – Diego RIVERA – 0.3%
72 – Roberto MATTA – 0.3%
73 – Karel APPEL – 0.3%
74 – Georg BASELITZ – 0.3%
75 – Frank STELLA – 0.3%
76 – Serge POLIAKOFF – 0.3%
77 – Moïse KISLING – 0.3%
78 – MAN RAY – 0.3%
79 – Yves KLEIN – 0.3%
80 – ZHANG Daqian – 0.3%
81 – Asger JORN – 0.3%
82 – Gino SEVERINI – 0.3%
83 – John LAVERY – 0.3%
84 – Anders Leonard ZORN – 0.2%
85 – Aristide MAILLOL – 0.2%
86 – Lyonel FEININGER – 0.2%
87 – Erich HECKEL – 0.2%
88 – Max BECKMANN – 0.2%
89 – Sigmar POLKE – 0.2%
90 – Marie LAURENCIN – 0.2%
91 – Henri MARTIN – 0.2%
92 – Henri LE SIDANER – 0.2%
93 – Otto DIX – 0.2%
94 – Louis VALTAT – 0.2%
95 – Gustave LOISEAU – 0.2%
96 – Antoni TAPIES – 0.2%
97 – Jean FAUTRIER – 0.2%
98 – Adrien Jean LE MAYEUR DE MERPRES – 0.2%
99 – Massimo CAMPIGLI – 0.2%
100 – David HOCKNEY – 0.2%

Appendix 2
Composition of the Artprice100® in 2017

Rank – Artist – Weight

1 – Pablo PICASSO – 6.8%
2 – Andy WARHOL – 6.8%
3 – ZHANG Daqian – 4.4%
4 – QI Baishi – 3.8%
5 – Gerhard RICHTER – 3.7%
6 – Claude MONET – 3.4%
7 – Francis BACON – 3.3%
8 – Jean-Michel BASQUIAT – 2.9%
9 – Roy LICHTENSTEIN – 2.2%
10 – Alberto GIACOMETTI – 2.1%
11 – FU Baoshi – 2.0%
12 – Cy TWOMBLY – 1.9%
13 – ZAO Wou-Ki – 1.8%
14 – Amedeo MODIGLIANI – 1.8%
15 – XU Beihong – 1.8%
16 – Alexander CALDER – 1.8%
17 – LI Keran – 1.8%
18 – Lucio FONTANA – 1.7%
19 – Joan MIRO – 1.7%
20 – WU Guanzhong – 1.7%
21 – Willem DE KOONING – 1.6%
22 – HUANG Zhou – 1.5%
23 – Marc CHAGALL – 1.4%
24 – HUANG Binhong – 1.3%
25 – LU Yanshao – 1.3%
26 – Jeff KOONS – 1.3%
27 – Christopher WOOL – 1.2%
28 – LIN Fengmian – 1.0%
29 – CHU Teh-Chun – 1.0%
30 – Yves KLEIN – 0.9%
31 – Henri MATISSE – 0.9%
32 – Fernand LÉGER – 0.9%
33 – René MAGRITTE – 0.9%
34 – Henry MOORE – 0.9%
35 – Jean DUBUFFET – 0.9%
36 – Wassily KANDINSKY – 0.8%
37 – PAN Tianshou – 0.8%
38 – Edvard MUNCH – 0.8%
39 – Pierre-Auguste RENOIR – 0.8%
40 – Paul CÉZANNE – 0.7%
41 – SAN Yu – 0.7%
42 – Yayoi KUSAMA – 0.7%
43 – Peter DOIG – 0.6%
44 – PU Ru – 0.6%
45 – Edgar DEGAS – 0.6%
46 – Auguste RODIN – 0.6%
47 – Richard PRINCE – 0.6%
48 – Joan MITCHELL – 0.6%
49 – Sigmar POLKE – 0.5%
50 – Camille PISSARRO – 0.5%
51 – Paul GAUGUIN – 0.5%
52 – Salvador DALI – 0.5%
53 – Martin KIPPENBERGER – 0.4%
54 – Ed RUSCHA – 0.4%
55 – DONG Qichang – 0.4%
56 – Paul SIGNAC – 0.4%
57 – Piet MONDRIAAN – 0.4%
58 – Egon SCHIELE – 0.4%
59 – Alberto BURRI – 0.4%
60 – Richard DIEBENKORN – 0.4%
61 – Georges BRAQUE – 0.4%
62 – Juan GRIS – 0.4%
63 – WEN Zhengming – 0.4%
64 – Damien HIRST – 0.4%
65 – Pieter II BRUEGHEL – 0.4%
66 – Donald JUDD – 0.3%
67 – Louise BOURGEOIS – 0.3%
68 – Keith HARING – 0.3%
69 – Piero MANZONI – 0.3%
70 – Alfred SISLEY – 0.3%
71 – David HOCKNEY – 0.3%
72 – Max ERNST – 0.3%
73 – CHEN Yifei – 0.3%
74 – Ernst Ludwig KIRCHNER – 0.3%
75 – Frank STELLA – 0.3%
76 – Sam FRANCIS – 0.3%
77 – Pierre BONNARD – 0.3%
78 – Alighiero BOETTI – 0.3%
79 – Kees VAN DONGEN – 0.3%
80 – Jasper JOHNS – 0.3%
81 – Pierre SOULAGES – 0.3%
82 – Bernard BUFFET – 0.3%
83 – Fernando BOTERO – 0.3%
84 – Laurence Stephen LOWRY – 0.3%
85 – Agnes MARTIN – 0.3%
86 – Enrico CASTELLANI – 0.3%
87 – Robert RAUSCHENBERG – 0.3%
88 – Morton Wayne THIEBAUD – 0.3%
89 – Nicolas DE STAËL – 0.3%
90 – Francis PICABIA – 0.2%
91 – Barbara HEPWORTH – 0.2%
92 – Anselm KIEFER – 0.2%
93 – GUAN Liang – 0.2%
94 – YU Fei’an – 0.2%
95 – Emil NOLDE – 0.2%
96 – Maurice DE VLAMINCK – 0.2%
97 – Georg BASELITZ – 0.2%
98 – Tom WESSELMANN – 0.2%
99 – Anish KAPOOR – 0.2%
100 – Michelangelo PISTOLETTO – 0.2%

 

Copyright 1987-2018 thierry Ehrmann

About Artprice:

Artprice celebrates its 20th birthday, editorial by thierry Ehrmann, founder and CEO of Artprice. https://www.actusnews.com/fr/ARTPRICE/cp/2017/10/04/artprice-celebrates-its-20th-birthday-editorial-by-thierry-ehrmann-founder-and-ceo-of-artprice

https://artmarketinsight.wordpress.com/category/artprice-is-20-today/

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label).

Artprice’s Global Art Market Annual Report for 2016 published last March 2017: http://imgpublic.artprice.com/pdf/rama2016_en.pdf

Artprice’s Contemporary Art Market Annual Report for 2016 – free access at https://www.artprice.com/artprice-reports/the-art-market-in-2016

The text presented hereafter is a translation of Arte Creative’s online presentation: ARTE: A gigantic Christmas tree in the guise of a butt plug, a machine that defecates five-star meals, an icon immersed in urine and staged corpses – subversive, trash, provocative or insulting? Thierry Ehrmann, the man behind The Abode of Chaos dixit « The New York Times », an artist and the founder of Artprice, is the mouthpiece for scandal and discloses the workings of the most striking controversies in contemporary art. And scandal sells. 9 episodes are online: http://www.arte.tv/guide/en/weekly-highlight

Artprice’s press releases: http://serveur.serveur.com/Press_Release/pressreleaseen.htm and https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom & https://plus.google.com/+Artpricedotcom/posts

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos http://goo.gl/zJssd
https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos on Facebook: https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

The Abode of Chaos/Demeure du Chaos Contemporary Art Museum by thierry Ehrmann,author, sculptor, artist, photograph https://www.flickr.com/photos/home_of_chaos/sets/72157

Contact ir@artprice.com

 

thierry Ehrmann: « The FCC’s decision last night represents the most positive and significant event over the last 20 years of Artprice’s history »

2017/12/18 Commentaires fermés

Thierry Ehrmann, founder and CEO of Artprice:

“The FCC’s decision last night represents the most positive and significant event over the last 20 years of Artprice’s history and it confirms beyond any doubt Artprice’s revenue forecasts for the Internet kiosk payment system, which Artprice has always defended, rejecting all forms of online advertising and considering the purchase of Artprice content by credit card as an outright commercial heresy.”

Artprice reacts to the decision on 14 December 2017 by the powerful American Federal Commission of Communications (FCC) that repealed the principle of Internet neutrality.

Contrary to the speculative and truncated analyses that have been circulating, this decision is in the best interests and provides better legal protection *footnote for Internet users, Telecom operators and high-quality content publishers like Artprice.

Remember that Artprice’s IPO prospectus and all its reference documents subsequently filed with the AMF indicate that Artprice had always unambiguously preferred the Internet kiosk payment system – billed from $1 to $5 per minute, with 80% credited to the content provider by the Telecom operator, which charges the subscriber directly via his telephone/Internet bill.

Indeed, Artprice has always categorically rejected online advertising, considering it negative for Internet users, because, unlike the television where viewers are passive, Internet users are by nature active and see online advertising as an annoying obstacle to their search for information.

Similarly the purchase of content with a credit card takes an unimaginably long time and is a very tedious process that is getting more and more complicated as the years go by.

Proof of this is provided by French provider Orange® in a Wanadoo® document that stipulates that 70% of its clients drop out of content purchases when confronted with the current bankcard payment system – excluding purchases of physical goods… which Artprice doesn’t sell.

As of 1985, Server Group, Artprice’s parent company, built its position as French leader of the Teletel (Minitel) with access to its legal, judicial and economic databanks, charged between 5.57 francs/minute and 9.21 francs/minute.

In 20 years of mergers and acquisitions, Server Group helped numerous content publishers switch from subscription fee mode 3614 dial-up short code to kiosk payment mode 3617 ($1/minute) or 3629 ($2/minute) dial-up short codes. Each time, the turnover of the publisher was multiplied by a minimum of 5 times within 2 months (it took the DGAT – French General Directorate Telematics Affairs – 45 days to implement the switch).

In the area of accounting, Artprice itself has irrefutable proof that the kiosk system boosts revenue very significantly.

After its acquisition of Artprice Annual (among its many other acquisitions), Artprice discovered that a Minitel company holding the 3617 Artcote franchise since 1991 generated an excellent turnover very close to its net income, with just 4 updates per year and no provision of indices, images (reproductions of artworks), information concerning future sales, artists’ biographies and no search, selection, or decision support tools… and no alerts. In short, despite these major handicaps, the company generated a better revenue, on a like-for-like basis, than Artprice, until 2000.

Moreover, concerning France, Artprice has undeniable scientific and economic evidence that during the Minitel era, the French Ministry of Telecommunications (via its State subsidiary Transpac) experienced substantial Teletel data flow problems. In 1985 the Telecom Ministry invested heavily via Transpac to ensure the smooth flow of content from the server centres to the 14 million Minitel users.

That same year, dial-up short code 3614, with its paid subscription by check or credit card, was shelved and replaced more than 95% by the kiosk payment system.

What happened on 14 December 2017 with the FCC vote is a similar response.

*footnote:

In simple terms, the FCC ruling now allows Internet operators in the world, including the 13 root servers in the US (because the Internet is indeed under American tutelage) to guarantee the reliability of contents from A (content servers in the world) to Z (end customers) with a perfectly controlled flow, which was not the case until the vote to repeal Internet neutrality.

This historic vote will set the foundations for a properly dynamic and ‘virtuous’ economy and protect consumers who will benefit from a proper legal protection on purchased data. The introduction of contract law into the provision of contents will prevent the dissemination of “fake news” as well as of countless other forms of Internet misuse and abuse.

www.artprice.com Copyright thierry Ehrmann 1987/2017

About Artprice:

Artprice celebrates its 20th birthday, editorial by thierry Ehrmann, founder and CEO of Artprice. https://www.actusnews.com/fr/ARTPRICE/cp/2017/10/04/artprice-celebrates-its-20th-birthday-editorial-by-thierry-ehrmann-founder-and-ceo-of-artprice

https://artmarketinsight.wordpress.com/category/artprice-is-20-today/

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label).

Artprice’s Global Art Market Annual Report for 2016 published last March 2017: http://imgpublic.artprice.com/pdf/rama2016_en.pdf

Artprice’s Contemporary Art Market Annual Report for 2016 – free access at https://www.artprice.com/artprice-reports/the-art-market-in-2016

The text presented hereafter is a translation of Arte Creative’s online presentation: ARTE: A gigantic Christmas tree in the guise of a butt plug, a machine that defecates five-star meals, an icon immersed in urine and staged corpses – subversive, trash, provocative or insulting? Thierry Ehrmann, the man behind The Abode of Chaos dixit « The New York Times », an artist and the founder of Artprice, is the mouthpiece for scandal and discloses the workings of the most striking controversies in contemporary art. And scandal sells. 9 episodes are online: http://www.arte.tv/guide/en/weekly-highlight

Artprice’s press releases: http://serveur.serveur.com/Press_Release/pressreleaseen.htm and https://twitter.com/artpricedotcom

News Artmarket:

http://twitter.com/artpricedotcom https://www.facebook.com/artpricedotcom

https://www.facebook.com/artpricedotcom

https://plus.google.com/+Artpricedotcom/posts

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos http://goo.gl/zJssdhttps://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos on Facebook: https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

The Abode of Chaos/Demeure du Chaos Contemporary Art Museum by thierry Ehrmann,author, sculptor, artist, photograph https://www.flickr.com/photos/home_of_chaos/sets/72157

Leonardo da Vinci’s Salvator Mundi to be exhibited at the Louvre Museum alongside the Mona Lisa is evidence the Museum Industry(R) economy conceptualized by Artprice is a reality

2017/11/30 Commentaires fermés

Artprice had given the price for Leonardo da Vinci’s Salvator Mundi 3 months in advance (AOF press agency) and has explained it in its different releases including the following:

https://www.actusnews.com/fr/ARTPRICE/cp/2017/11/19/artprice-the-auction-record-for-salvator-mundi-by-leonardo-da-vinci-proves-that-the-museum-industry-reg-is-completely

Leonardo da Vinci, Salvator Mundi

Leonardo da Vinci, Salvator Mundi

Artprice also explained in a interview with French newspaper JDD that the Museum Industry® economy (conceptualized by Artprice since 2005) is the foundation of the construction of this record price, which could only be understood through the Art Market’s paradigm shift of which she has become the main driving force.

thierry Ehrmann: « The absolute proof has been given this morning when Jean-Luc Martinez, President-Director of the Louvre museum, in an interview with RTL radio, stated that exhibiting the Salvator Mundi alongside the Mona Lisa in the context of a Leonardo da Vinci exhibition for the celebration of the Grand Louvre’s 30th Anniversary was under negotiation. The AFP dispatch, released a few minutes ago, also reported the capital information through its international news feed.

That is the heart of the Museum Industry®’s business model, that sees such an exhibition have an exponential impact on the growth of the Louvre’s ticket sales.

Also, no one will dare doubt the statement of a senior official at the French Ministry of Culture.

The new economic science – taught by Artprice – is relentlessly pushing prices up. Our conviction about the evolution of the art market started with a simple observation: the exponential nature of art museum openings around the world. In 2014 an Artprice meta-study revealed that more art museums opened between January 2000 and December 2014 than during the entire 19th and 20th centuries.

It also revealed that roughly 700 new art museums are being built every year on 5 continents, each with international vocations and each with at least 4,500 artworks.

This massive expansion of the global museum industry® goes hand-in-hand with a major soft-power competition between the world’s nations, particularly its major powers (China / US) and the Gulf States. Indeed, soft-power rivalry is leading the art market inexorably towards spectacular new auction results. In our well-documented view, we are likely to see results around the billion dollar threshold by 2020.”

Indeed, thanks to its direct Intranet link to major Auction Houses, Artprice is aware of plans for prestige sales in the near future. According to our econometrics department and our Big Data algorithms, we can already predict that several sales will generate results in excess of one billion dollars, notably Christie’s sale of the David and Peggy Rockefeller collection next May in New York.

The Art Market, as reported by Artprice in its reports and the present release, is recording one record after the other for all periods – Old Master, Modern Art & Contemporary Art. To name a few: Kerry James Marshall – Still Life with Wedding Portrait – Christie’s NY 15 Nov. 2017; Carmen HERRERA – Untitled (Orange and Black) (1956) – Phillips NY 16 Nov. 2017; this week, the record for Camille Claudel was shattered at Artcurial, with the preemption of many museums, precisely.

Also, The New York Times agreed with Artprice’s analysis on the Museum Industry®.

www.artprice.com Copyright thierry Ehrmann 1987/2017

About Artprice:

Artprice celebrates its 20th birthday, editorial by thierry Ehrmann, founder and CEO of Artprice. https://www.actusnews.com/fr/ARTPRICE/cp/2017/10/04/artprice-celebrates-its-20th-birthday-editorial-by-thierry-ehrmann-founder-and-ceo-of-artprice

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label).

Artprice’s Global Art Market Annual Report for 2016 published last March 2017: http://imgpublic.artprice.com/pdf/rama2016_en.pdf

Artprice’s Contemporary Art Market Annual Report for 2016 – free access at https://www.artprice.com/artprice-reports/the-art-market-in-2016

The text presented hereafter is a translation of Arte Creative’s online presentation: ARTE: A gigantic Christmas tree in the guise of a butt plug, a machine that defecates five-star meals, an icon immersed in urine and staged corpses – subversive, trash, provocative or insulting? Thierry Ehrmann, the man behind The Abode of Chaos dixit « The New York Times », an artist and the founder of Artprice, is the mouthpiece for scandal and discloses the workings of the most striking controversies in contemporary art. And scandal sells. 9 episodes are online: http://www.arte.tv/guide/en/weekly-highlight

Artprice’s press releases: http://serveur.serveur.com/Press_Release/pressreleaseen.htm and https://twitter.com/artpricedotcom

News Artmarket:

http://twitter.com/artpricedotcom https://www.facebook.com/artpricedotcom

https://www.facebook.com/artpricedotcom

https://plus.google.com/+Artpricedotcom/posts

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos http://goo.gl/zJssdhttps://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos on Facebook: https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

The Abode of Chaos/Demeure du Chaos Contemporary Art Museum by thierry Ehrmann,author, sculptor, artist, photograph https://www.flickr.com/photos/home_of_chaos/sets/72157

The New York Times agrees with Artprice’s anticipation of the complete redefinition of the art market’s price scale after Leonardo Da Vinci’s Salvator Mundi record

2017/11/27 Commentaires fermés

Artprice’s dedicated global publications monitoring team – part of its Artmarket Insight news agency – cannot but react warmly to the article published on 24 November 2017 in the New York Times. Penned by Scott Reyburn, one of the world’s most famous art journalists, its title perfectly concords with Artprice’s analysis. Entitled How This Leonardo’s Mind-Blowing Price Will Change the Art Market, the article is available online at:

https://www.nytimes.com/2017/11/24/arts/design/salvator-mundi-leonardo.html

thierry Ehrmann: “Artprice notes the perfect concordance of this article with our press release on 19 November 2017, available online at:

for the English version:

https://www.actusnews.com/fr/ARTPRICE/cp/2017/11/19/artprice-the-auction-record-for-salvator-mundi-by-leonardo-da-vinci-proves-that-the-museum-industry-reg-is-completely

It is now clear that the new auction record of $450.3 million for Leonardo da Vinci’s Salvator Mundi has led to an almost identical appreciation of where the art market is going on both sides of the Atlantic… except that our analysis was publicised well before the result.

Leonardo da Vinci, Salvator Mundi

Leonardo da Vinci, Salvator Mundi

Indeed, the new record has immediately ratcheted high-end art prices with a number of works fetching significantly higher than their estimates. Artprice has long predicted the formation of a new economic model within the art market, a model that is now clearly emerging because the art market has become efficient, mature and liquid and is now an appropriate subject for sophisticated econometric and technical analysis.

However, the art market’s revolution is not just limited to its price scale and structure: by including Leonardo da Vinci’s Salvator Mundi in a sale of Contemporary Art Christie’s has completely overturned a long-standing convention. This remarkable break with tradition by a secular institution represents a major milestone for the future of the art market as it mutates into a proper market economy with the Internet serving as its primary market forum (auction sales are becoming increasingly dematerialized).

Thierry Ehrmann: “The Museum Industry®, a business model that Artprice conceptualised and IP copyrighted as of 2005, is driving this paradigm shift.

The new economic science – taught by Artprice – is relentlessly pushing prices up. Our conviction about the evolution of the art market started with a simple observation: the exponential nature of art museum openings around the world. In 2014 an Artprice meta-study revealed that more art museums opened between January 2000 and December 2014 than during the entire 19th and 20th centuries.

It also revealed that roughly 700 new art museums are being built every year on 5 continents, each with international vocations and each with at least 4,500 artworks.

This massive expansion of the global museum industry® goes hand-in-hand with a major soft-power competition between the world’s nations, particularly its major powers (China / US) and the Gulf States. Indeed, soft-power rivalry is leading the art market inexorably towards spectacular new auction results. In our well-documented view, we are likely to see results around the billion dollar threshold by 2020.

Indeed, thanks to its direct Intranet link to major Auction Houses, Artprice is aware of plans for prestige sales in the near future. According to our econometrics department and our Big Data algorithms, we can already predict that several sales will generate results in excess of one billion dollars, notably Christie’s sale of the David and Peggy Rockefeller collection next May in New York.

Artprice also notes that Sotheby’s is preparing a particularly flamboyant 2018 with a series of spectacular sales that should allow the firm to close the gap that has recently emerged with its primary rival.

We are also receiving similar signals from Asia, particularly from China.

Less than an hour before this communiqué was released, France Television published an article based 100% on Artprice’s copyrighted (2005) analysis of the Museum Industry® as a way of understanding the price of artworks.

https://www.francetvinfo.fr/economie/emploi/metiers/art-culture-edition/video-deux-dix-ou-cinquante-milliards-d-euros-ca-vaut-combien-la-joconde_2481337.html

The Mona Lisa is arguably the most famous painting in the world. Tourists flock to admire the painting in the Louvre. It is also one of the few paintings entirely created produced by one of the greatest artists in history. Rarity, celebrity, technical perfection, a cocktail that makes its value difficult to estimate. An expert and two auctioneers interviewed by FranceInfo made a rational calculation based on quantifiable variables.

For Elsa Gody, you can apply a simple formula: take the price of a ticket to the Louvre Museum, multiply it by the number of visitors over a given period… According to the Catawiki auctioneer “that comes to about two billion euros”. His colleague Pierre Blanchet is less ‘rational’ arguing that the ‘passion’ for the painting makes its value impossible to estimate, especially during an auction where prices can quickly soar. … / … « Why not 10 billion? » he finally says.

Artprice hereby predicts that the Art Market will definitively change price scale in 2018.

In view of the above, Artprice confirms that in 2018 the Art Market will definitely change its price scale, both in the terms of total turnover and in terms of spectacular new records for Old Master, Modern and Contemporary artworks sold in prestige catalogued sales that will fetch around one billion dollars.

According to our econometrics department over 180 artists should substantially renew their their auction records in 2018. The face of the Art Market, which Artprice has become an integral part of as the World Leader in Art Market Information for 20 years, has now definitively changed.

www.artprice.com

Copyright thierry Ehrmann 1987/2017

About Artprice:

Artprice celebrates its 20th birthday, editorial by thierry Ehrmann, founder and CEO of Artprice. https://www.actusnews.com/fr/ARTPRICE/cp/2017/10/04/artprice-celebrates-its-20th-birthday-editorial-by-thierry-ehrmann-founder-and-ceo-of-artprice

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label).

Artprice’s Global Art Market Annual Report for 2016 published last March 2017: http://imgpublic.artprice.com/pdf/rama2016_en.pdf

Artprice’s Contemporary Art Market Annual Report for 2016 – free access at https://www.artprice.com/artprice-reports/the-art-market-in-2016

The text presented hereafter is a translation of Arte Creative’s online presentation: ARTE: A gigantic Christmas tree in the guise of a butt plug, a machine that defecates five-star meals, an icon immersed in urine and staged corpses – subversive, trash, provocative or insulting? Thierry Ehrmann, the man behind The Abode of Chaos dixit « The New York Times », an artist and the founder of Artprice, is the mouthpiece for scandal and discloses the workings of the most striking controversies in contemporary art. And scandal sells. 9 episodes are online: http://www.arte.tv/guide/en/weekly-highlight

Artprice’s press releases: http://serveur.serveur.com/Press_Release/pressreleaseen.htm and https://twitter.com/artpricedotcom

News Artmarket:

http://twitter.com/artpricedotcom https://www.facebook.com/artpricedotcom

https://www.facebook.com/artpricedotcom

https://plus.google.com/+Artpricedotcom/posts

http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos http://goo.gl/zJssdhttps://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos on Facebook: https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

The Abode of Chaos/Demeure du Chaos Contemporary Art Museum by thierry Ehrmann,author, sculptor, artist, photograph https://www.flickr.com/photos/home_of_chaos/sets/72157

Le tableau de Léonard de Vinci « Salvator Mundi » a été adjugé mercredi 450,3 millions de dollars conformément aux prévisions d’Artprice (450/500 M$).

2017/11/16 Commentaires fermés

Le tableau de Léonard de Vinci « Salvator Mundi » a été adjugé mercredi 450,3 millions de dollars conformément aux prévisions d’Artprice (450/500 M$).

Le dernier Da Vinci « Salvator Mundi » (sauveur du monde)

New York #Artprice #DaVinci – Un tableau du peintre italien Léonard de Vinci a été adjugé mercredi 450,3 millions de dollars lors d’enchères chez Christie’s à New York, pulvérisant le record de la toile la plus chère du monde.

Au terme d’une séquence de 19 minutes, « Salvator Mundi » (sauveur du monde), dernier tableau du maître encore en possession d’un collectionneur privé, a laissé loin derrière « Les Femmes d’Alger (version 0) », de Pablo Picasso, vendu 179,4 millions de dollars en 2015.

La dernière œuvre connue de LEONARDO DA VINCI encore en mains privées vient de passer sous le feu des enchères chez Christie’s… Le Sauveur du Monde (Salvatore Mundi), pendant masculin de la Joconde est, pour reprendre les mots du spécialiste de l’art ancien chez Christie’s Alan Wintermute, le  »Saint Graal de l’art ancien ». Pourtant, ce chef-d’oeuvre absolu n’apparait pas au catalogue de la prochaine session Old Masters de Christie’s (le 31 octobre).

Contre toute attente, le précieux tableau, réalisé il y a cinq siècles, est inclus à la vente d’Art Contemporain et d’Après-Guerre qui se tiendra le 15 novembre 2017 à New York.  »Le dernier Da Vinci’, authentifié avec certitude en 2011 et estimé autour de 100 millions de dollars se retrouve ainsi dans le même catalogue que la dernière peinture de Warhol, Sixty Last Supper (1986), une œuvre gigantesque de trois mètres sur 10, comportant 60 variations de la célèbre Cène du même Léonard De Vinci.

Christie’s espère-t-elle faire  »coup double » en signant le même soir deux nouveaux records absolus à plus de 100 millions ? Cette pensée est permise sachant que Warhol a déjà passé ce seuil de prix en 2013 avec Silver Car Crash (Double Disaster), vendu 105,445 m$ chez Sotheby’s à New York.

En opérant de la sorte, Christie’s casse les codes habituels en mixant les époques et insiste par ailleurs sur le caractère éminemment spectaculaire des ventes d’Art Contemporain et d’après-guerre. C’est là que se jouent les plus grands enjeux.

Face au programme du 15 novembre, la session Old Masters du 31 octobre peut paraître un peu terne, même si un autoportrait d’Elisabeth VIGÉE-LEBRUN (600 000$ – 800 000$) et un paysage de John CONSTABLE (400 000$ – 600 000$) devraient conduire les enchères…

www.artprice.com Copyright thierry Ehrmann 1987/2017

A propos d’Artprice :

Artprice est cotée sur Eurolist by Euronext Paris, SRD long only et Euroclear : 7478 – Bloomberg : PRC – Reuters : ARTF.

Artprice est le Leader mondial des banques de données sur la cotation et les indices de l’Art avec plus de 30 millions d’indices et résultats de ventes couvrant plus de 657 000 Artistes. Artprice Images® permet un accès illimité au plus grand fonds du Marché de l’Art au monde, bibliothèque constituée de 126 millions d’images ou gravures d’œuvres d’Art de 1700 à nos jours commentées par ses historiens.

Artprice enrichit en permanence ses banques de données en provenance de 6300 Maisons de Ventes et publie en continu les tendances du Marché de l’Art pour les principales agences et 7200 titres de presse dans le monde. Artprice met à la disposition de ses 4,5 millions de membres (members log in), les annonces déposées par ses Membres, qui constituent désormais la première Place de Marché Normalisée® mondiale pour acheter et vendre des œuvres d’Art à prix fixe ou aux enchères (enchères réglementées par les alinéas 2 et 3 de l’article L 321.3 du code du commerce). Artprice labellisée par le BPI développe son projet de Blockchain sur le Marché de l’Art.

Le Rapport Annuel Artprice du Marché de l’Art mondial 2016 publié en mars 2017 :
https://fr.artprice.com/artprice-reports/le-marche-de-lart-en-2016

Le rapport du Marché de l’Art Contemporain 2016 d’Artprice est accessible gratuitement à l’adresse:
https://fr.artprice.com/artprice-reports/le-marche-de-lart-contemporain-2016

Communiqué d’ARTE : A la tête de La Demeure du Chaos/ Abode of Chaos dixit « The New York Times », thierry Ehrmann, artiste et fondateur d’Artprice dévoile en 9 épisodes les rouages des plus gros esclandres de l’art contemporain, qui garantissent à coup sûr des expositions blockbusters http://creative.arte.tv/fr/artscandale

Sommaire des communiqués d’Artprice :
http://serveur.serveur.com/press_release/pressreleasefr.htm et https://twitter.com/artpricedotcom

Suivre en temps réel toute l’actualité du Marché de l’Art avec Artprice sur Facebook, Google+ Twitter: https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom & https://plus.google.com/+Artpricedotcom/posts

http://artmarketinsight.wordpress.com/

Découvrir l’alchimie et l’univers d’Artprice http://web.artprice.com/video dont le siège social est le célèbre Musée d’art contemporain Abode of Chaos / Demeure du Chaos http://goo.gl/zJssd https://vimeo.com/124643720

Musée d’Art Contemporain siège social d’Artprice:
https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

Contact ir@artprice.com

Artprice: analyse de la 44ème édition de la FIAC face à la concurrence de la Frieze et des ventes publiques

2017/10/14 Commentaires fermés

thierry Ehrmann : « Le mois d’octobre accueille deux des plus grandes foires au monde : la Frieze à Londres et la FIAC à Paris. Non seulement ces deux événements prennent place à deux semaines d’intervalle d’un côté et de l’autre de la Manche (reliés en 2h par l’Eurostar), mais chacune de ces foires doit à présent composer avec les sessions de ventes de prestige, organisées en même temps et qui menacent de leur voler la vedette ».

Artprice analyse les nouveaux défis auxquels la FIAC et la Frieze doivent aujourd’hui faire face.

La stratégie des galeries

Pas d’oeuvres normalement de Njideka A. Crosby au Grand Palais pour les visiteurs de la FIAC 2017. La jeune peintre nigérienne est la grande révélation 2017 en salles de ventes, comme le souligne le dernier Rapport Artprice sur le Marché de l’Art Contemporain. Malgré son récent succès, Victoria Miro – sa principale galeriste – a choisi de présenter Conrad Shawcross, Secundino Hernández et Doug Aitken.

De même, les éminentes galeries qui représentent Adrian Ghenie (Pace, Thaddaeus Ropac, Plan B) n’ont pas prévu d’exposer la jeune superstar roumaine au Grand Palais cette année. Plus étonnant encore, il ne devrait pas y avoir à la FIAC cette année de toiles de Jean-Michel Basquiat. Faut-il voir dans ces choix la volonté des galeries de présenter d' »autres artistes » ? Y a-t-il un désir de leur part de se démarquer des enchères ? De se positionner « en marge » ou de donner l’impression d’être « en avance » par rapport aux œuvres qui circulent dans les salles de ventes ?

Cet hermétisme n’est évidemment pas absolu. David Zwirner a dévoilé son intention de présenter à la FIAC des œuvres de Sigmar Polke et Wolfgang Tillmans, deux signatures parmi les plus en vogue en salles de ventes. Le premier a enflammé la session d’Art Contemporain de Phillips ce 6 octobre 2017 à Londres avec Tänzerin (1994) #l-14193057, cédé pour 4,4 m$. Une autre toile importante, Was machen die Russen in Mexiko (1982) #l-14207217 de Sigmar Polke, sera mise en vente à Paris pendant la FIAC chez Christie’s. Cette œuvre, déjà passée deux fois aux enchères, avait atteint 170 500 $ #l-11477625 chez Sotheby’s à New York en 1988, puis 178 500 $ #l-803003 chez Christie’s en 1997. Elle est aujourd’hui estimée entre 3,5 m$ et 4,7 m$ et fera partie de la vente de la collection de Jean-François & Marie-Aline Prat ce 20 octobre à Paris.

Ce n’est pas un hasard si Christie’s a choisi d’organiser cette session de vente ultraprestigieuse durant la FIAC. La maison britannique montre en effet de plus en plus clairement sa volonté de profiter de l’agenda des grandes foires. Ainsi avait-elle décidé en juin de déplacer sa vente d’Art Contemporain et d’Après-guerre de Londres en octobre, afin de la faire coïncider avec la Frieze. Un pari à moitié remporté puisque la maison n’a pas réussi à vendre le lot phare de cette session : Study of Red Pope 1962. 2nd version 1971 #l-14155965 de Francis Bacon. Estimée entre 78 m$ et 104 m$, cette œuvre aurait dû établir un important record en Europe pour les ventes aux enchères.

Face à cet échec, les très bons résultats enregistrés à Londres pour Basquiat, Doig ou encore Gormley soulignent une évolution décisive : l’Art Contemporain est aujourd’hui le segment le plus explosif, et le premier moteur du Marché de l’Art. Un rôle qu’il a définitivement pris à l’Art d’Après-guerre.

Mélange d’enseignes internationales et de galeries locales

La FIAC reste d’abord le rendez-vous des grandes galeries parisiennes, notamment Chantal Crousel qui accueille les visiteurs dès l’entrée. Dans les allées principales, les visiteurs retrouvent Perrotin, Lelong, Mennour, Obadia, Almine Rech, Daniel Templon, Karsten Greve, Thaddaeus Ropac, etc.

Mais la FIAC est également le rassemblement à Paris des plus prestigieuses enseignes anglo-saxonnes : Gagosian, Zwirner, Lisson, Sadie Coles, Marian Goodman, Victoria Miro, Paula Cooper, Simon Lee, White Cube, Skarstedt, etc. C’est aussi l’excellence des marchands d’art européens, avec les Allemands calier | gebauer, Konrad Fisher et Sprüth Magers, les Italiens Massimo de Carlo et Continua, et les Belges Xavier Hufkens, Zeno X et Jan Mot.

Pour la deuxième année consécutive, Hauser & Wirth fait partie avec Lévy Gorvy des rares galeries prééminentes qui préfèrent la Frieze et dédaignent la FIAC. La proximité de deux grandes foires européennes rend ce double déplacement périlleux. A propos de l’édition 2016, la directrice parisienne de la galerie Gagosian déclarait pourtant : « Nous pensions que cette année serait un pari à relever à cause de l’écart de temps entre la FIAC et Frieze. Nous sommes très heureux des ventes réalisées et des rencontres que nous avons faites. Il y a eu une forte audience internationale et nous avons réalisé des ventes auprès de nouveaux clients. Paris devient la capitale de l’art. La qualité des présentations est remarquable« .

En 2016, la FIAC avait accueilli 72 080 visiteurs en 5 jours, soit +0,5 % de plus que l’année précédente. Pour comparaison, la Frieze London et la Frieze Masters ont accueilli conjointement un peu plus de 60 000 visiteurs lors de cette 15ème édition (du 5 au 8 octobre 2017).

En élargissant le nombre de galeries – 192 pour cette 44ème édition, contre 186 l’an dernier et 173 en 2015 – la FIAC diversifie les exposants sans faire de concessions sur le prestige. Au fil des ans, l’illustre événement culturel parisien montre son désir de présenter, face aux grandes galeries internationales, une scène artistique parallèle. Un ensemble de galeries « locales » représentent des artistes déjà reconnus dans leur pays et qui cherchent maintenant à profiter de la visibilité internationale de la FIAC. L’occasion pour eux de se faire connaître des grands collectionneurs. Le secteur Lafayette, en particulier, fait la part belle à ces nombreuses révélations, en rassemblant des galeries comme LambdaLambdaLambda (Prishtina, Kosovo), Truth and Consequences (Genève, Suisse) ou Gypsum (Le Caire, Egypte).

Parmi les exposants qui promettent de très belles découvertes, on peut citer la Belge Nadja Vilenne installée à Liège en Belgique, ou la galerie hongroise Kisterem. Enfin, Tomio Koyoma insufflera un peu d’Asie dans le Grand Palais, à l’intérieur duquel les exposants asiatiques, africains et sud-américains restent encore discrets.

Nombre de galeries par continent – FIAC 2017

 l’intérieur duquel les exposants asiatiques, africains et sud-américains restent encore discrets. Nombre de galeries par continent – FIAC 2017

On site et le Prix Marcel Duchamp

De l’autre côté de l’Avenue Churchill, On Site met la sculpture à l’honneur au Petit Palais. Face au succès que rencontre la Frieze Sculpture de l’autre côté de la Manche, avec ses dizaines de pièces monumentales éparpillées dans Regent Park, la FIAC souhaite se lancer dans une aventure similaire.

La liste des sculpteurs rassemblés pour ce projet est particulièrement variée et séduisante. Elle comprend aussi bien des noms connus de tous les Français, comme Arman, que des pionniers du minimalisme tels que David Nash et Richard Nonas. On site se veut aussi l’occasion de confronter les travaux de l’Autrichien Erwin Wurm, la Belge Joëlle Tuerlinckx ou encore le Camerounais Barthélémy Toguo, et de redécouvrir le travail en trois dimensions d’Antoni Tàpies.

Mais le véritable atout de la FIAC, celui qui distingue cette foire de toutes les autres, reste sans doute le prestigieux prix Marcel Duchamp, décerné depuis 2000 par l’ADIAF (l’Association pour la Diffusion Internationale de l’Art Français). Ce prix a déjà révélé de nombreux artistes, parmi lesquels Thomas Hirschhorn, Dominique Gonzales-Foerster, Tatiana Trouvé, Latifa Echakhch et le lauréat 2016 Kader Attia. Cette année, les quatres artistes nommés sont Maja Bajevic, Joana Hadjithomas & Khalil Joreige, Charlotte Moth et Vittorio Santoro. Leurs travaux sont présentés au 1er niveau du Centre Pompidou, du 27 septembre 2017 au 8 janvier 2018.

A l’instar du Prix Marcel Duchamp, la FIAC se veut un rendez-vous annuel prestigieux, sérieux, dans le calendrier du Marché de l’Art. La foire parisienne, dirigée par Jennifler Flay, se différencie ainsi de la Frieze qui multiplie chaque année les propositions et les événements parallèles. Pour cette 15ème édition, une nouvelle section intitulée « Sex works: Feminist Art & Radical Politics » proposait entre autres une nouvelle façon d’approcher la foire et ses galeries.

www.artprice.com Copyright thierry Ehrmann 1987/2017

A propos d’Artprice :

Découvrez des informations inconnues du public ainsi que le Think tank d’Artprice pour le futur : Artprice célèbre ses 20 ans en 90 jours sur Twitter.
https://www.actusnews.com/fr/ARTPRICE/cp/2017/10/10/decouvrez-des-informations-inconnues-du-public-ainsi-que-le-think-tank-d_artprice-pour-le-futur-nbsp-artprice-celebre-ses-20-ans

Artprice est cotée sur Eurolist by Euronext Paris, SRD long only et Euroclear : 7478 – Bloomberg : PRC – Reuters : ARTF.

Artprice est le Leader mondial des banques de données sur la cotation et les indices de l’Art avec plus de 30 millions d’indices et résultats de ventes couvrant plus de 657 000 Artistes. Artprice Images® permet un accès illimité au plus grand fonds du Marché de l’Art au monde, bibliothèque constituée de 126 millions d’images ou gravures d’oeuvres d’Art de 1700 à nos jours commentées par ses historiens.

Artprice enrichit en permanence ses banques de données en provenance de 6300 Maisons de Ventes et publie en continu les tendances du Marché de l’Art pour les principales agences et 7200 titres de presse dans le monde. Artprice met à la disposition de ses 4,5 millions de membres (members log in), les annonces déposées par ses Membres, qui constituent désormais la première Place de Marché Normalisée® mondiale pour acheter et vendre des œuvres d’Art à prix fixe ou aux enchères (enchères réglementées par les alinéas 2 et 3 de l’article L 321.3 du code du commerce). Artprice labellisée par le BPI développe son projet de Blockchain sur le Marché de l’Art.

Le Rapport Annuel Artprice du Marché de l’Art mondial 2016 publié en mars 2017 :
https://fr.artprice.com/artprice-reports/le-marche-de-lart-en-2016

Le rapport du Marché de l’Art Contemporain 2016 d’Artprice est accessible gratuitement à l’adresse:
https://fr.artprice.com/artprice-reports/le-marche-de-lart-contemporain-2016

Communiqué d’ARTE : A la tête de La Demeure du Chaos/ Abode of Chaos dixit « The New York Times », thierry Ehrmann, artiste et fondateur d’Artprice dévoile en 9 épisodes les rouages des plus gros esclandres de l’art contemporain, qui garantissent à coup sûr des expositions blockbusters http://creative.arte.tv/fr/artscandale

Sommaire des communiqués d’Artprice :
http://serveur.serveur.com/press_release/pressreleasefr.htm et https://twitter.com/artpricedotcom

Suivre en temps réel toute l’actualité du Marché de l’Art avec Artprice sur Facebook, Google+ et principalement sur Twitter: https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom & https://plus.google.com/+Artpricedotcom/posts

http://artmarketinsight.wordpress.com/

Découvrir l’alchimie et l’univers d’Artprice http://web.artprice.com/video dont le siège social est le célèbre Musée d’art contemporain Abode of Chaos / Demeure du Chaos http://goo.gl/zJssd https://vimeo.com/124643720

Musée d’Art Contemporain siège social d’Artprice:
https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

Contact ir@artprice.com

Artprice fête ses 20 ans, édito de thierry Ehrmann, Plasticien, Fondateur et PDG d’Artprice.

2017/10/07 Commentaires fermés

Artprice a 20 ans. Au regard de l’économie numérique et de ses défis, elle est centenaire.

Société mythique, elle a connu l’introduction la plus démente de l’histoire de la bourse de Paris. Elle a dépassé en quelques heures les 400 millions EUR de capitalisation.

Elle a vécu des descentes aux enfers après la crise des valeurs Internet en 2000, les attentats du 11 septembre 2001, la guerre du Golfe, la crise financière de 2007 et la liste est longue. Mais elle a aussi connu, par sa démarche iconoclaste, des procès fleuves intentés par des monstres nourris des siècles de monopole où l’omerta et l’opacité régnaient en maîtres absolus sur le Marché de l’Art.

Elle a supporté, de certaines castes, des haines inimaginables, des fantasmes qui dépassent l’entendement mais elle s’est relevée à chaque fois en devenant de plus en plus forte et aguerrie.

Elle a, par Internet, où sa maison-mère Groupe Serveur règne depuis 1987 comme pionnier, métamorphosé le vieux monde de l’Art.

Son siège social est légendaire, selon Time Magazine, « La Demeure du Chaos », qui est au sein du Musée d’Art Contemporain L’Organe, renommée par le New York Times « The Abode of Chaos », où travaillent ses fidèles collaborateurs, de véritables experts passionnés entre salles blanches informatiques et fonds documentaire de manuscrits et catalogues.

Artprice a bâti la plus grande banque de données au monde sur le Marché de l’Art, avec un fonds d’archivage quasi-étatique, puis en 2005 Artprice a conçu la plus grande MarketPlace Normalisée au monde d’œuvres d’Art.

Elle s’est imposée comme Leader mondial de l’information sur le Marché de l’Art en produisant, entre autres, pour plus de 7 200 médias, les fils d’informations en continu sur le Marché de l’Art, à l’instar des agences de presse financière comme Bloomberg.

Elle a aussi initié 4,5 millions de membres qu’elle remercie de leur fidélité. Il en est de même avec les 6300 Maisons de ventes, fidèles partenaires dans leur contribution avec Artprice.

Le vieil adage boursier « Cours vu, cours revu » s’est vérifié trois fois en 20 ans, faisant d’Artprice peu à peu une valeur mythique qu’on ne peut appréhender qu’avec une vision du XXIème siècle et ses changements de paradigme qui compriment l’espace-temps.

Pas un seul joueur en bourse, – les vrais, les durs, les purs -, ne peut s’empêcher de posséder un ticket Artprice.

Artprice détient un cénacle d’actionnaires qui ferait rêver certaines sociétés du CAC40.

Les fidèles actionnaires d’Artprice sont des gens puissants, redoutables et silencieux, ceux qui entre autres, par leur famille, règnent en maîtres depuis des centaines d’années sur le plus vieux Marché du monde et qui bien avant le public, avaient compris que la mutation par Artprice était irrémédiable.

N’oublions pas que l’homme échangeait des œuvres d’Art bien avant de frapper monnaie.

Ce cénacle d’actionnaires hors norme se retrouve dans ma citation qui rend hystérique certain(e)s « Le Marché de l’Art, c’est les Marchés financiers en 10 fois plus intelligent et cruel. ».

Mais quel est donc ce Graal que des hommes exceptionnels, comme le Docteur Hippolyte Mireur au XIXème siècle, Enrique Mayer au XXème et tant d’autres personnages célèbres, ont cherché en vain avant de rejoindre Artprice avec leurs fonds de commerce éditorial ?

Ce Graal métaphorique que seules l’Alchimie et sa Materia Prima (le Chaos Alchimique) définissent, sont les équations et algorithmes qui permettent d’expliquer le prix de l’Art et sa parfaite construction.

Oser toucher au vieil adage « L’Art n’a pas de prix » constituait, pour l’ancien régime traditionaliste qui se glisse dans le clair-obscur, une offense absolue.

Artprice, en 20 ans de combat historique et légendaire, a su ouvrir les portes du Temple de l’Art au profane.

Il y a une décennie environ, une célèbre historienne et sociologue du Marché de l’Art m’a indiqué qu’Artprice est immortelle, non pas par sa fonction économique mais parce qu’elle a modifié, de manière irrémédiable, l’Histoire de l’Art et son Marché.

Artprice a démontré que l’Art avait un prix structuré et très élaboré dans un marché efficient qui est bien plus réfléchi et mature que d’autres marchés.

Je ne peux m’empêcher de penser, entre autres, aux Marchés financiers où les taux d’intérêts deviennent négatifs et au Quantitative Easing (QE), que nos grands-parents appelaient plus simplement la planche à billets et qui ne rassurent pas vraiment les épargnants.

Alors oui, Artprice a 20 ans ! L’âge où tout est permis pour aller dévorer le nouveau monde qui accouche et aller danser sur les cendres de la vieille économie qui ne sait pas qu’elle est déjà morte.

Attention, Artprice a 20 ans mais 100 ans de combat, d’expérience, de sagesse et de détermination.

Nous savons, comme notre vieux maître Marcel Duchamp nous l’a appris, que nos plus féroces détracteurs sont les plus grands contributeurs de la réussite mondiale d’Artprice.

À nos fidèles actionnaires de l’ombre, un grand merci pour votre confiance indéfectible.

Le mot de la fin est qu’Artprice n’a jamais modifié son capital et m’a toujours désigné comme Fondateur, PDG et principal actionnaire car je suis convaincu de la croissance exponentielle d’Internet et de ce changement de paradigme unique dans l’histoire de la modernité.

Artprice n’en est qu’à ses débuts.

L’aventure continue de plus belle … thierry Ehrmann

 

Copyright thierry Ehrmann 1987/2017

Artprice 20th birthday, editorial by thierry Ehrmann, Artist, founder and CEO of Artprice.

2017/10/07 Commentaires fermés

Artprice is 20 today. That might sound young to some, but in terms of the digital economy, that’s very old indeed.

A legendary organisation in many respects, Artprice experienced the most extraordinary IPO in the history of the Paris stock exchange, reaching a capitalization in excess of EUR 400 million within hours.

It has suffered severe corrections as well, notably after the new-tech stocks crash in 2000, nine-eleven, the 2nd Gulf War, the financial crisis of 2007 and a number of other exogenous events, and its iconoclastic approach has made it the target of lengthy lawsuits brought by monopolistic behemoths riding on centuries of Art Market omerta and opacity.

Artprice has survived a climate of irrational animosity from certain quarters, sometimes involving outlandish fantasies; but each attack has made the company stronger… and wiser.

Using the Internet – a domain in which its parent company Groupe Serveur has been a dominant pioneer since 1987 – Artprice has completely transformed the Art Market.

Its operational headquarters are located at a site Time Magazine described as the “legendary” Demeure du Chaos. The site, referred to as “The Abode of Chaos” by the New York Times, is also the “Organe” Contemporary Art Museum, where its loyal employees – from digital white rooms to documentary collections, mansucripts and catalogs – are enthusiastic experts.

Artprice has built the largest Art Market databank in the world with a almost State-sized archive base. In 2005, Artprice set up the largest Standardized Marketplace for artworks in the world.

It has become global leader in Art Market Information by providing, among other services, real-time streams of Art Market information for more than 7,200 media outlets such as the financial news agency Bloomberg.

It has also given insight to its 4.5 million loyal subscribers, whom it thanks for their loyalty. This also applies to the 6,300 Auction Houses it works with, loyal partners in their contribution with Artprice.

The old stock-market adage « prices peaks usually return » has been confirmed no less than three times in 20 years, making the Artprice share a legendary stock that cannot be understood without a clear grasp of the spatio-temporal paradigm shifts driving the 21st century.

Artprice is a “must-have” stock for all investors ans gamblers… whatever their strategy.

It has a cenacle of shareholders that would make a number of CAC 40 companies green with envy.

Its loyal shareholders are powerful, formidable and discreet people, including, among others, members of families that have held strong positions in the world’s oldest market for hundreds of years (mankind exchanged artworks well before currencies) and who – well before the public – understood that Artprice’s vision of the art market was totally unavoidable.

Artprice’s exceptional family of shareholders is reflected in my somewhat provocative observation that “the Art Market is like financial markets… only ten times smarter and ten times more unforgiving”.

So what exactly is this ‘secret chalice’… this ‘Grail’… that so many people have sought in vain – including exceptional men like Dr. Hippolyte Mireur (19th century) and Enrique Mayer (20th century) whose carefully-compiled registers of art market exchanges are now a part of Artprice?

This metaphorical ‘Grail’, that can only be apprehended by Alchemy and its Prima Materia (Alchemical Chaos), is in fact a set of equations and algorithms that explain art prices and expose how they are formed.

For the art market’s old regime lurking in the twilight, the adage « Art has no price » was the core of a deliberately mystifying ideology.

Over 20 years of historical and legendary combat, Artprice has opened the gates of the Temple of Art to the profane.

Ten or so years ago, a famous Art Market historian and sociologist told me that Artprice was immortal, not for its economic function, but rather for the irrevocable changes it has brought to the Art Market and, therefore, to Art History.

Artprice has demonstrated that art does have structured and highly sophisticated price mechanisms, in an efficient market that is substantially more rational and mature than many other markets.

Financial markets offer a particularly poor comparison at a time when negative interest rates and quantitative easing (QE) (a concept that our grandparents referred to simply as “money printing”) do little to reassure savers.

So yes… Artprice is now 20… an age of freedom and exploration; an age in which the emerging new world can dance on the ashes of the old economy that has not yet understand it is already dead.

Artprice may be 20, but it has already acquired a 100 years of experience, wisdom and combative energy.

We know – as our mentor Marcel Duchamp taught us – that our fiercest critics are the biggest contributors to the global success of Artprice.

To our loyal shareholders, a big thank you for your unfailing confidence.

As a final word: Artprice has never modified its capital structure and has repeatedly designated myself, its Founder, as its CEO and principal shareholder. The exponential growth of the Internet and the current paradigm shift – unique in the history of modernity – continue to fuel my belief that Artprice is still very much in its early stages.

The Artprice adventure continues with supreme confidence and vigour.

thierry Ehrmann

Copyright thierry Ehrmann 1987/2017

Artprice: Contemporary Art Market Annual Report: turnover up 1,400% in 17 years with an average annual return of +7.6%.

2017/09/28 Commentaires fermés

Contemporary Art leads the Art Market with Frieze Art Fair in London and the FIAC in Paris

 

On the whole, the Contemporary Art Market is substantially profitable over the medium and long terms. Despite several corrections, our price index shows that the segment has retained its early-2000s vitality. Turnover growth of +1,400% in 17 years (US$103 million in 2000 to US$1.58 billion in 2017) reflects an extremely dynamic market. Artprice’s Contemporary Art Market Annual Report (2016/2017) is available free of charge at the following link:

https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2017

The chronic financial and economic crisis affecting the world economy since 2007 – clearly illustrated by the widespread recourse to negative interest rates – makes the Art Market look like a desert oasis. According to thierry Ehrmann, Artprice’s founder and CEO, the Art market has experienced a healthy adjustment that was both necessary and predictable, leaving the Contemporary Art segment center stage.

This year, the Contemporary Art Market generated a stunning new record with its first-ever result above $100 million. The segment’s previous record, $58.4 million for a work by Jeff Koons in 2013, was demolished by the $110.5 million paid for a work by Jean-Michel Basquiat.

Read more:

https://www.actusnews.com/fr/soc/ARTPRICE/communiques

Artprice: Art Market posts positive signals in H12017

Fine Art Auctions (painting, sculpture, drawing, photography, printmaking, installations)

H1 2017 saw a general recovery of the Art Market, with turnover up 5%

1. Global art auction turnover reached $6.9 billion in H1 2017

2. Prices in the Contemporary segment rose 9.6%

3. With $2.2 billion, the USA overtook China’s $2 billion

4. The UK and France contributed to the recovery, up 13% and 7% respectively

5. Contemporary Art accounted for 15% of global turnover, vs. 3% in 2000

6. A work by Jean-Michel Basquiat (born 1960) fetched $110.5 million

7. The auction unsold rate improved by 2 percentage points versus 2016

Global overview

At a global level, the Art Market was in better shape in H1 2017, ending two consecutive years of slowdown.

Global figures

More than 228,700 Fine Art lots sold worldwide during the first six months of 2017, generating a total turnover of $6.9 billion (including fees). These results were recorded at more than 3,054 public sales that are subjected to Artprice’s systematic and detailed analysis. Artprice has been global leader in Art Market information since 1987. This half-year report covers all public sales of Fine Art (painting, sculpture, drawing, photography, printmaking, installations).

According to thierry Ehrmann, founder and CEO of Artprice, Since 2000, the art market has been functioning with outstanding maturity, resisting the NASDAQ crisis, the nine-eleven attacks, the second intervention in Iraq and of course the unprecedented financial and economic crisis that began in 2007. It has also resisted a significant increase in global geopolitical tensions and the emergence of a negative interest rate environment that hurts savings. During the past 17 years, the Art Market has shown its capacity to adjust to conditions, thus avoiding the kind of meltdowns seen in the financial sphere. It has therefore played a vital “shelter asset” role, without inflating into a speculative bubble.

For a number of years now, the financial returns on art have outperformed other investments, and the Art Market has become an independent, liquid and efficient market on all continents.

H1 2017 Global Art Market Report, by Artprice.com, online at:
https://www.artprice.com/artprice-reports/global-art-market-in-h1-2017-by-artprice-com

Country: – Turnover total in USD – (Market share)

Top 10 countries by Fine Art auction turnover in H1 2017

Country: — Turnover total — (Market share)

1 Unites States: 2,239,080,536 — (32.4%)

2 China: — 1,999,094,934 — (29.0%)

3 United Kingdom: — 1,581,615,191 — (22.9%)

4 France: — 326,398,192 — (4.7%)

5 Germany: — 100,451,363 — (1.5%)

6 Italy: — 95,051,377 — (1.4%)

7 Switzerland: — 73,623,263 — (1.1%)

8 Austria: — 53 720 750 — (0.8%)

9 Australia: — 47 329 131 — (0.7%)

10 South Korea: — 39,787,141 — (0.6%)

Other countries: — 344,862,990 — (5.0%)

The data concerning China was compiled by Artprice in close collaboration with its Chinese institutional associate-partner, the Artron Group and AMMA (Art Market Monitor by Artron) directed by Wan Jie.

Despite a relatively unfavourable economic context, the global art market has shown signs of buoyancy, driven by a powerful combination of investment logic, speculative buying, passion collecting and insatiable demand for major signatures from new museums around the world.

These growth drivers rely heavily on easy access to reliable Art Market information such as provided by Artprice (pioneer and global leader in the field) and have been accelerated by a whole series of underlying phenomena: a rapidly spreading awareness that every aspect of participation in the art market, including online sales, can be conducted via the Internet (97% of participants are connected to Internet); a financialisation of the art market’s high-end fostered by its stability and transparency; a rapid increase in the art-buying population from roughly 500,000 after 1945 to approximately 70 million in 2016; a significant reduction in the average age of market players and a major geographical expansion of the market to nearly all of Asia, the Pacific Rim, India, South Africa, the Middle-East and South America.

Another massive Art Market driver is the new-era museum industry (700 new museums per year) that has become a significant economic reality in the 21st century. More museums opened between 2000 and 2014 than in the previous two centuries.

Hungry for museum quality works, this sector is one of the primary drivers of the Art Market’s spectacular growth. The Art Market is now both mature and liquid, offering yields of 10% to 15% per year on works valued over $100,000.

Considering these macro- et micro-economic data, the past 17 years have confirmed the Art Market’s potential as a safe haven against economic and financial turbulence, generating substantial and recurring yields.

In a financial environment based on negative central bank interest rates (in real terms), the Art Market looks very healthy by comparison, especially having posted a 1200% growth in the annual auction turnover of its Contemporary segment over the past 17 years. The global Art Market has also posted linear growth in the average value of an artwork (Old, Modern and Contemporary) of +47.5% over the same period. If we look at the Contemporary segment alone, the progression is +116%.

These returns are not just reserved for “star” artists. We find a substantial average annual yield of +9% on works sold above the €20,000 threshold.

The Art Market is an efficient, historical and global market whose capacity to resist economic and geopolitical crises requires no further proof.

TOP 20 artistes – S1 2017 © Artprice.com

Artist — Turnover (USD) — Number of works sold — Best result (USD)

1 Pablo PICASSO (1881-1973) — 280,065,050 — 1495 — 45,047,500

2 Jean-Michel BASQUIAT (1960-1988) — 243,763,718 — 58 — 110,487,500

3 Andy WARHOL (1928-1987) — 123,953,149 — 597 — 27,500,000

4 ZHANG Daqian (1899-1983) — 123,206,027 — 293 — 13,145,618

5 Wassily KANDINSKY (1866-1944) — 88,458,422 — 62 — 42,264,404

6 Gerhard RICHTER (1932-) — 86,959,069 — 177 — 21,608,217

7 Roy LICHTENSTEIN (1923-1997) — 85,356,419 — 251 — 28,247,500

8 Claude MONET (1840-1926) — 83,204,310 — 17 — 15,987,500

9 FU Baoshi (1904-1965) — 80,137,781 — 36 — 27,451,938

10 HUANG Binhong (1865-1955) — 75,704,612 — 95 — 50,577,000

Top 10 auction results in H1 2017

Artist – Work – Price (USD) – Date – Auctioneer

1 Jean-Michel BASQUIAT (1960-1988) — Untitled (1982) — 110,487,500 — 18/05/2017 — Sotheby’s New York

2 Gustav KLIMT (1862-1918) — Bauerngarten (1907) — 59,004,638 — 01/03/2017 — Sotheby’s London

3 Constantin BRANCUSI (1876-1957) — La muse endormie (1913) — 57,367,500 — 15/05/2017 — Christie’s New York

4 Cy TWOMBLY (1928-2011) — Leda and the Swan (1962) — 52,887,500 — 17/05/2017 — Christie’s New York

5 Francis BACON (1909-1992) — Three Studies for a Portrait of George Dyer (1963) — 51,767,500 — 17/05/2017 — Christie’s New York

6 HUANG Binhong (1865-1955) — Yellow Mountain — 50,577,000 — 19/06/2017 — China Guardian Beijing

7 CHEN Rong (1189-1258) — Six Dragons — 48,967,500 — 15/03/2017 — Christie’s New York

8 Max BECKMANN (1884-1950) — Hölle der Vögel (1937-1938) — 45,830,765 — 27/06/2017 — Christie’s London

9 Pablo PICASSO(1881-1973) — Femme assise, robe bleue (1939) — 45,047,500 — 15/05/2017 — Christie’s New York

10 Pablo PICASSO (1881-1973) — Femme écrivant (Marie-Thérèse) (1934) — 44,405,117 — 27/06/2017 — Christie’s London

About Artprice:

Artprice is listed on Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Artprice is the leading databank for the global art market, with over 30 million indices and auction results covering more than 657,000 artists. Artprice Images® gives unlimited access to the largest Art Market resource in the world: a library of 126 million pictures and prints of artworks from 1700 to the present day, with notes and comments by our art historians.

Artprice permanently feeds its databanks with information from roughly 4,500 auction operators worldwide and publishes a constant flow of art market indicators for the world’s principal news agencies and approximately 7,200 international press publications. For its 4.5 million members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art either at a fixed price or within a bidding system (as regulated by paragraphs 2 and 3 of article L 321.3 of France’s Code of Commerce). Artprice is a BPI-labelled “innovative” company and is developing a Blockchain project for the Art Market.

Artprice’s Global Art Market Annual Report for 2016:
http://imgpublic.artprice.com/pdf/rama2016_en.pdf

The following text is a translation of Arte Creative‘s online presentation for a series of mini-documentaries featuring Thierry Ehrmann:

ARTE: An enormous Christmas tree resembling a giant butt plug, a machine that defecates five-star meals, an icon immersed in urine and staged corpses – subversive, trash, provocative or insulting? Thierry Ehrmann, the man behind The Abode of Chaos (dixit The New York Times), artist and founder of Artprice, features in 9 short episodes that decode the most media-hyped scandals in the Contemporary art field… scandals that inevitably guarantee blockbuster exhibitions. http://www.arte.tv/guide/en/weekly-highlight

Discover the alchemical universe of Artprice http://web.artprice.com/video, whose headquarters is the famous Museum of Contemporary Art, the Abode of Chaos http://goo.gl/zJssd and https://vimeo.com/124643720

News Artmarket:

http://twitter.com/artpricedotcom
https://www.facebook.com/artpricedotcom
https://plus.google.com/+Artpricedotcom/posts
http://artmarketinsight.wordpress.com/

The Contemporary Arts Museum The Abode of Chaos on Facebook:
https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

The Abode of Chaos/Demeure du Chaos Contemporary Art Museum by thierry Ehrmann,author, sculptor, artist, photograph:
https://www.flickr.com/photos/home_of_chaos/sets/72157676803169034

Contact : thierry Ehrmann : e-mail : ir@artprice.com

Artprice : complément d’information sur le Marché de l’OTC suite à l’AG du 30 juin 2017 à 18h.

2017/07/02 Commentaires fermés

Suite à de nombreuses interrogations très pertinentes d’actionnaires lors de l’A.G. concernant le communiqué du 30 juin 2017:

« Artprice s’approprie le Marché de l’Art OTC qui génère un volume de transactions de 7 à 9 fois supérieur à celui du Marché de l’Art traditionnel »

Disponible sur : Actusnews https://www.actusnews.com/fr/ARTPRICE/cp/2017/06/30/artprice-s_approprie-le-marche-de-l_art-otc-qui-genere-un-volume-de-transactions-de-7-a-9-fois-superieur-a-celui-du-marche-de

Artprice tient à préciser à ses actionnaires et au Marché qu’Artprice conserve bien évidemment tout le segment du Marché de l’Art traditionnel et continuera à le développer plus que jamais en activant sa Place de Marché Normalisée à prix fixe et aux enchères, et y ajoutera donc une nouvelle place de Marché de l’Art OTC ® générateur de dizaines de millions de transactions par an, tel que décrit dans le communiqué ci-dessus, dans le but de couvrir tout le spectre du Marché de l’Art. (Marché de l’art Traditionnel plus le Marché OTC).

Grâce à ce gigantesque relais de croissance créateur de valeur, Artprice Leader du Marché de l’Art mondial rajoute à son marché historique un nouveau marché de masse dans le monde avec le Marché OTC et sa Blockchain.

Toutes les résolutions de l’AG du 30 juin 2017 ont été adoptées et feront l’objet cette semaine d’une communication réglementée. Une grande richesse des débats a animé cette AG avec ses fidèles et nouveaux actionnaires.

www.artprice.com

Copyright thierry Ehrmann 1987/2017

A propos d’Artprice :

Artprice est cotée sur Eurolist by Euronext Paris, SRD long only et Euroclear : 7478 – Bloomberg : PRC – Reuters : ARTF.

Artprice est le Leader mondial des banques de données sur la cotation et les indices de l’Art avec plus de 30 millions d’indices et résultats de ventes couvrant plus de 657 000 Artistes. Artprice Images® permet un accès illimité au plus grand fonds du Marché de l’Art au monde, bibliothèque constituée de 126 millions d’images ou gravures d’œuvres d’Art de 1700 à nos jours commentées par ses historiens.

Artprice enrichit en permanence ses banques de données en provenance de 6300 Maisons de Ventes et publie en continu les tendances du Marché de l’Art pour les principales agences et 7200 titres de presse dans le monde. Artprice met à la disposition de ses 4,5 millions de membres (members log in), les annonces déposées par ses Membres, qui constituent désormais la première Place de Marché Normalisée® mondiale pour acheter et vendre des œuvres d’Art à prix fixe ou aux enchères (enchères réglementées par les alinéas 2 et 3 de l’article L 321.3 du code du commerce). Artprice labellisée par le BPI développe son projet de Blockchain sur le Marché de l’Art.

Le Rapport Annuel Artprice du Marché de l’Art mondial 2016 publié en mars 2017 : https://fr.artprice.com/artprice-reports/le-marche-de-lart-en-2016

Le rapport du Marché de l’Art Contemporain 2016 d’Artprice est accessible gratuitement à l’adresse:https://fr.artprice.com/artprice-reports/le-marche-de-lart-contemporain-2016

Communiqué d’ARTE : A la tête de La Demeure du Chaos/ Abode of Chaos dixit « The New York Times », thierry Ehrmann, artiste et fondateur d’Artprice dévoile en 9 épisodes les rouages des plus gros esclandres de l’art contemporain, qui garantissent à coup sûr des expositions blockbusters http://creative.arte.tv/fr/artscandale

Sommaire des communiqués d’Artprice :http://serveur.serveur.com/press_release/pressreleasefr.htm et https://twitter.com/artpricedotcom

Suivre en temps réel toute l’actualité du Marché de l’Art avec Artprice sur Facebook, Google+ et principalement sur Twitter: https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom

https://www.facebook.com/artpricedotcom & https://plus.google.com/+Artpricedotcom/posts

http://artmarketinsight.wordpress.com/

Découvrir l’alchimie et l’univers d’Artprice http://web.artprice.com/video dont le siège social est le célèbre Musée d’art contemporain Abode of Chaos / Demeure du Chaos http://goo.gl/zJssdhttps://vimeo.com/124643720

Musée d’Art Contemporain siège social d’Artprice: https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

Contact ir@artprice.com

Artprice launches the world’s most comprehensive collaborative “wiki” on art and artists.

2015/03/19 Commentaires fermés

Artprice launches the world’s most comprehensive collaborative “wiki” on art and artists.

Artprice is the world’s primary specialist for art market prices and indices with more than 30 million indices and auction results covering over 586,000 artists. Artprice Images (R) offers unlimited access to the world’s largest art market database, a library of 108 million photos or representations of artworks from the year 1700 to the present day, each accompanied by pertinent commentary by our art historians.

Over recent years, Artprice frequently heard artists, beneficiaries, copyright managers, art market professionals, valuers, museums, art historians, sociologists, collectors and art lovers of all kinds express their wish to share their knowledge and their private documentation.

A hard core of 12 million regular contributors, according to thierry Ehrmann, founder and Ceo of Artprice.com.

In total, this community represents a hard core of some 12 million regular contributors who will have to register with Artprice to monitor the evolution of their pages and check, modify or supplement the available information.

Artprice’s historians and editors will of course have final control over the information and will be the only persons authorized to open the accounts of regular contributors.

In addition, they will be able to perform immediate information quality checks and, by the same token, certify contributor authorizations, thanks primarily to Artprice’s 81 different databases (including biographies, auction results, artists’ values and price indices, signatures and monograms, catalogues raisonnés, auction houses, art galleries and dealers, archives, etc.).

After an exhaustive research into the subject, it became clear that a « wiki » of this magnitude does not exist and would be way beyond the means of any other organization.

Artprice is opening its multilingual “wiki” with more than a million artists including 586,000 artists listed on Artprice.com and linked to tens of millions of artworks. The information will be available in English, French, German, Spanish, Italian and Chinese. You can find this new art market data source on: wiki.artprice.com

Regarding the Artprice wiki for Chinese artists, Artprice will rely primarily on its faithful State-backed partner, the Artron Group, via Art Market Monitor of Artron (AMMA).

This operation, which Artprice has been preparing for almost a year, represents a major contribution to Art Market history, and a contribution that is free of charge.

Moreover, for Artprice it represents an opportunity to significantly expand its subscribed client-base to a pool of 12 million authorized contributors.

About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Atprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 570,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 108 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 4,500 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications. For its 3,600,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art.

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos http://goo.gl/zJssd https://vimeo.com/87859684

News Artmarket: http://twitter.com/artpricedotcom https://www.facebook.com/artpricedotcom

https://plus.google.com/+Artpricedotcom/posts

http://artmarketinsight.wordpress.com/

The 2014 Art Market Report contains the famous Artprice ranking of the world’s 500 most sought-after artists, the top 100 auction results, market breakdowns by country and by city, by period and by medium, Artprice indices and 21 chapters that provide an uncompromising analysis of the Art Market. It is available free of charge in PDF format at http://imgpublic.artprice.com/pdf/rama2014_en.pdf

Contact : Josette Mey : e-mail : ir@artprice.com

Artprice : le Rapport sur le Marché de l’Art Contemporain 2013/2014 est en ligne

2014/09/29 Commentaires fermés

Artprice : le Rapport sur le Marché de l’Art Contemporain 2013/2014 est en ligne

le Rapport sur le Marché de l’Art Contemporain 2013/2014

Artprice : le Rapport sur le Marché de l’Art Contemporain 2013/2014 est en ligne

Thierry Ehrmann fondateur et président d’Artprice : Artprice.com a le plaisir de vous présenter sa 8ème édition exclusive du Rapport sur le Marché de l’Art Contemporain.

La version PDF du rapport annuel Artprice sur le Marché de l’Art Contemporain est téléchargeable sur Artprice :

http://imgpublic.artprice.com/pdf/artprice-contemporary-2013-2014-fr.pdf

Il contient des classements exclusifs tel que le Top 500 des artistes contemporains par chiffre d’affaires.

Artprice enrichit en permanence ses banques de données en provenance de 4 500 Maisons de ventes et publie en continu les tendances du Marché de l’Art pour les principales agences et 6 300 titres de presse dans le monde.

Le marché de l’art contemporain aux enchères a franchi la barre des 2 milliards de dollars de recettes sur la période juillet 2013-juillet 2014, réalisant ainsi la meilleure année de son histoire.

Record pour une œuvre contemporaine vendue aux enchères avec Jeff Koons (38,8 m€), record du nombre d’adjudications millionnaires (179), record d’un marché haut de gamme à huit chiffres (13) et meilleure vente aux enchères de tous les temps grâce à une cession d’art d’après-guerre et contemporain chez Christie’s. Le secteur contemporain n’a jamais été aussi compétitif et spéculatif.

En quatre petites années, le chiffre d’affaires mondial réalisé en salles de ventes – toutes périodes confondues – a presque doublé depuis le ralentissement de 2009-2010, époque où fut enregistrée une baisse des prix de l’ordre de -48 %.

Le retour de l’opulence ne s’est pas fait attendre, porté par une structure de marché profondément modifiée à bien des niveaux, dont la globalisation et la dématérialisation accrue des ventes font partie. La spéculation galopante des années 2004-2007 est à nouveau de mise. Le marché contemporain s’affiche plus opulent que lors de la micro-bulle de 2007-2008, époque d’une véritable flambée et de recettes annuelles en hausse de +50 % pour un nombre stable d’œuvres vendues.

Un nouveau pic est atteint cette année 2013-2014, la meilleure de l’histoire de l’art contemporain aux enchères, à la fois en terme de recettes annuelles, de croissance de prix et de records d’adjudications.

La cote des artistes nés après 1945 suit la tendance et n’a jamais été si haute. Elle dépasse même de 15 % les niveaux atteints au plus fort de l’année 2007. Au final, l’indice global des prix de l’art contemporain progresse de +70 % sur la décennie.

L’art business s’épanouit dans une bulle qui n’éclate pas et dans une croissance qui perdure sur les biens les plus haut de gamme. Le marché haut de gamme récompense cette année 13 œuvres contemporaines au-delà des 10 m€ et désigne l’œuvre la plus chère du monde sous les traits d’un Balloon Dog géant de Jeff Koons, vendu plus de 38,8 m€ au marteau.

Les signatures les plus spéculatives de l’art, considérées par certains comme des valeurs sûres malgré l’affolement des prix et la volatilité du secteur, sont propulsées par de puissants réseaux de galeries prescriptives, d’institutions prestigieuses, de curateurs et de conseillers d’achat, et par divers acteurs forts du marché de l’art dont les sociétés de ventes leaders font partie intégrante.

La prospérité repose à la fois sur des mécanismes bien rodés et sur l’appétit féroce d’investisseurs portant les enchères depuis le monde entier. Le marché de l’art contemporain s’est transformé en ovni économique avec la globalisation de la demande, dont l’arrivée massive d’investisseurs richissimes.

Séduite par la diversification de placement et par des taux de rentabilité exceptionnels, la demande s’est considérablement accrue, tant et si bien qu’il se vend cinq fois plus d’œuvres aujourd’hui qu’il y a 10 ans avec des niveaux de prix incomparables.

La version PDF du rapport annuel Artprice Marché de l’art contemporain est téléchargeable sur Artprice en français et en anglais. Les versions allemande, italienne, espagnole et chinoise sont aussi disponibles.

http://www.artprice.com ©1987-2014 thierry Ehrmann

A propos d’Artprice

Artprice est cotée sur Eurolist by Euronext Paris, SRD long only et : Euroclear : 7478 – Bloomberg : PRC – Reuters : ARTF. Depuis le 5 mars 2014, Artprice fait partie du nouvel indice CAC® PME d’Euronext.

Artprice, avec plus de 14 ans de communication réglementée sur l’Eurolist, se fait un point d’honneur à produire toute l’information nécessaire aux professionnels des Marchés financiers, mais aussi aux néophytes du Marché de l’Art. Toutes les questions des 18 000 actionnaires d’Artprice trouvent systématiquement leurs réponses dans l’information réglementée d’Artprice qu’elle diffuse en ligne sur Internet sur son propre site, http://www.artprice.com , et sur celui de son diffuseur homologué par l’AMF, ActusNews (http://www.actusnews.com).

Artprice est le leader mondial des banques de données sur la cotation et les indices de l’Art avec plus de 30 millions d’indices et résultats de ventes couvrant plus de 550 000 Artistes. Artprice Images(R) permet un accès illimité au plus grand fonds du Marché de l’Art au monde, bibliothèque constituée de 108 millions d’images ou gravures d’oeuvres d’Art de 1700 à nos jours commentées par ses historiens. Artprice enrichit en permanence ses banques de données en provenance de 4 500 Maisons de ventes et publie en continu les tendances du Marché de l’Art pour les principales agences et 6 300 titres de presse dans le monde. Artprice met à la disposition de ses 3,2 millions de membres (members log in), les annonces déposées par ses Membres, qui constituent, désormais, la première Place de Marché Normalisée® mondiale pour acheter et vendre des œuvres d’Art à prix fixe ou aux enchères (enchères réglementées par les alinéas 2 et 3 de l’article L 321.3 du code du commerce).

Sommaire des communiqués d’Artprice : http://serveur.serveur.com/press_release/pressreleasefr.htm

Découvrir l’alchimie et l’univers d’Artprice http://web.artprice.com/video dont le siège social est le célèbre Musée d’art contemporain Abode of Chaos / Demeure du Chaos.

http://goo.gl/zJssd

https://vimeo.com/87859684

Suivre en temps réel toute l’actualité du Marché de l’Art avec Artprice sur Twitter et Facebook http://twitter.com/artpricedotcom

https://www.facebook.com/artpricedotcom

Contact : Josette Mey : e-mail : ir@artprice.com

A propos de la volatilité du cours de bourse d’Artprice et des forts volumes quotidiens indépendants d’Artprice, la société renvoie le lecteur au document de référence Artprice 2013 déposé à l’A.M.F le 17/07/2014 sur le chapitre 4.3.22 et suivant facteurs  » Risques de Marché » et notamment sur le « Risques actions » 4.1.3 et suivants. De même, Artprice souligne le très grave problème que constitue le principal forum français Boursorama Banque sur Artprice, objet quotidien de fausses informations et de violations répétées du Code Monétaire et Financier (qui sont traitées en détail avec les procédures judiciaires en cours dans le document de référence 2013 chapitre 4.3.22) » Risques liés aux Forums de bourse parlant d’Artprice et principalement le forum Boursorama en infraction avec le code monétaire et financier » page 50 à 51 en ligne sur le diffuseur homologué par l’AMF, addendum page 56-57 du rapport financier semestriel 2014 sur le diffuseur homologué par l’AMF, http://www.actusnews.com).

 

Artprice: the 2013/2014 Contemporary Art Market Report is now online

Artprice : Der Jahresbericht über den Markt zeitgenössischer Kunst 2013/2014 ist jetzt online.

Ehrmann : « il y a un problème entre la Fiac et le marché de l’art par Challenges

2012/10/23 Commentaires fermés

Ehrmann : « il y a un problème entre la Fiac et le marché de l’art » par Challenges

Rapport Artprice 2012 Art contemporain chargement PDF gratuit

English Version

Artprice: the 2011/2012 Contemporary Art Market Report is now online!

Artprice accélère son process de normalisation du Marché de l’Art

2012/06/04 Commentaires fermés

Comme annoncé dans son communiqué du 14 mai 2012, Artprice a démarré progressivement, ce début juin, la mise en ligne sur Internet d’une grande partie de la structure de ses banques de données et de sa normalisation du Marché de l’Art en mode freeware, (licence informatique propriétaire distribuée gratuitement sans toutefois conférer à l’utilisateur certaines libertés d’usage). L’ensemble des process industriels d’Artprice formant ses banques de données est déposé et protégé, notamment par les dépôts l’A.P.P. (Agence de Protection des Programmes).

Depuis le 1er juin 2012, le Monde de l’Art, notamment les Institutionnels, Universités, Musées, Fondations, Bibliothèques, Services Judiciaires &amp; Douanes, Sociétés de Droits d’Auteurs (type ADAGP), Assureurs, Bases encyclopédiques (type Wikipedia), Internet Directories et bien sûr Maisons de ventes, Galeries, Associations d’experts, ont  désormais accès en clair à la base de données Artists-index.com d’Artprice. Cette banque de données normalisée Artist-id.com est considérée par les Acteurs du Marché de l’Art, mais aussi par les Historiens et Chercheurs, comme de très loin, la plus exhaustive au monde. Elle est disponible, outre le français, en 5 langues (anglais, allemand, italien, espagnol et chinois). Pour découvrir la base de données à plat et en clair : <a href= »http://web.artprice.com/artists/directory/A &raquo; title= »Index complet des artistes recensés par Artprice » target= »_blank »>http://web.artprice.com/artists/directory/A</a&gt;

Ces acteurs vont bénéficier  aussi du développement d’Artprice en B to B sur des A.P.I. ouvertes réalisées sous une architecture REST (Representational State Transfer) qui est une manière novatrice de construire une application pour les systèmes fixes et mobiles, qui reprend l’architecture originale du Web. Une telle base Artistes, qui s’enrichit tous les jours, est le fruit de dizaines d’acquisitions dans le monde par Artprice et près d’un million d’heures de ses Historiens, Rédacteurs et Développeurs de 1997 à 2012 (cf détail et historique dans le document de référence Artprice disponible sur le site homologué de l’AMF).

Selon thierry Ehrmann, Fondateur et Président d’Artprice, cette stratégie de gratuité intégrale mise en place dans le Monde de l’Art permet à Artprice de renforcer la normalisation du marché de l’art pour accélérer, notamment, sa Place de Marché Normalisée à prix fixe et aux enchères pour être un acteur mondial incontournable de la libéralisation des enchères au niveau du Marché de l’art, en devenant une infrastructure normalisée permettant de réaliser en 2012 des opérations de courtage aux enchères réalisées à distance par voie électronique (article 5 de la loi n° 2011-850 du 20 juillet 2011).

Ces process industriels qui normalisent le Marché de l’Art (ID artiste, ID oeuvre, ID catalogue raisonné, ID bibliographie, …) avec des millions de données propriétaires sont en train de se déployer dans le marché de l’Art, notamment avec le partenariat signé avec Google en 2003 sans impacter le chiffre d’affaires et le résultat d’Artprice 2012 pour générer une accélération très forte du fichier clients mais aussi par le développement des d’A.P.I. ouvertes réalisées sous architecture REST. Une application mobile est en cours de développement, tant pour l’Ipad et l’Iphone, que pour l’OS Android de Google.

Par ces  nouveaux process de normalisation issus de sa Place de Marché Normalisée à prix fixe et aux enchères, Artprice peut, dès ce mois-ci, basculer des d’informations très conséquentes en mode freeware dans le but de porter avant fin décembre son fichier client de 1,4 million avec ses logs de comportements (achat, vente, recherche, portefeuille d’œuvres etc..) à 2 millions.

Source: http://www.artprice.com ©1987-2012 thierry Ehrmann

A propos d’Artprice:

Artprice invite ses actionnaires et le marché, pour comprendre précisément cette révolution législative et historique de 5 siècles et l’impact sur Artprice, à lire en 50 questions-réponses courtes et pédagogiques la synthèse faite en mars 2012 de la Place de Marché Normalisée à prix fixe et aux enchères depuis son lancement fin janvier 2012.
Lien Internet ci joint sur Actusnews, site homologué de l’AMF à l’adresse ci-jointe :
http://www.actusnews.com/communique.php?ID=ACTUS-0-26960

Artprice est le leader mondial des banques de données sur la cotation et les indices de l’Art avec plus de 27 millions d’indices et résultats de ventes couvrant 495 000 Artistes. Artprice Images® permet un accès illimité au plus grand fonds du Marché de l’Art au monde, bibliothèque constituée de 108 millions d’images ou gravures d’oeuvres d’Art de 1700 à nos jours commentées par ses historiens. Artprice enrichit en permanence ses banques de données en provenance de 4 500 Maisons de ventes et publie en continu les tendances du Marché de l’Art pour les principales agences et 6 300 titres de presse dans le monde. Artprice diffuse auprès de ses 1 400 000 membres (member log in), ses annonces, qui constituent désormais la première Place de Marché Normalisée® mondiale pour acheter et vendre des oeuvres d’Art à prix fixes ou aux enchères (réglementée par les alinéas 2 et 3 de l’article L 321.3 du code du commerce).

Artprice est cotée sur Eurolist by Euronext Paris au compartiment B, SRD long only : Euroclear : 7478 – Bloomberg : PRC – Reuters : ARTF

Sommaire des communiqués d’Artprice: http://serveur.serveur.com/press_release/pressreleasefr.htm

Découvrir l’alchimie et l’univers d’Artprice http://web.artprice.com/video dont le siège social est le célèbre Musée d’art contemporain Abode of Chaos / Demeure du Chaos.

Suivre en temps réel toute l’actualité du Marché de l’art avec Artprice sur Twitter:
http://twitter.com/artpricedotcom

 

Third Part of the exclusive interview of thierry Ehrmann, founder of Artprice.com (March 7, 2012)

2012/03/08 Commentaires fermés

Boursica:
We already published in-depth interviews with you on June 5 and October 9, 2011. Today we are at the beginning of March 2012 and bidding started on Artprice nearly a month and a half ago. What are your impressions so far?

Thierry Ehrmann:
Before we begin, I should warn readers that some of the themes discussed in this interview are followed directly on from our discussion on June 5, 2011 and October 9, 2011 which are therefore the basis for this third interview. So… we actually started our auction activity on January 18, 2012, after 16 years of legal wrangling with one of the world’s oldest monopolies, art auctions, dating back to the Edict of 1556. At the end of this struggle we have finally managed to impose a situation of free competition via the now famous law of 20 July 2011.

Boursica:
You have become an "Auction House"?

Thierry Ehrmann:
No. Specifically we have become an auction broker, operating remotely, via internet, as defined by Article 5 of Law 2011-850 of 20 July 2011 and by our standardized auction marketplace®.

Boursica:
Can you clarify?

Thierry Ehrmann:
Artprice has a unique set of art market standardization processes based on a broad range of Intellectual property patents (sui generis software patents, copyright, etc), which allows us, via the Marketplace Normalized, to match supply and demand in real time, either in a fixed price environment or an auction environment. In the latter case, we are not responsible for the auction because we are not linked to the parties (buyers and sellers). It is the vendor who ultimately chooses the highest bid, according to his own criteria, and he pays between 5 and 9% commission for using our Standardized Auction Market Place and our client database. This client database is currently the world’s largest in the art market, with 1.4 million members, about whom we know, for each one, very precisely, what they are looking for and what they want to sell.

Boursica:
Returning to the last month and a half. What have you seen in seven weeks?

Thierry Ehrmann:
Our initial challenge, and it by no means an easy one, was to gather an offer of 5,000 lots for the auction opening day on January 18, 2012. The total value of the works amounted to more than 810 million euros with prices ranging from a few hundred euros to tens of millions of euros.

Of course the background to these first 45 days of auction brokerage activity is our Standardized Fixed-Price Marketplace, which began on 18 January 2005 and has grown very substantially from an initial offer of €1.2 billion in 2005, followed by more than €2.7 billion in 2006, €3.6 billion in 2007, €4.5 billion in 2008, €5.4 billion in 2009, before stabilizing in 2010/2011 with approximately €6.3 billion with approximately 30% of completed sales being commission-free (the exact figures are available in our reference documents and regulated communication on the ActusNews website, approved by the AMF). The reactions we have received from the art market principal players to our latest auction platform in 2012 have been fast and remarkably positive; however there is still a small hard core, mainly centered around Drouot, that has
given us a distinctly hostile reception and the old guard has deployed means of harassment and threats that are really out of place in modern Europe.

Boursica:
Let's talk about this "remarkable positive" reaction, as you say.

Thierry Ehrmann:
We were rapidly congratulated by a whole generation of Gallery owners, Auction Houses, Art Dealers, Artists, Collectors and Enthusiasts who have realized that nothing will be the same as before. As our auctions are limited in time, the volume of transactions and exchanges has really exploded compared with Artprice’s Standardized Fixed-Price Marketplace where time is not an important factor. In the days that followed our launch, our internet bandwidth traffic and volume of logs multiplied almost fivefold. We have had testimonies and contributions of an unrivaled intensity. It is clear that for a whole generation of art market players – aged 25 to 50 roughly speaking – Artprice, with its giant client database (1.4 million members) and its billions of behavior logs stored in accordance with European and French law, has opened the possibility to consult information on little-known
artists from the office or the home in seconds and to reach tens of thousands of potential buyers of specific artists on five continents in just a few hours. We have established unprecedented discussions with a number of these market players who have had the courage to re-think their entire sales process.

Boursica:
What is the objective of these discussions and what will be their outcome in practice?

Thierry Ehrmann:
For these art market players it amounts to a complete overhaul of their business model. They have suddenly discovered that they have a de facto firepower substantially greater than that offered by the client lists of the largest auction houses or famous galleries. Trapped within their own client lists and obliged to spend fortunes attending international art fairs to attract clients on other continents, suddenly, via Artprice's Standardized Auction Marketplace, they have discovered a new economic paradigm that impels them to migrate permanently to the Internet, which is now the best and most efficient way to conquer the five continents.

Boursica:
What do you mean by new economic paradigm?

Thierry Ehrmann:
They understand that their economic model, namely the practice of high margins with a limited number of sales due to a limited customer base, is changing. Some are considering partially closing their galleries or secondary showrooms; others will close their physical auction rooms. They are discovering, from a macroeconomic viewpoint, that the art market, which has grown from 500,000 collectors after the WWII, to 450 million "art consumers" today, can now be reached within minutes from their homes or offices. They can, therefore, very substantially reduce their margins, that were previously prohibitive, and multiply their turnover in proportions that they did not imagine before because they lacked the necessary and heavy financial means as well as a deep knowledge of the Internet. In six weeks, we have managed to brush aside lots of doubts and inhibitions. Economically, the
story has only just begun: bearing in mind the fourteen days of auction, the settlement to the trusted third party (approximately 15 days for international transfers) and the finalization of the sale between the buyer and the seller who gives the final release instruction, we are just beginning to receive the commissions from late January 2012 when we launched our auction brokerage service. So we will certainly be posted good surprises soon, because the offer on our Standardized Auction Marketplace is constantly growing and has been regularly since it opened January 18, 2012.

Boursica:
Do you know what the major Anglo-Saxon auction houses think of your business model?

Thierry Ehrmann:
I invite you to read the full page article in Les Echoes of March 3, 2012 by Robert Martine, in which Artprice Annual Art Market Report is presented alongside an interview with the Chairman of Christie's who concludes by saying "The future of the middle market (800 to € 10,000) is on the net". Who better than Christie's to confirm this?
I add, as CEO of Artprice, that this segment represents, on a global scale, 81% of global art market transactions. If an undisputed expert of the “old economy” of the art market is able to confirm that 81% of the global art market will be conducted over the Internet, it clears that our de facto leadership in this market via our standardized auction marketplace puts us in a very favorable position.

Boursica:
You mentioned doubts and inhibitions. Could you be more specific?

Thierry Ehrmann:
Indeed, particularly a major problem concerning the trusted third party. We selected the world's leading trustee Escrow.com. Their modus operandi is absolutely perfect but Escrow is handicapped by only accepting the US dollar, which was a significant drawback, mainly for our European customers. We therefore chose, in record time, a second trustee, after a tender, which is Transpact in the UK, who handles the USD, the Euro and the Pound Sterling and which became available as of mid- February. But we still have the problem of the language barrier. Whereas our customers have access to Artprice in six languages, both of the websites of our two trusted third parties are in English only which turns out to be a real obstacle because the sums involved are very important and our customers want, from a legal and practical perspective, to fully understand all the steps and procedures of escrow
and release with the trustee.

Boursica:
But why not choose a trusted third party for each linguistic area?

Thierry Ehrmann:

I must confess that no bank or similar establishment, particularly in France, has so far been able to satisfy our specifications, despite the fact that the sums involved will eventually be colossal and that, in the digital economy, the notion of a trusted third party, is already applicable to many other groups and economic activities, quite different from Artprice and the Art Market. This reflects, among other things, a certain failure of the French economy to adapt to the digital and de facto global economy in which we are now living …

Boursica:
Is there no solution? And why not do it yourself?

Thierry Ehrmann:
Under the Act of 20 July 2011 concerning online auctions, and notably Article 5 transcribed in Article 321-3 of the French Commercial Code (paragraphs 2 and 3), it is essential that the trusted third party that holds the sequestered funds and then releases the funds be fully independent from Artprice, both legally and capitalistically. But I can assure you that we have demonstrated to our two trustee partners, the high number of clients who arrived on the web page of the trusted third party and then dropped of the transaction because they feel that transferring large amounts of money without a complete mastery of the text in their own language represents a significant risk. Thus by proving to them exactly how much business they were losing we have managed to convince them to translate their web pages and their computer APIs into the languages used by Artprice (French, English, German,
Italian, Spanish and Chinese).
So the problem will be fully resolved by the second quarter with also very likley the arrival of a third Asian partner as trustee for the Asia / Pacific region.

Boursica:

Can we consider that the Standardized Auction Marketplace is now fixed?

Thierry Ehrmann:
Yes, in essence, everything is there. But Artprice has a very strong corporate culture of building systems that are concrete, simple and inexpensive in human resources. We deliberately leave a significant proportion open to a wide variety of extensions based on information from our Customer Service that is a real advantage for analyzing customer requests from all countries. The biggest danger is developing monolithic software that is trapped within a colossal specification imposed by force on international customers. The big mistake the French often make is trying to impose a product according to its own tastes. Artprice has an opposite practice and we believe that customers and the market are our best prescribers and advisers. This approach seems simple and yet very few groups in France adopt it.

Boursica:
You mentioned in a press release that the current online offer already corresponds to your forecast for 2013. Is that still the case?

Thierry Ehrmann:
Indeed, we had expected 300 new lots presented each day, corresponding to an average of 90,000 lots per year. We are currently seeing an average of around 500/700 new lots per day within a very broad price range. It should be noted that for a large auction house, a handsome catalogued sales never exceeds 300 to 350 lots offered and on average it takes 2-3 months of preparation, whereas for Artprice it takes 12 hours on average. That is worth thinking about….

Boursica:
Why not transfer the Standardized Fixed-Price Marketplace to the auction platform directly? This would bring in turnover that you already own, and which would be substantial and immediate for Artprice.

Thierry Ehrmann:
Indeed, the question arose and we had a real debate at the heart of Artprice. As creator of the Standardized Fixed-Price Marketplace I considered that its massive volumes represent a genuine ecosystem since January 2005 and that we should make a smooth transition, without forcing our loyal customers.

Boursica:
You seem very sure of your premise. Could you develop this idea?

Thierry Ehrmann:

It's simple, I assume that a vast majority of sellers would naturally choose the auction because, unlike real estate or automobiles markets where the difference between the fixed-price and the auction price is not that large, in the case of Artprice, the fixed price / auction differential on a work of art can easily run to double, even if the fixed price seller is a market professional. It is this premise that has allowed me to believe that for 7 years we have acquired a huge number of sellers and buyers worldwide in the form of databases and proprietary software, who generate an annual sales volume estimated at about €1.8 billion out of the €6.3 billion works presented for sale (in value terms). It would, in my opinion, be mad to force these market players, who have strong personalities and are perfectly capable of forming an opinion themselves, onto the art
auction market. In fact, this notion is confirmed everyday as we see natural migrations to the auction platform.

Boursica:
But your shareholders want an immediate result?

Thierry Ehrmann:
We have already been extremely patient waiting for France to decide to write a European directive into domestic law. I refuse to play a counter-productive game to appease a small number of shareholders who want daily regulated communication and who equate our share price with that of the gambling company La Française des Jeux. I have nothing against the La Française des Jeux which is also a quality group; but the thrill-seekers who want a daily performance are not destined to be Artprice shareholders.

Boursica:
What do your existing shareholders think?

Thierry Ehrmann:
In fact, all of our existing and major shareholders are almost more patient than we are. According to art market historians and sociologists we are fostering a change as important as the switch from open outcry trading to ECNs like the NASDAQ or Thomson Reuters’ Instinet. As such, it may take a little time, particularly as, with our intellectual and industrial property rights, we have a legal monopoly regarding the standardization of the Art Market (artist ID, work ID, catalogue raisonné ID, estimate / econometrics ID… See previous Boursica interviews) without any abuse of a dominant position and therefore with an absolute lack of serious competitors possessing similar intellectual property rights over the last 16 years. In the unlikely event that one day a number 2 arrives on the market, the hard rule that I have been practicing for 25 years with regard to online
business would apply, i.e. "Second place is the First loser".

Boursica:
Will we see a report with the extraordinary general meeting of 30 March 2012 which was not in the calendar?

Thierry Ehrmann:
Yes, indeed. This EGM will definitively set in stone the success of our economic transformation that is now a certainty for us. First of all, after 16 years of work, we have become the world leader in art market information with 1.4 million subscribers. In early 2012 we have acquired the conviction that the heart of our business are the Standardized Fixed-Price and Auction Marketplaces and that these activities generate an optimal level of profitability. That is why we are substantially altering our corporate purpose in order to remain consistent with the adventure that is Artprice’s extraordinary growth and development.

Boursica:
Some of our readers have suggested that a capital increase will be announced at the EGM. Is this the case? I thought you were against the idea.

Thierry Ehrmann:
There is no question of a capital increase but only of a stock option plan in order to attract the rare and atypical profiles we are seeking for our Standardized Auction Marketplace activity. It is clear that we are seeking the best people from the somewhat exclusive world of the art market and we want to give ourselves the power to attract these people. Similarly it makes perfect sense to reward employees of Artprice who have committed so much of their time to the business.
Concerning capital increases, I reiterate my comments, that I am totally opposed to capital increases which not only dilute shareholders but also – which is often forgotten – prevent the listed company’s share price from rising very quickly. Unlike the vast majority of listed companies, we have no debt whatsoever, no overdraft, no short, medium or long term loans outstanding, no bank covenants or financial instruments to repay such as equity warrants or other derivatives. At the same time we have an excellent cash position and a negative working capital requirement.

Boursica:
A few days ago, you published your 2011 art market report. How is it that all the French and international media and institutions only quote Artprice when talking about the art market? Is the due to some kind of lobbying?

Thierry Ehrmann:

No, I assure you… there is only one answer to your question: Artprice’s history: today we are the only group ever to have standardized the art market with more than one million hours of work by historians, researchers and art market journalists who have researched and written on all the works from these manuscripts and art catalogues from the 17th century to today. It is because we have the world’s largest art market information database that can trace works of art over the centuries, with 108,000,000 images and engravings of artworks from 1700 to the present day, each accompanied by comments by our art historians. With this normalization and more than 3,600 auction houses that are connected to our secure intranet, we are the only news agency (Art Market Insight) to be able to provide macro-economic data, prices and indices based on the repeat sales method and over
one hundred benchmarks that allow more than 6,300 media each year to understand the art market via objective and comprehensive figures.

Boursica:
Do you have a concrete example?

Thierry Ehrmann:
Take for example China, where we are by far the only ones capable of gathering and processing information in a market where the language barrier and the habits and customs make it a difficult and delicate task.

Boursica:
This permanent presence in the media does it have a cost?

Thierry Ehrmann:
No, quite the contrary, on a systematic and contractual basis, the press and broadcast media are obliged to quote their Internet sources with our code and to comment on our methodology. We estimate that each year we save between 16 and 18 million euros by not having to buy advertising space which, in any case, would not have the same relevance because nothing can replace press agency content which has a much deeper impact than advertising, however clever it may be. As regards market research destined specifically for the media, insurance companies or private banks, this is of course billed at an appropriate tariff.

Boursica:
But didn’t you mention an international advertising campaign for the launch of the Standardized Auction Marketplace?

Thierry Ehrmann:

Yes, in the framework of the launch of our auction activity, we certainly received very good media coverage, but we have also decided to implement for the year 2012, a campaign plan focused on the art press, whereby we select in each key country the leader and co-leader as well as TV network campaigns that are highly targeted on art and the luxury sectors. The campaign began in late January 2012, in line with the art market’s calendar, which invariably gets into full swing with the so-called spring sales.

Boursica:
Returning to Artprice’s 2011 annual art market report which was just released. Although it is available on your website, could you tell us briefly what is its basic conclusion?

Thierry Ehrmann:
The first lesson is its title: "Art has never sold as well as in 2011". Global auction revenue exceeded its absolute record with total revenue amounting to $11.5 billion. This means that, based on a standard ratio between the secondary and the primary art market, the total base of the art market, including the primary market (galleries, art dealers and brokers), now represents approximately $90 billion. In addition, the unsold ratio was at its lowest. China is way ahead of the United States generating 41.4% of total global auction revenue and Asia alone has become a real market with almost 45% of the global market. Chinese artists are ranked highest in both our Top 10 and our Top 500. Look for example at the habitually top-ranked artist in the West, Pablo Picasso. For the first time, in decades is not even in the top-3, having been relegated to 4th place. As for France,
nothing new, the continuous contraction, over and over again.
The number of auction results above the million-dollar line is continuing to grow worldwide, particularly in Asia.

Boursica:
The art market is therefore like gold… is it a safe haven?

Thierry Ehrmann:
Yes, this phenomenon has been severely tested by the economic crisis that started in 2008 and the near-collapse of the financial world in 2011. In effect, the art market has shown great maturity and performance. It's not for nothing that the private banking and wealth managers now advise, thanks to Artprice’s econometric tools, to diversify into the art market in times of crisis. I invite you to study the progressions of our indices per price range and you will understand that the Artprice Global Index has performed better than the S&P 500 and the Eurostoxx 50.

Boursica:

Speaking of million-dollar results, how long do you think it will be before we see a 7-figure result on Artprice…an event that would indeed be momentous ?

Thierry Ehrmann:
Seven-figure results on Artprice are an absolute certainty, given our discussions with major players in the art market. So it's only a matter of time. One guess I will make…. whenever it is, it will concern a Chinese artist.

Boursica:
To return to France’s performance on the global art market, why such a contraction from year to year?

Thierry Ehrmann:

I have often been asked this question. France was the world number 1 in the 60's but alas, it has continued to lose ground. Some numbers: its Contemporary art market weighs just over USD 13 million a year, which on a global scale, is tiny. On a good day New York or London are capable of generating more from just one cataloged sale than France can in an entire year. It is evident that nearly 500 years of auction monopoly and the first “reform” of 2000, which was a complete misnomer, have contributed to paralyzing the French market. We have had very personal experience of this in our 16 years of litigation and ten legal procedures from which we have emerged victorious after years of waiting.

Boursica:
But the war is now over between Artprice and the old monopoly?

Thierry Ehrmann:
Economically, the die is cast and we have a Californian highway in front of us. On the legal front, without being vindictive, we have to finalize some issues where the economic damage we have suffered must lead to a compensatory process. Likewise, some unsuccessful claims deserve to be matched by counterclaims. In addition, we are firmly maintaining our criminal complaint with the Competition Authorities against French auction houses for non-competitive practices with new elements since late January 2012.

Boursica:
Who are you targeting?

Thierry Ehrmann:
In fact, a handful of former Parisian auctioneers, mainly at Drouot, with its judicial scandals and repeated indictments. As regards France’s auction market supervisory authority the Conseil des Ventes Volontaires (CVV), its press release dated January 6, 2012 a few hours before the launch of our Standardized Auction Marketplace, without any prior mail or phone call or warning, was totally surreal as this authority knows us very well, both from our meetings and from the data we supply them with each year for their annual report on the auction market. I ask you…Since when has an initial legal notification been delivered in the form of a press release, without any advance notification through the courts?
For me the mission of the CVV is important, but it should conduct its missions in strict compliance with the legal and adversarial procedure under French law. Things being what they are, we suspect that the afore-mentioned small group of former auctioneers close to Drouot, angered by the consequences of the law of 20 July 2011 and in particular Article 5, which I just mentioned, intentionally misled the CVV that has worked in recent years with scarce resources, and has had the courage to initiate a real debate on the inexorable decline of the French auction market. You should know that we have received extremely violent threats from a few players who cannot bear to see their margins and markets collapse. My natural insight and many years of experience allow me to observe with complete equanimity that such manifestations of hate and anger prove that we have hit exactly where the profit
is buried. In other words, our 5% net commission on works sold over €15,000 and 7% on works sold €7,500 to €15,000… that is what they don’t like!

Boursica:
So with your help, among others, has Internet therefore devoured the art market?

Thierry Ehrmann:
Everything must be kept in proportion and don’t forget that more than 4,500 art websites have disappeared since 2000 and we have seen the virtual disappearance of listed Internet art site, now relegated to the OTC market with hardly any trading volume. In our case, we started Artprice when there were less than 30 million Internet users and there are now over 2.7 billion users, with the best yet to come. But above all, the statement by the Head of Christie's about Artworks and Internet is an excellent reference for us.

Boursica:
There is still growth on the Internet?

Thierry Ehrmann:
We're only at 30% of the growth cycle on the Internet and at 15% of the dematerialization of the “old” economy. The mobile Internet suits Artprice perfectly, because our customers are nomadic by nature and needs information in the heat of the action, as experts, insurers, dealers, auction houses, customs services, and of course collectors and amateurs buying or selling in galleries or at auctions.
For Artprice, the mobile internet should represent about 80% of our consultations. We are already over 30% and this year all the major consulting firms have issued forecasts estimating the number of smartphones sold in 2012 at between 550 and 700 million, implying a massive number of new mobile users. In 2015, more than 3.5 billion mobile Internet users will be able to connect to Artprice.

Boursica:
What do you mean by 15% of the dematerialization of the old economy:

Thierry Ehrmann:
We are only at the beginning of the dematerialization of the old economy.
Let me quote my old master Pythagoras, the first philosopher for whom everything was numbers (with the exception of essences that are unquantifiable, inexpressible human emotions that have nothing to do with numbers). Hence…beyond the number of Internet users… almost every commercial transaction can be dematerialized… Artprice with the Art Market is a perfect example. In fact, you will see that the world is heading two distinctly complementary directions: dematerialization and sustainable development. The only real answer to the energy crisis is dematerialization.

Boursica:
Faced with such figures, how will you cope technically?

Thierry Ehrmann:
In the 1990s, through our parent company, Server Group, which is one of the earliest pioneers of the Internet since 1987 (according to Time Magazine), we have worked in compliance with European directives and the CNIL (French Data Protection Authority) on the concept of data mining, but we have now moved to the concept of "Big data" with data storage units measured in petabytes. This data is generated in real time; it comes from all countries in continuous streams, is meta tagged, but heterogeneously, and come from very diverse deconstructed non-predictive sources.

Boursica:
What is the difference between Big data and Data mining? Are we talking about the same thing?

Thierry Ehrmann:
No, I'll explain why. The concept of data mining was to cross groups’ high value-added database data in order to produce very high quality data. The concept of Big data has Data mining as a subset, but with the collection – in compliance with the rules of personal data protection – of billions of data (logs) previously considered non-core, whereas in fact, as soon as we saw how the cost of the petabyte (1000 terabytes) was diminishing, we realized that the data mining exploitation of this a priori less qualitative and considered negligible data, could in fact produce uncommonly rich data. We can now understand complex and immediate phenomena and quickly provide products and services that literally follow the demand of our tens of millions of free or paid visitors.

Boursica:
Specifically, what types of applications may "Big data" be able to provide?

Thierry Ehrmann:
We were able to measure, for example, since the opening of the Standardized Auction Marketplace on January 18, 2012, not only the sheer number of visitors who had never visited Artprice before, but also, by examining hundreds of millions of logs as of January 18, 2012, to understand why these new customers came only now, i.e. since the start of the auction service. Similarly, as I said earlier in this interview, in this enormous volume of traffic that has increased almost fivefold compared with the Standardized Fixed-Price Marketplace, we can interpret these new clients and prospects who appear to be only interested in the auction service, but who actually spend their time zapping between the Standardized Auction Marketplace and our free and low-value added data in our paid databases on prices, indices, and biographies, without spending more than €50.
Thanks to the Big data, we can produce tailored subscriptions that assume that 70% of these new clients and prospects are equipped with mobile internet and calculate their level of paid information according to their profiles that we estimate at around €36 per year or €3 per month. What changes everything in this analysis is that our target is no longer measured in millions of subscribers, as is the case now, but tens of millions of art consumers on mobile phones such as iPhones or Android OS Google phones

Boursica:
In all this, where are the artists?

Thierry Ehrmann:
Well this is it! in fact…thanks to the Big data, we realize that, despite our biographical database covering 1.8 million artists (of whom 450,000 sell through public auctions), there are nearly a million other artists who are much less known, with more discreet careers and who are really fascinated by the possibility of selling their works on our Standardized Auction Marketplace, with their biographies online, without going through the economic process of the gallery and then the auction house which they eschew for reasons of independence. This potential is far from negligible and the price of their works, often under €7500, allows us to apply our lower tariff range of 9% commissions and fees.

Boursica:
Regarding your social network Artprice Insider, how far have got with that?

Thierry Ehrmann:
This social network, built with sociologists and network professionals, will be the opposite of Facebook; professionals and Artprice members will appear under their real names and Artprice Insider will be coupled to the Standardized Fixed-Price and Auction Marketplace. The first tests have given excellent results and the information exchanges are all “uselful” unlike the majority of social networks which are overflowing with useless information. We’ve been perfecting it over the past 18 months because it is going to have an explosive impact on the cozy world of the art market, and we want to make sure we get it right.

Boursica:
This network, would it be reserved for art market initiates?

Thierry Ehrmann:

No, not exactly. I would say that this network is more akin to a think tank or a Brain box. The strength of Artprice Insider will be its capacity to foster original ideas, to bring together a pool of experts, to be a forum for expertise, to feed the debate concerning the art market and to encourage the emergence of new concepts. In short…Absolutely every aspect of the art market needs to be re-invented, having been totally asleep until the arrival of the Internet. Now here is a small scoop: there will be live contributions from members of the top 100 Market Makers of the art market on Artprice Insider.

Boursica:
With all these projects, how do you find the time to prepare a retrospective of your 30 years as a sculptor-artist for June 2012 at the Abode of Chaos, which apart from being Artprice’s headquarters, is also a Museum of Contemporary Art?
 
Thierry Ehrmann:
You are right… I will be “celebrating” my 30 years of work as a sculptor-artist in June of this year and I have indeed been preparing this event for 18 months in the shape of a major project consisting of 450 raw steel sculptures that are an invitation to visitors to complete the course and discover the 3,609 outdoor artworks forming the corpus of the Abode of Chaos (dixit The New York Times).

The project involved more than 900 tons of raw steel, master blacksmiths and high precision laser, to create what will be Europe’s largest statuary facility. Once again, I would say that my direct connection with creative processes helps me enormously in my relations with artists and art market players. Artprice could not exist or succeed without being totally immersed in the field of art. Anecdotally, among our 120,000 visitors per year, there are a significant number of shareholders and customers; so I can enjoy weekends of discussions and exchanges that are highly relevant to Artprice outside the work context. With a touch of humor, I can say that I do a 63 hour week. That said, this choice, which I accept with lucidity, can explain many things that some do not fully appreciate.

Boursica:
What about your stock price in 2011? And what are you expecting in 2012?

Thierry Ehrmann:
In my humble opinion, few managers of listed companies in Europe anticipated their stock market progressions in 2011 as accurately as we did. In 2011 Artprice posted the best performance of the entire French regulated market, rising no less than +472% over the year (on a total traded volume of €873 million) and passing the symbolic €67 mark that I had predicted on the basis of the famous stock market dictum "price seen, price re-seen". On a sliding annual basis to date, our share price has posted an increase of 476% on a traded volume of €1.25 billion. This year, with the Compartment B Eurolist and our transition to SRD Long Only a few days ago, and of course the new auction activity, I believe that we could see Artprice’s share price consolidating around 90 euros. Naturally, I say this with all the usual reservations, disclaimers and
warnings that apply to such predictive declarations, particularly with respect to exogenous events.

Boursica:
You said recently that certain funds might be interested in Artprice. Can you tell us more?

Thierry Ehrmann:
Without transgressing the principle of confidentiality between the parties, our switch to the SRD Long Only segment means that many funds that are statutorily prohibited from taking positions in French companies on the SRD can now acquire lines in Artprice. These funds have a very different approach to the French funds and essentially approach valuation through the stock market comparison methodology. In our case, with our Standardized Auction and Fixed-Price Marketplace, Artprice is perceived as a major player in the Art Market on Internet. Logically therefore, we are compared with a number of different companies including Sotheby's which is the only publicly-traded auction company in the world. This vision of Artprice leads to a very different valuation of Artprice because they believe that our stock price does not at all represent the company’s true value.

Boursica:
Can you be more specific?

Thierry Ehrmann
In our first interview in June 2011, we gave you computing elements with specific examples of valuation methods that are more than 120 years old (N.B. 80% of the value of an Auction House is its client base – between $800 and $4000 per client – and the other 20% is its reputation if it is well known. Hence according to this method, the valuation essentially depends on correctly assessing whether a client is worth $800 or $4000, and this assessment is based on strata of information about the client). So for Artprice’s teams, myself and our shareholders, we are almost certainly at the start of a new adventure. I would say we are like a company that is preparing an IPO on the Nasdaq, with, as a significant advantage, the maturity and experience gained from 11 years of outstanding and irreproachable performance on a regulated market. It's very exciting and extremely motivating.

Boursica:
And your agreements in Asia… how is that dossier progressing?

Thierry Ehrmann:

In March 2012, we are starting a long campaign in China involving nearly 40 meetings with major Chinese auction houses with whom we share much in common, including the dematerialization of the art market, and they think like us, that the notion of physical auction houses is outdated in 2012 compared with the Internet and in particular our Standardized Auction Market Place which will have its own HQ in our future offices in Hong Kong.
Asia, which I have known well for 20 years, moves at a very different pace to the West. It takes much longer to gain the confidence of your future partner. A business man’s word is considered more important than a contract. But, at the same time, Asians are capable of setting up a business at speeds that would make most Westerners panic. I think that Artprice is well positioned in Asia where we are considered forward-thinking, far ahead of the old Anglo-Saxon auction houses that are seen by Asians as sometimes overtaken by events.

Boursica:
Since you mention the old Anglo-Saxon houses, what is your relationship with them now and especially since January 18, 2012?

Thierry Ehrmann:
The balance of power that was established in 2005 with the Standardized Fixed Price Marketplace Standardized has changed considerably. It seems that the two economies (physical and digital) have each conducted in-depth reflections on their future. It is true that the confrontation between the old economy and the digital economy in sectors other than the art market have advanced the debate. Once again, the die is cast, with nearly three billion Internet users compared with 50 million in 1999, hence my theory of the economic paradigm shift.

Boursica:

Can you tell us a little more about this paradigm shift?

Thierry Ehrmann:
The old economy has finally realized that our 25 years experience on the Internet as Group Server (which controls Artprice), of which I am the founder, cannot be acquired overnight and is very expensive to acquire in view of the sophistication levels of today’s Internet culture. In the art market sector, I recall anecdotally that the New York authorities issued recommendations to wealthy New Yorkers to avoid a number of locations, including auctions, due to the "Occupy Wall Street" demonstrations. That said, the big auction houses are gradually liquidating their real estate or prematurely terminating their leases. They have discovered that IT systems within secure Intranet networks, data mining, behavioral marketing, indexing, databases standardizing the art market… these are all heavy industrial tools with very high financial and technological barriers to entry,
and, sometimes, as in our case, under the protections of intellectual property that quite simply prohibit anyone from setting up Standardized Marketplaces® on the art market (without a license from us) since Artprice owns the different copyrights, including, amongst others, the sui generis rights.

Boursica:

So what should we conclude?

Thierry Ehrmann:
The first conclusion is that the old school has recognized the value of the tangible and intangible assets that constitute one of Artprice’s major treasures. The second point is that the big auction houses have all invested in the Internet, usually via two or three investment plans, systematically involving hundreds of millions of dollars, with generally unsatisfactory and sometimes disastrous results. The third point involves the recognition of a historical actor like Artprice and the ability to imagine, for the first time, a true sharing of the art market.

Boursica:
How would the Art Market be shared?

Thierry Ehrmann:
Very simply, the whole segment of works under €15,000 is foreign to them, and yet it accounts for a colossal proportion of the art market (81%). Between €15,000 and €50,000, they are not really competitive in price terms. This raises the issue of works of more than €50,000 and of course works in 7-figures which can be accompanied by tailored services for both the buyer and the seller. It doesn’t take long for these old auction houses to realize that their marketing benefits and seniority will not be enough to balance their projected budgets for the next five years. They therefore need to take a pragmatic approach by moving closer to us.

Of course, we respect them, but we cannot do anything other than refer to our Asian partners who have long anticipated the situation and therefore have no further problems to resolve. It is however quite possible that we will manage to find common ground because there is now a younger generation of senior management running these old houses who are not letting the ghosts of the past get in their way and are finally taking action.
I firmly believe that in 2012 our shareholders will have plenty of good and occasionally surprising news.

Boursica:
Can you tell us more?

Thierry Ehrmann:
Without revealing any secrets, we have key players who, with great maturity, have decided to progressively adopt us as a white or gray label. It is obvious that within these frameworks, the transfer of revenues from traditional companies that have been operating art auctions for many years, using our Standardized Auction Marketplace for their own account, is likely to have a significant impact on our share price.
Currently, this is the type of scenario we are experiencing on a regular basis: the CEO of a large international auction house retires and is replaced by a new CEO of 35 who, immediately after his audit, approaches us with a real desire to do big business, whereas his predecessor, close to retirement age, considered Artprice in the best of cases as nothing more than an art world UFO. Once again, patience has been an essential element in the success of Artprice since its inception.

Boursica:
In that sort of context, what then is your status?

Thierry Ehrmann:
In such cases, we work as an IT services house and central server and we charge recurring fees for hosting and for the use of our software and proprietary databases.

Boursica:
Finally, a last word. In our first interview, you said that Artprice was only at 10% of its development potential; then, in the second interview, you thought that 5% would be a more accurate estimate. How much would you say today?

Thierry Ehrmann:

We are still at 5% of Artprice’s development, but the big difference is that in 2011, that 5% was only an intuition, whereas now it is backed up by facts and figures, which changes everything for our shareholders and for us …

© 2002-2012 all rights reserved Boursica.com
Previous interviews of thierry Ehrmann, founder and CEO of Artprice.com:
– June 5, 2011
http://serveur.serveur.com/Press_Release/pressreleaseEN.htm#20110606
– October 9, 2011
http://serveur.serveur.com/Press_Release/pressreleaseEN.htm#20111010

Artprice is the global leader in databank on Artprices and indices with more than 27 million indices and auction results covering 450,000 artists. Artprice Images® offers unlimited access to the largest Art Market resource in the world, a library of 108 million images or engravings of artworks from 1700 to the present day along with comments by Artprice's art historians. Artprice permanently enriches its databanks with information from 4,500 international auction houses and auctioneers and publishes a constant flow of art market trends for the main news agencies and 6,300 international written media. For its 1.3 million members (member log in), Artprice posts standardized adverts in what is today the world's leading Standardised Marketplace® for buying and selling works of art by private contract or at auctions (regulated by French law alinéas 2 et 3 de
l'article L 321.3 du code du commerce).

Artprice is listed on Eurolist B by Euronext Paris (SRD long only) : Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF
Artprice releases:
http://serveur.serveur.com/press_release/pressreleaseen.htm

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video/, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos

Follow all of the art market’s news with Artprice on Twitter:
http://twitter.com/artpricedotcom/

Suite de l’interview exclusive de thierry Ehrmann, PDG d’Artprice.com (7 mars 2012)

2012/03/07 Commentaires fermés

Suite de l’interview exclusive de Thierry Ehrmann, PDG d’Artprice.com (7 mars 2012)

Boursica :
Nous vous avons interviewé en profondeur le 05 juin et le 09 octobre 2011. Nous sommes début mars 2012 et les enchères ont démarré sur Artprice depuis près d’un mois et demi. Quelles sont vos impressions ?

Thierry Ehrmann :
Pour comprendre certains points de cette interview, il est nécessaire pour vos lecteurs de les renvoyer vers les interviews du 5 Juin 2011 et du 9 Octobre 2011 qui sont les grilles de lecture de cette troisième interview. Nous avons donc effectivement démarré le 18 janvier 2012 les enchères, après 16 ans de combat législatif contre un des plus vieux monopoles au monde: les ventes aux enchères d’art, qui datent de l’Edit de 1556. Nous sommes arrivés à faire valoir la libre concurrence par la désormais célèbre loi du 20 juillet 2011.

Boursica :
Vous êtes donc devenu « Maison de ventes » ?

Thierry Ehrmann :
Non, plus précisément nous sommes devenus opérateur de courtage aux enchères, réalisées à distance, par voie électronique, comme défini par l’article 5 de la loi 2011-850 du 20 juillet 2011 par notre Place de Marché Normalisée ® aux enchères.

Boursica :
Pouvez-vous préciser ?

Thierry Ehrmann :
Artprice possède un ensemble de process de normalisation du marché de l’art unique au monde, à travers une multitude de dépôts, au titre de la propriété intellectuelle (droit sui generis, brevet logiciel, droit d’auteur, …), qui nous permet, à travers la Place de Marché Normalisée, de rapprocher l’offre et la demande en temps réel, à prix fixe ou aux enchères. A ce titre, nous ne sommes pas responsables de l’enchère car nous ne sommes pas attraits aux parties (l’acheteur et le vendeur). C’est le vendeur qui choisit in fine la meilleure enchère, selon ses propres critères, et nous reverse entre 5 et 9% de commission pour l’usufruit de notre Place de Marché Normalisée aux enchères et de notre fichier clients, le plus important au monde à ce jour, de 1,4 million de membres, dont nous connaissons, pour chacun, de manière très précise, ce qu’il recherche ou souhaite vendre.

Boursica :
Revenons à ce mois et demi écoulé. Qu’avez-vous constaté en sept semaines ?

Thierry Ehrmann :
Nous avons d’abord relevé un défi extraordinaire, celui de réunir en offre, plus de 5000 lots à l’ouverture des enchères le 18 janvier 2012, représentant une valeur de plus de 810 millions d’Euros avec toute une gamme de prix allant de quelques centaines d’euros à plusieurs dizaines de millions d’euros.
Pour comprendre ces 45 premiers jours d’enchères, il est nécessaire d’expliquer auparavant la genèse des transactions sur Artprice, par sa Place de Marché Normalisée à prix fixe, dont je rappelle qu’elle est née le 18 janvier 2005 et qu’elle a progressé de manière spectaculaire, avec une offre démarrée en 2005 à 1,2 milliards €, puis en 2006 plus de 2,7 milliards €, 3,6 milliards € en 2007, 4,5 milliards € en 2008, 5,4 milliards € en 2009, pour se stabiliser en 2010/2011 à 6,3 milliards € avec environ de l’ordre de 30% de ventes abouties, pour lesquelles nous n’étions pas commissionnés (tous les chiffres précis sont sur les documents de référence et communication réglementée accessibles sur le site ActusNews homologué par l’A.M.F.). Très vite, les Acteurs du Marché de l’art en 2012 ont réagi de manière assez rapide avec le passage aux enchères, avec un accueil remarquable et très positif mais aussi en contrepartie un tout autre accueil d’un petit noyau dur, principalement proche de Drouot, d’une vieille garde usée qui a déployé des moyens de nuisance, voire de menaces, impensables en Europe.

Boursica :
Parlons d’abord de cet "accueil remarquable et très positif ", selon votre expression.

Thierry Ehrmann :
Nous avons eu très rapidement, une génération de Galeristes, Maisons de ventes, Marchands d’art, Artistes, Collectionneurs et Amateurs qui ont compris que plus rien ne serait comme avant. Il est vrai que nos enchères étant limitées dans le temps, les transactions et les échanges ont véritablement explosé, par rapport à la Place de Marché Normalisée à prix fixe d’Artprice, où la notion de temps est plus étendue. Nous avons multiplié dans les jours qui ont suivi pratiquement par cinq notre trafic en bande passante et en nombre de logs. Nous avons eu des témoignages et des contributions d’une richesse inégalée. Pour toute une génération, que je situerais entre 25 et 50 ans, Artprice, par son fichier clients, qui est le plus important au monde (1,4 million de membres) et ses milliards de logs de comportements stockés conformément aux directives européennes et françaises, a donné à ces acteurs du marché de l’Art, la possibilité de leurs bureaux ou de chez eux, en quelques secondes, sur des artistes parfois peu connus, de toucher en quelques heures les dizaines de milliers d’acheteurs potentiels sur des artistes précis en provenance des cinq continents. Des discussions hors normes se sont établies entre ces acteurs et nous-mêmes qui ont la force de remettre en cause tout leur processus de vente. Ce qui démontre un vrai courage de leur part.

Boursica :
Quel était le sens de ces discussions et comment se traduisent-elles ?

Thierry Ehrmann :
C’est pour ces Acteurs du marché de l’art une remise en compte intégrale de leurs métiers. Ils découvrent subitement qu’ils possèdent de facto une puissance de feu supérieure aux fichiers clients des plus grandes maisons de ventes ou célèbres galeries. Enfermées dans leurs propres fichiers clients et obligées de faire des foires d’art internationales à grands frais pour se déployer sur d’autres continents, elles ont subitement, par Artprice et sa Place de Marché Normalisée aux Enchères, découvert un nouveau paradigme économique qui les fait migrer définitivement dans l’Internet, qui est désormais la terre de toutes les conquêtes des cinq continents.

Boursica :
Qu’entendez-vous par nouveau paradigme économique ?

Thierry Ehrmann :
Ils comprennent que leur modèle économique, à savoir la pratique de marges élevées, avec un nombre restreint de ventes, faute de ne pas avoir un fichier clients de grande envergure, est en pleine mutation. Certains imaginent fermer en partie leur galerie ou leur établissement secondaire, d’autres leur salle des ventes physique. Ils découvrent, d’un point de vue macro-économique, que le marché de l’art, qui est passé de 500 000 collectionneurs d’après guerre, à 450 millions de "consommateurs d’art" aujourd’hui, leur est enfin accessible en quelques minutes de leurs lieux professionnels ou privés. De ce fait, ils peuvent effondrer leurs marges, jusqu’alors rédhibitoires, et multiplier leur chiffre d’affaires dans des proportions qu’ils n’imaginaient pas, faute de lourds moyens financiers et de connaissance profonde de l’Internet. En un mois et demi, nous avons levé beaucoup de freins et d’inhibitions que nous corrigeons. Mais attention, si nous prenons en compte les quatorze jours d’enchères, le règlement livraison au tiers de confiance (délai d’environ 15 jours compte-tenu des virements internationaux) et la finalisation de la vente entre acheteur et vendeur qui donne la main levée définitive, nous commençons à peine à percevoir les commissions de fin janvier 2012 qui était notre date d’ouverture aux enchères. Donc nous allons certainement avoir de bonnes surprises bientôt, car la montée en charge des enchères sur la Place de Marché Normalisée est constamment en progression et ce de manière régulière depuis son ouverture le 18 janvier 2012.

Boursica :
Avez-vous confronté votre postulat avec les grandes maisons de ventes anglo-saxonnes ?

Thierry Ehrmann :
Je vous invite à lire en urgence la pleine page des Echos du 3 mars 2012, signée de Martine Robert, où le Rapport annuel d’Artprice sur le marché de l’Art est présenté avec en écho, une interview du Président de Christie’s qui se termine par cette phrase "L’avenir du Middle Market de 800 à 10 000 € est sur le net." Qui mieux que Christie’s peut nous le certifier ?
Je rajoute, en qualité de Président d’Artprice, que ce segment représente à l’échelon mondial, 81 % des transactions. J’amène donc bien la preuve par un tiers qui a la qualité d’expert incontestable, que l’ancienne économie du marché de l’Art considère noir sur blanc que 81% passera bien par Internet et de facto, par notre position de leader incontestée, sur notre Place de Marché Normalisée.

Boursica :
Vous avez parlé de freins et d’inhibitions. Pourriez-vous être plus précis ?

Thierry Ehrmann :
En effet, notamment avec le problème majeur concernant le tiers de confiance, nous avons retenu le leader mondial du séquestre "Escrow.com", au passage je rappelle que le terme "escrow" signifie "séquestre" en anglais.
Leur mode opératoire est absolument parfait mais Escrow a un handicap en acceptant comme devise unique le dollar US, qui était un frein terrible, principalement pour nos clients européens. Nous avons donc choisi, en un temps record, un deuxième tiers de confiance, après un appel d’offres, qui est Transpact, en Angleterre, qui gère le dollar US, l’Euro et la Livre Sterling avec un déploiement à la mi-février. Mais nous avions toujours le problème de la barrière linguistique.
En effet, autant nos clients sur Artprice ont accès à six langues, autant sur les sites de nos deux tiers de confiance, la langue unique qui est l’anglais se révèle être un véritable obstacle car les sommes en jeu sont très importantes et nos clients veulent d’un point de vue juridique et pratique comprendre parfaitement toutes les étapes et le mode opératoire de séquestre et de main levée avec le tiers de confiance.

Boursica :
Mais pourquoi ne pas choisir un tiers de confiance par zone linguistique ?

Thierry Ehrmann :
Je dois vous faire un aveu, notamment en France, aucune banque, ni établissement assimilé, n’a été capable de relever le défi du cahier des charges, alors que les sommes en jeu séquestrées seront à terme colossales et que, de surcroît, la notion de tiers de confiance, dans l’économie numérique, est applicable à bien d’autres groupes et activités économiques, différents d’Artprice et du marché de l’art. Cela explique, entre autres, un certain échec français en matière d’économie numérique et mondialisée de facto…

Boursica :
Y a-t-il donc une solution ? Et pourquoi ne pas le faire vous-même ?

Thierry Ehrmann :
Au regard de la loi du 20 juillet 2011 sur les enchères en ligne, notamment l’article 5 retranscrit dans l’article 321-3 du Code de Commerce (alinéas 2 et 3), il est primordial que le tiers de confiance qui séquestre la somme et qui effectue la main levée soit totalement indépendant d’Artprice, tant sur le plan juridique que sur le plan capitalistique. Mais je vous rassure, nous avons, avec nos deux partenaires, montré le nombre très impressionnant de clients qui, arrivés sur la page du site du tiers de confiance, décrochent car ils considèrent que transférer des sommes importantes sans une maîtrise totale du texte dans leurs langues habituelles, est un risque non négligeable. C’est en montrant ce pourcentage de transactions désactivées en dernière minute sur les sites de nos tiers de confiance, qu’ils ont été immédiatement convaincus qu’ils devaient eux-mêmes modifier très vite dans les langues d’Artprice (français, anglais, allemand, italien, espagnol et chinois), leurs pages et leurs API informatiques.
C’est donc une affaire réglée qui sera résolue dès le deuxième trimestre avec très certainement en plus l’arrivée d’un troisième partenaire asiatique comme tiers de confiance sur la zone Asie/Pacifique.

Boursica :
Peut-on considérer que la Place de Marché Normalisée aux Enchères est désormais figée ?

Thierry Ehrmann :
Oui, dans l’essentiel, tout est là. Mais nous avons une très forte culture dans Artprice de faire des cahiers des charges béton, synthétique et peu coûteux en ressources humaines, qui volontairement, laisse une part importante à des extensions diverses et variées, que nous remonte notre Customer service qui est excellent pour analyser les demandes des clients de tous pays. Le plus grand danger est de faire un développement informatique faramineux, prisonnier d’un cahier des charges monstrueux qu’on impose de force à la clientèle internationale. La grosse erreur des Français est d’essayer d’imposer un produit en fonction de ses goûts. Artprice a une pratique inverse et nous considérons que ce sont les clients et le marché qui sont nos meilleurs prescripteurs et conseillers. Cette approche paraît simple et pourtant, très peu de groupes en France la pratiquent.

Boursica :
Vous avez fait état, dans un communiqué, que l’offre en cours correspondait pour le moment au prévisionnel de 2013. Qu’en est-il ?

Thierry Ehrmann :
En effet, nous avions tablé sur 300 lots nouveaux présentés par jour, soit une moyenne de 90 000 lots par an. Nous sommes actuellement dans une moyenne qui avoisine les 500/700 nouveaux lots présentés par jour avec une gamme de prix très variée. Il faut préciser que pour une grande Maison de vente, une très belle vente cataloguée n’excède jamais 300 à 350 lots présentés et il faut en moyenne 2 à 3 mois de préparation, a contrario d’Artprice où il faut 12 heures en moyenne. Cela en fait réfléchir plus d’un.

Boursica :
Pourquoi ne pas transférer la Place de Marché Normalisée à prix fixe, aux enchères directement ? Cela amènerait un chiffre d’affaires que vous possédez déjà, et qui est considérable et immédiat à Artprice.

Thierry Ehrmann :
En effet, la question s’est posée et nous avons eu un véritable débat au cœur d’Artprice. J’ai tranché dans le vif entant qu’auteur de la P.M.N. et j’ai considéré que la Place de Marché Normalisée à prix fixe, compte tenu des volumes énormes, est un véritable écosystème depuis janvier 2005 et que nous devons opérer une transition en douceur, sans jamais forcer nos fidèles clients.

Boursica :
Vous paraissez bien sûr de votre postulat. Pourriez-vous le développer ?

Thierry Ehrmann :
C’est simple, je pars du principe qu’une très grande majorité des vendeurs choisira naturellement les enchères car, contrairement à un marché comme l’immobilier ou l’automobile, où la variation entre le prix fixe et les enchères est somme toute peu importante, dans le cadre d’Artprice, le différentiel du prix fixe que l’on présume d’une œuvre d’art et celui du prix résultant d’une enchère peut, même si le vendeur est un professionnel, passer du simple au double très naturellement. C’est sur ce postulat que je considère que nous détenons, de manière propriétaire, depuis 7 ans, un nombre de vendeurs et d’acheteurs très important dans un mode bases de données et software propriétaires et ce, dans le monde entier, avec un volume de ventes annuelles qui est estimé de l’ordre d’environ 1,8 milliards € sur les 6,3 milliards € de présentations d’œuvres. Ce serait, selon moi, une pure bêtise de forcer à passer aux enchères ces acteurs du marché de l’art qui sont dotés d’une forte personnalité et qui sauront très bien, par eux-mêmes, se faire une opinion. J’en ai la preuve tous les jours en voyant les migrations naturelles.

Boursica :
Mais vos actionnaires veulent un résultat immédiat ?

Thierry Ehrmann :
Nous avons su attendre un certain temps pour que la France se décide à appliquer en droit interne une directive Européenne. Je me refuse de faire le jeu contre-productif d’un tout petit nombre d’actionnaires qui voudraient une communication réglementée quotidienne et qui assimileraient notre cours de bourse à la Française des Jeux. Je n’ai rien contre la Française des Jeux qui est d’ailleurs un groupe de qualité mais les amateurs d’émotions fortes qui désirent un rendement quotidien ne sont pas pressentis pour être actionnaires d’Artprice.

Boursica :
Que pensent vos actionnaires historiques ?

Thierry Ehrmann :
Comme par hasard, l’ensemble de nos actionnaires historiques et/ou importants sont presque plus patients que nous le sommes. Nous sommes en train, selon les historiens et les sociologues du marché de l’art, d’effectuer une mutation aussi importante que le passage de la corbeille de bourse aux ECN de type NASDAQ ou Instinet de Thomson Reuters. A ce titre, il faut laisser un peu de temps au temps, d’autant plus qu’avec nos dépôts en propriété intellectuelle et industrielle, nous disposons d’un monopole légal, en matière de normalisation du marché de l’art ID artiste, ID oeuvre ID catalogue raisonné, ID estimation/économétrie… (Voir les précédentes interviews de Boursica), sans abus de position dominante et donc avec une absence absolue de concurrents sérieux disposant de droits similaires en terme de D.P.I. depuis 16 ans. Dans l’hypothèse peu vraisemblable qu’il arrive un jour un numéro 2, la règle terrible du Online que je pratique depuis 25 ans s’appliquerait "Second place is the First loser".

Boursica :
Peut-on voir un rapport avec l’A.G.E. du 30 mars 2012 qui n’était pas prévue au calendrier ?

Thierry Ehrmann :
Oui, effectivement. Cette A.G.E. grave définitivement dans le marbre la réussite de notre mutation économique qui est désormais pour nous de l’ordre de la certitude. Nous sommes, dans un premier temps, avec 16 ans de travail, devenus le leader mondial de l’information sur le marché de l’art avec 1,4 million d’abonnés. En début 2012, nous avons acquis avec assurance la conviction que notre cœur de métier et notre rentabilité optimale se situent sur la Place de Marché Normalisée à prix fixe et aux enchères. C’est la raison pour laquelle nous modifions en profondeur notre objet social pour être en adéquation avec cette aventure extraordinaire qu’est Artprice.

Boursica :
Certains de nos lecteurs nous ont fait part d’une augmentation de capital lors de cette AGE. Est-ce le cas ? Il me semble que vous étiez contre.

Thierry Ehrmann :
Il ne s’agit nullement d’une augmentation de capital mais uniquement d’un plan de stock-options dans le but d’être attractif pour des profils atypiques et rares que nous chassons pour la Place de Marché Normalisée aux Enchères. Il est clair que nous cherchons les meilleurs éléments où qu’ils soient dans le monde feutré du marché de l’art et nous voulons nous en donner les moyens. De même il est logique de récompenser les collaborateurs d’Artprice qui se sont impliqués dans des proportions au-delà des normes communes.
Concernant les augmentations de capital, je réitère mes propos, à savoir que je suis totalement hostile aux augmentations de capital qui non seulement diluent les actionnaires mais surtout, et on l’oublie souvent, interdisent à la société cotée de voir son cours grimper très rapidement. Contrairement à la grande majorité de sociétés cotées, nous n’avons pas un euro de dette. Pas de découvert bancaire, pas d’emprunts court, moyen et long terme, aucun convenant bancaire, ni d’instruments financiers à rembourser comme les BSA et autres produits dérivés, avec de plus, une bonne trésorerie et un BFR négatif.

Boursica :
Il y a quelques jours, vous avez publié votre rapport du marché de l’art. Comment se fait-il que tous les médias français et internationaux ainsi que les institutions ne citent qu’Artprice lorsqu’on parle de marché de l’art ? C’est un lobbying ?

Thierry Ehrmann :
Non, je vous le certifie, une seule réponse à votre interrogation: l’historique d’Artprice : nous sommes aujourd’hui le seul groupe au monde à avoir normalisé le marché de l’art avec plus d’un million d’heures de travail d’historiens, de chercheurs et de journalistes en marché de l’art qui ont documenté et écrit sur toutes les œuvres issues de ces manuscrits et catalogues, notamment du 17e siècle à nos jours. C’est pour cela que nous avons la plus grande banque de données d’informations sur le marché de l’art au monde qui permet de tracer les œuvres d’art au fil des siècles avec 108 millions d’images ou gravures d’œuvres d’Art de 1700 à nos jours commentées par nos historiens d’art. Avec cette normalisation et plus de 3600 maisons de ventes qui sont connectées sur notre Intranet sécurisé, nous sommes la seule agence de presse (Art Market Insight) à pouvoir fournir des données macro-économiques, des cotes et indices selon la méthode des ventes répétées et plus d’une centaine d’indices de référence qui permettent à plus de 6300 médias chaque année d’aborder le marché de l’art à travers des chiffres objectifs et exhaustifs.

Boursica :
Avez-vous un exemple concret ?

Thierry Ehrmann :
J’en veux pour preuve notamment la Chine, où nous sommes de très loin les seuls à remonter une information aussi difficile et délicate de par la barrière linguistique ainsi que les us et coutumes.

Boursica :
Cette présence permanente dans les médias a-t-elle un coût ?

Thierry Ehrmann :
Non, bien au contraire, de manière systématique et contractuelle, la presse écrite et audiovisuelle a l’obligation de nous sourcer avec notre code Internet et de commenter notre méthodologie. Nous estimons que chaque année, nous économisons en valorisation entre 16 et 18 millions d’euros d’espaces publicitaires qui, de toute façon, n’auraient pas la même pertinence car rien ne remplace un contenu d’agence de presse dont le degré de lecture est infiniment plus fort que de la publicité, si talentueuse soit elle. Concernant les études de marché spécifiques pour les médias, les assurances ou le private banking, bien évidemment, nous facturons nos études comme il se doit.

Boursica :
Mais vous aviez bien pourtant parlé d’une campagne publicitaire internationale pour le lancement de la Place de Marché Normalisée aux Enchères ?

Thierry Ehrmann :
Oui, dans le cadre du lancement des enchères, nous avons certes bénéficié de très bonnes retombées médiatiques mais nous avons complété, pour l’exercice 2012, par un plan de campagne ciblé sur la presse artistique, où nous avons pris pour chaque pays clé le leader et le co-leader ainsi que des campagnes sur des networks T.V. très ciblés sur l’art et le luxe. La campagne a démarré fin janvier 2012, pour se caler sur le calendrier du marché de l’art, qui prend son amplitude avec les ventes dites de printemps.

Boursica :
Revenons au rapport annuel du marché de l’art qui vient de sortir. Celui-ci étant disponible sur votre site Internet, pourriez-vous nous dire brièvement quel enseignement essentiel doit-on en tirer ?

Thierry Ehrmann :
Le premier enseignement est son titre : "L’art ne s’est jamais aussi bien vendu en 2011". Le produit mondial des ventes aux enchères a dépassé son record absolu avec 11,5 milliards $. Ce qui veut dire qu’avec le premier marché, soit les galeries, marchands d’art et courtiers, on est désormais sur une base d’environ 90 milliards $, selon les ratios entre le premier et le second marché. Le taux d’invendus est au plus bas. La Chine écrase les USA avec 41,4% de volume mondial et l’Asie devient à elle seule un véritable marché avec près de 45% du marché mondial. Les artistes chinois trustent toutes les meilleures places tant dans notre Top 10 que dans notre Top 500. J’en veux pour exemple l’Icône occidentale Pablo Picasso qui, pour la première fois, sort du podium pour devenir numéro 4 mondial. Quant à la France, rien de nouveau, la chute continue toujours et encore.
Le nombre d’enchères millionnaires ne cesse de croître dans le monde, notamment en Asie.

Boursica :
Le marché de l’art serait donc comme l’or, une valeur refuge ?

Thierry Ehrmann :
Oui, nous en avons la démonstration avec les deux épreuves terribles où l’économie et la finance mondiale se sont effondrées en 2008 et en 2011 alors que le marché de l’art a fait preuve d’une grande maturité et de performances exceptionnelles. Ce n’est pas pour rien que le private banking et les gestionnaires de patrimoine conseillent désormais, notamment grâce aux outils économétriques d’Artprice, de se diversifier en période de crise dans le marché de l’art. Je vous invite à regarder nos progressions par gamme de prix et vous comprendrez que l’Artprice Global Index se porte mieux que le S&P 500 ou l’Eurostoxx 50.

Boursica :
Justement, en parlant d’enchères millionnaires, à quand la première enchère millionnaire sur Artprice que tout le monde attend ?

Thierry Ehrmann :
Les enchères millionnaires sur Artprice sont une absolue certitude, au vu de nos discussions avec les grands acteurs du marché de l’art. Ce n’est donc qu’une question de date. Un seul pressentiment, cette enchère portera vraisemblablement sur un artiste Chinois.

Boursica :
Pour revenir aux performances de la France, pourquoi une telle chute d’année en année ?

Thierry Ehrmann :
J’ai souvent répondu à cette question. La France était numéro 1 mondial dans les années 60 mais hélas, elle n’a cessé de perdre du terrain. Quelques chiffres : l’art contemporain sur une année pèse 13 millions $, ce qui signifie à l’échelle du Monde le néant, New York et Londres sur de belles ventes cataloguées réalisent chacune en une journée ce que la France fait en un an. Il est évident que le monopole de près de 500 ans des commissaires-priseurs et la première réforme de 2000 qui a avorté dans des conditions pathétiques, ont contribué à paralyser la maison France. Nous en savons quelque chose à titre personnel, avec nos 16 ans de combats législatifs et dizaine de procédures desquelles nous sommes sortis vainqueur après des années de calendrier judiciaire.

Boursica :
Mais la guerre est désormais terminée entre Artprice et l’ancien monopole ?

Thierry Ehrmann :
Sur le plan économique, la messe est dite et nous avons une autoroute californienne devant nous. Sur le plan du droit, sans être rancunier, nous devons finaliser quelques dossiers où le préjudice économique que nous avons subi doit aboutir à un processus indemnitaire. De même, certaines attaques qui n’ont pas abouti méritent réparations en demandes reconventionnelles. Par ailleurs, nous maintenons avec fermeté, nos poursuites pénales et notre plainte contre des Maisons de ventes françaises pour entente illicite devant l’Autorité de la concurrence avec de nouveaux éléments depuis fin janvier 2012.

Boursica :
Vous visez qui ?

Thierry Ehrmann :
En réalité, un tout petit nombre d’anciens commissaires-priseurs parisiens, essentiellement à Drouot, avec ses scandales judiciaires et mises en examen à répétitions. Concernant l’organisme de régulation, qui est le Conseil des Ventes Volontaires, le communiqué de presse du 6 Janvier 2012 à quelques heures de notre lancement de la Place de Marché Normalisé aux enchères, sans le moindre courrier, ni appel téléphonique préalable, ni la moindre mise en demeure était totalement surréaliste alors qu’il nous connaît très bien, tant par nos auditions, que nos fournitures de données chaque année pour leur rapport annuel sur le marché de l’art. Depuis quand un acte introductif d’instance se matérialise par un communiqué de presse, sans que nous soyons prévenus préalablement par voie judiciaire ?
Pour moi la mission du Conseil des ventes est primordiale, mais dans le strict respect du contradictoire. Les choses étant ce qu’elles sont, une grille de lecture nous fait penser que ce petit noyau dur de commissaires-priseurs proche de Drouot, fous de rage des conséquences de la loi du 20 juillet 2011 et notamment de l’article 5, dont je viens de vous parler, a induit de manière intentionnelle en erreur le Conseil des Ventes Volontaires qui a su ces dernières années avec peu de moyens, oser ouvrir avec courage de vrais débats sur le déclin inexorable du marché français. Il faut savoir que nous avons eu des menaces extrêmement violentes de quelques rares acteurs qui ne supportent pas de voir leurs marges et leur marché s’effondrer. Mon côté perspicace et mes nombreuses heures de vol au compteur me font dire que de telles manifestations de haine et de fureur prouvent que nous avons frappé là où résidait le profit, à savoir entre autres 5% de commission nette sur les œuvres de plus de 15 000 € et 7% de 7 500 à 15 000 €.

Boursica :
Internet a donc dévoré le marché de l’art, entre autres, avec vous ?

Thierry Ehrmann :
Il faut tout relativiser et ne jamais oublier que plus de 4500 sites Internet d’art ont disparu depuis 2000 et que nous avons vécu la quasi-disparition boursière de site d’art sur Internet désormais relégué en OTC sans aucun volume. Pour nous, il est vrai que nous avons démarré Artprice avec moins de 30 millions d’internautes et que nous sommes aujourd’hui à plus de 2,7 milliards d’internautes. Mais le meilleur est à venir. Mais mieux que tout, la déclaration du Président de Christie’s sur les œuvres d’Art et Internet est pour nous une excellente certification.

Boursica :
Il reste encore de la croissance sur Internet ?

Thierry Ehrmann :
Nous n’en sommes qu’à 30 % du cycle de croissance de l’Internet à 15% du processus de dématérialisation de l’ancienne économie. L’Internet mobile colle parfaitement à Artprice, car notre clientèle est par nature nomade et a besoin d’informations dans le feu de l’action, comme les experts, les assureurs, les galeristes, les auctioneers, les douanes et bien sûr les collectionneurs et amateurs en situation d’achat ou de vente en galerie ou en salle des ventes.
L’Internet mobile pour Artprice devrait représenter 80% de nos consultations. Nous en sommes déjà à plus de 30% et cette année, l’ensemble des grands bureaux d’études émet une prévision en nombre de Smartphones vendus un chiffre pour 2012 qui se situe entre 550 et 700 millions de nouveaux internautes mobiles. En 2015, c’est plus de 3,5 milliards d’internautes mobiles que nous pourrons connecter à Artprice.

Boursica :
Qu’entendez-vous par 15% du processus de dématérialisation de l’ancienne économie:

Thierry Ehrmann :
Nous ne sommes qu’au début de la dématérialisation de l’ancienne économie.
Je reprendrais la citation de mon vieux maître Pythagore, le premier des philosophes pour lequel tout est nombre, à l’exception des essences que sont les émotions humaines non quantifiables, indicibles et se jouant des nombres. A ce titre au-delà du nombre d’internautes, pratiquement tous les actes de commerce peuvent être dématérialisés, Artprice avec le Marché de l’Art est un très bon exemple. Vous verrez que l’enjeu majeur dans le monde sera ce binôme: dématérialisation et développement durable. La seule vraie réponse à la crise énergétique, c’est la dématérialisation.

Boursica :
Devant de tels chiffres, comment faites-vous sur le plan technique ?

Thierry Ehrmann :
Nous avons, à travers notre maison mère, le Groupe Serveur, qui est un des tout premiers pionniers de l’Internet depuis 1987 (selon Time Magazine), travaillé dans les années 90, dans le respect des directives Européennes et de la CNIL, sur le concept de Data mining, mais nous sommes maintenant passés au concept de "Big data" avec des unités de stockages qui se mesureront à terme en péta-octet. Ces données sont produites en temps réel, elles arrivent de tous pays en flots continus, sont méta taguées mais de façon hétérogène et proviennent de sources très diverses déstructurées et non prédictives.

Boursica :
Quelle est la différence entre le Big data et le Data mining ? C’est de la même chose dont on parle ?

Thierry Ehrmann :
Non, je vais vous expliquer pourquoi. Le concept de Data mining était de croiser des données à haute valeur ajoutée des banques de données des groupes, pour amener de la data très qualitative. Le concept de Big data, c’est bien évidemment le Data mining en sous-ensemble, mais avec une collecte, toujours dans le respect des règles de protection des données personnelles, de milliards de données (logs) considérées jusqu’alors comme non essentielles, alors qu’en réalité, dès que nous avons pu constater l’effondrement du coût du péta-octet (1000 téraoctets), nous nous sommes aperçus que l’exploitation en Data mining de ces données à priori moins qualitatives et considérées comme négligeables, étaient en vérité d’une richesse peu commune. Nous pouvons désormais comprendre des phénomènes complexes et instantanés et aboutir très vite à des produits et services qui collent littéralement à la demande de nos dizaines de millions de visiteurs gratuits ou payants.

Boursica :
Concrètement, quels types d’applications peuvent sortir du "Big data" ?

Thierry Ehrmann :
Nous avons pu par exemple mesurer, depuis l’ouverture de la Place de Marché Normalisée aux Enchères le 18 janvier 2012, non seulement, le nombre impressionnant de visiteurs qui n’étaient jamais venus sur Artprice, mais nous avons pu comprendre aussi, en examinant ces centaines de millions de logs depuis le 18 janvier 2012, pourquoi ces nouveaux clients ne venaient que maintenant, depuis le lancement des enchères. De même, nous pouvons, comme je l’ai dit en début d’interview, dans cet énorme trafic qui a été multiplié pratiquement par cinq sur la P.M.N., décrypter ces nouveaux clients et prospects qui semblent ne s’intéresser qu’aux enchères mais qui en réalité passent leur temps à zapper entre la Place de Marché Normalisée aux enchères et nos données gratuites et très limitées en valeur, dans nos bases de données payantes sur les cotes, indices et biographies, sans faire un acte d’achat supérieur à 50 €.
Grâce au Big data, nous pourrons produire des abonnements sur mesure qui prennent en compte la présence à 70% de l’Internet mobile chez ces nouveaux clients et prospects et de leur degré d’informations payantes selon leurs profils que nous situons de l’ordre de 36 € /an soit 3 € par mois. Ce qui change tout dans cette analyse c’est que notre cible ne se mesure plus en million d’abonnés, comme c’est le cas actuellement, mais en dizaines de millions de consommateurs d’art sur mobile de type iPhone ou en OS Android de Google

Boursica :
Dans tout cela, où sont les artistes ?

Thierry Ehrmann :
Et bien justement, on s’aperçoit grâce au Big data, malgré notre banque de données de biographies regroupant 1,8 million d’artistes, dont 450 000 cotés aux enchères publiques, qu’il existe près d’un million d’autres artistes, beaucoup moins connus, avec un parcours plus discret, qui sont en réalité fascinés par la possibilité de vendre leurs œuvres sur notre Place de Marché Normalisée aux Enchères, avec leur biographie en ligne, sans rentrer dans le processus économique de la galerie puis de la maison de ventes qu’ils refusent par une philosophie d’indépendance. Ce potentiel est loin d’être négligeable et le prix de leurs œuvres qui est souvent inférieur à 7500 €, nous permet d’appliquer notre fourchette basse de 9% de commission et frais.

Boursica :
Concernant votre réseau social Artprice Insider, où en êtes-vous ?

Thierry Ehrmann :
Ce réseau social construit avec des sociologues et professionnels des réseaux sera le contraire de Facebook, à savoir que les professionnels et membres d’Artprice apparaîtront sous leur vrai nom et Artprice Insider sera couplé à la Place de Marché Normalisée à prix fixe et aux enchères. Les premiers tests donnent d’excellentes remontées et les échanges sont tous qualitatifs a contrario de certains réseaux sociaux où l’inutile est omniprésent. Cela fait 18 mois qu’on le peaufine car c’est une véritable bombe dans le monde feutré du marché de l’art dans lequel notre droit à l’erreur doit être proche de zéro.

Boursica :
Ce réseau serait donc réservé aux initiés du marché de l’art ?

Thierry Ehrmann :
Non, pas tout à fait. Je dirais plus que ce réseau s’apparenterait à un Think tank ou à une Brain box. La puissance d’Artprice Insider doit être d’émettre des idées originales, d’avoir un réservoir d’experts, d’être un lieu d’expertise, d’éclairer le débat autour du marché de l’art et faire émerger de nouveaux concepts. Tout, absolument tout est à réinventer dans le marché de l’art qui a été totalement endormi jusqu’à l’arrivée d’Internet. Petit scoop, après leurs accords positifs, nous pouvons annoncer qu’il y aura en live des intervenants qui font partie du Top 100 des Market Makers du marché de l’art.

Boursica :
Avec tout ce programme, comment trouvez-vous le temps de préparer une rétrospective de vos 30 ans de sculpteur plasticien pour juin 2012 à la Demeure du Chaos, qui est le siège social d’Artprice mais aussi un musée d’art contemporain ?

Thierry Ehrmann :
En effet, cela fait 18 mois que je prépare mes 30 ans de sculpteur-plasticien que je fêterai en juin 2012. Pour cet événement important, j’ai réalisé depuis 18 mois, 450 sculptures d’acier brut qui sont une invitation aux visiteurs à réaliser le parcours plein air et découvrir les 3609 œuvres formant le Corpus de la Demeure du Chaos, appelé aussi Abode of Chaos, dixit "The New York Times".
Il aura fallu plus de 900 tonnes d’acier brut, des maîtres forgerons et des lasers de haute précision, pour arriver à créer ce qui sera, au niveau Européen, la plus grande installation statuaire. Une fois de plus, cette démarche plasticienne me permet de décrypter avec une grande sensibilité les artistes et les acteurs du marché de l’art. On ne peut pas réaliser Artprice sans être totalement immergé dans le champ de l’art. Pour l’anecdote, il y a un nombre important d’actionnaires et/ou clients dans nos 120 000 visiteurs/an, je peux donc le week-end bénéficier de discussions et d’échanges très pertinents pour Artprice hors le contexte du travail. Avec une pointe d’humour, je peux donc dire que je fais la semaine de 63 heures. Ceci dit, ce choix que j’accepte avec lucidité, peut expliquer bien des choses que certains ne saisissent pas vraiment.

Boursica :
Que dire de votre cours de bourse de 2011 ? Et qu’attendez-vous de 2012 ?

Thierry Ehrmann :
Il me semble que peu de dirigeants de sociétés cotées en Europe ont pu pressentir l’évolution de leur cours comme nous en 2011. Artprice a eu le meilleur parcours de tout le marché réglementé, avec +472% de progression sur l’année 2011 et un volume traité de 873 millions € du 1er janvier 2011 au 31 décembre 2011, avec le passage mythique à 67€ que j’avais prédit, suite au célèbre dicton boursier "cours vu, cours revu". Sur 1 an en moyenne mobile, nous sommes à +476% et 1,25 milliards € traités sur le titre. Cette année, avec le compartiment B de Eurolist et notre passage au SRD Long Only il y quelques jours, et bien sûr les enchères, j’ai le pressentiment que l’on peut espérer, avec toutes les précautions d’usage, notamment par des événements exogènes à Artprice, un cours se consolidant autour de 90€.

Boursica :
Vous avez parlé récemment de fonds qui s’intéressent à Artprice, peut-on en savoir plus?

Thierry Ehrmann :
Sans rentrer dans le principe de confidentialité entre les parties, notre passage au SRD Long Only fait que de nombreux fonds qui statutairement n’ont le droit de prendre que des positions sur les sociétés françaises au SRD peuvent donc prendre désormais des lignes sur Artprice. Ils ont une approche très différente des français et utilisent la méthode des comparables avec entre autre Sotheby’s qui est la seule Maison de ventes cotée dans le monde, car ils arrivent en 2012 avec une vision d’Artprice comme acteur principal du marché de l’Art sur Internet par notre Place de Marché Normalisée aux enchères ou à prix fixe, et de ce fait, valorisent différemment Artprice car ils considèrent que notre cours ne représente absolument pas la vraie valeur d’Artprice.

Boursica :
Pouvez-vous être plus précis ?

Thierry Ehrmann :
Nous vous avons donné dans la première interview de juin 2011 les éléments de calcul avec des exemples précis des méthodes de valorisations vielles de plus de 120 ans (N.B. la valeur d’une Maison de Ventes dans le monde, c’est principalement 80 % le fichier client, entre 800 et 4000 dollars par client et 20 % pour la marque de la Maison de Ventes si cette dernière est notoirement connue. Pour bien comprendre la différence entre un poste client estimé à 800 dollars et l’autre à 4000 dollars, c’est à partir des strates d’informations détenues sur le client final que l’on calcule le prix). Donc pour les équipes d’Artprice, moi-même et nos actionnaires c’est la quasi certitude d’être au début d’une nouvelle histoire. Je dirais que nous sommes comme une société qui s’apprêterait à réaliser une I.P.O. au Nasdaq avec en prime, la maturité que nous avons déjà avec 11 ans de parcours sans faute, au marché réglementé. C’est très excitant et terriblement motivant.

Boursica :
Et vos accords sur l’Asie, où en sont-ils ?

Thierry Ehrmann :
Au mois de mars 2012, nous démarrons en Chine une longue marche sur les principales maisons de ventes Chinoises avec près de 40 rendez-vous, avec lesquelles nous partageons beaucoup d’affinités, notamment sur la dématérialisation du marché de l’art, et elles pensent comme nous, que la notion de salles de ventes physiques est inappropriée en 2012 face à l’Internet et notamment notre Place de Marché Normalisée aux Enchères qui aura sa propre assise à Hong Kong, dans nos futurs bureaux.
L’Asie, que je connais bien depuis 20 ans, obéit à des rythmes très différents de nous autres occidentaux. Il faut un temps énorme pour acquérir la confiance de votre futur partenaire. La parole donnée prime sur le droit des contrats. En revanche, la mise en place d’un business se fait à une vitesse fulgurante qui panique généralement les occidentaux. Je pense qu’Artprice est très bien positionnée en Asie où nous sommes considérés comme avant-gardistes, très loin devant les vieilles maisons anglo-saxonnes considérées par les Asiatiques comme parfois dépassées par les événements.

Boursica :
Puisque vous parlez des vieilles maisons anglo-saxonnes, quels sont vos rapports avec elles actuellement et surtout depuis le 18 janvier 2012 ?

Thierry Ehrmann :
Le rapport de force qui s’était établi en 2005 avec la Place de Marché Normalisé à prix fixe a considérablement évolué. Il semble que les deux économies ont chacune effectuée une réflexion en profondeur sur leur avenir. Il est vrai que les confrontations entre l’ancienne économie et l’économie du numérique sur d’autres secteurs que le marché de l’art ont fait avancer le débat. Une fois de plus la Messe est dite avec près de trois milliards d’internautes face aux 50 millions de 1999, d’où ma théorie du changement de paradigme économique.

Boursica :
Pouvez-vous développer plus précisément le contenu de ce débat ?

Thierry Ehrmann :
L’ancienne économie a enfin compris qu’être depuis 25 ans sur Internet, comme Groupe Serveur, qui contrôle Artprice et dont je suis le fondateur, est un espace temps, non seulement incompressible mais très onéreux à acquérir, notamment par la culture de l’Internet qui est très sophistiquée. Sur le secteur du marché de l’art, une anecdote est très révélatrice, avec des recommandations à New-York, dues aux manifestations du « Occupy Wall Street ». Il est recommandé aux gens aisés d’éviter un certain nombre de lieux et notamment les salles des ventes. Ceci dit, les grandes maisons sont en train de liquider peu à peu leurs immobiliers ou résilier de manière anticipée leurs baux. Ils découvrent que l’informatique en réseau sécurisé Intranet, le Data mining, le marketing comportemental, l’indexation, les bases de données normalisant le marché de l’art, sont une industrie lourde, avec des barrières d’entrées financières et technologiques très élevées et parfois, comme cela est notre cas, des protections au titre de la propriété intellectuelle qui leur interdisent tout simplement d’utiliser hors contrat, la réalisation de Places de Marché Normalisées ® sur le marché de l’art dont Artprice possède les différents droits d’auteur tels que entre autres le Droit sui generis.

Boursica :
Et alors, que doit-on conclure ?

Thierry Ehrmann :
La première conclusion est que la partie adverse a pris conscience de la valeur des actifs corporels et incorporels qui constituent une des grandes richesses d’Artprice. Le point numéro deux, est que les grandes maisons ont toutes investi sur Internet, avec généralement, deux à trois plans d’investissements, des sommes se chiffrant systématiquement en centaines de millions de dollars et dont le résultat est insatisfaisant et parfois se révèle catastrophique. Le point numéro trois passe par la reconnaissance d’un acteur historique comme Artprice et la capacité d’imaginer pour la première fois un véritable partage du marché de l’Art.

Boursica :
Comment se partagerait ce marché de l’Art ?

Thierry Ehrmann :
De manière très simple, tout le segment des œuvres inférieures à 15 000 € leur est étranger, et pourtant il pèse un volume colossal sur le marché de l’art (81%). Entre
15 000 et 50 000 €, ils ne sont pas vraiment compétitifs en termes de prix. Se pose alors la question des œuvres de plus de 50 000 € et bien sûr celle des œuvres millionnaires sur lesquelles se greffent alors un service et une prestation parfois sur mesure pour l’acheteur comme pour le vendeur. Très vite, ces vielles maisons font leurs calculs et voient que leurs avantages marketing et leur ancienneté ne suffisent pas à équilibrer leur économie en se projetant sur les cinq prochaines années. Il leur reste alors une démarche pragmatique en se rapprochant de nous.
Pour autant, nous respectons leur démarche mais nous ne pouvons par faire autrement que de nous référer à nos partenaires asiatiques qui ont depuis longtemps anticipé la situation et n’ont donc plus de problème à résoudre. Il est tout à fait possible que nous arrivions, néanmoins, à trouver des terrains d’entente car une jeune génération de cadres supérieurs à la tête de ces vieilles maisons ne s’embarrassent pas des fantômes du passé et passent à l’acte.
L’année 2012 sera certainement pour nos actionnaires accompagnée d’heureuses nouvelles, parfois surprenantes.

Boursica :
Peut-on en savoir plus ?

Thierry Ehrmann :
Sans trahir le secret des affaires, nous avons des acteurs majeurs qui, avec beaucoup de maturité, ont décidé de nous adopter progressivement en marque blanche ou en marque grise. Il est évident que dans ces cadres, le transfert de chiffre d’affaires de sociétés traditionnelles qui opèrent aux enchères d’art depuis de nombreuses années, en utilisant notre Place de Marché Normalisée aux Enchères pour leur propre compte, est susceptible d’impacter le cours de manière non négligeable.
Actuellement nous vivons de manière régulière, ce type de scénario: le départ d’un directeur général à la retraite d’une très grande Maison de ventes internationale et l’arrivé d’un nouveau D.G. de 35 ans qui immédiatement après avoir fait son audit, se rapproche de nous avec un vrai désir de faire du big business, alors que son prédécesseur par son âge proche de la retraite, considérait Artprice dans le meilleur des cas comme un Ovni dans le monde de l’Art sans aller plus loin. Une fois de plus, la patience est une des conditions essentielles de la réussite d’Artprice depuis sa création.

Boursica :
Dans ce cadre, quel est votre statut ?

Thierry Ehrmann :
Dans ces cas-là, nous opérons comme une SSII et un centre Serveur où nous facturons des frais récurrents d’hébergements et d’utilisation de nos logiciels et bases de données propriétaires.

Boursica :
Un dernier mot enfin. Vous nous avez, dans notre première interview, déclaré qu’Artprice était à 10% de son histoire, puis, dans la deuxième interview, vous pensiez plutôt n’être qu’à 5%. On est à combien aujourd’hui ?

Thierry Ehrmann :
Nous sommes toujours à 5% du développement d’Artprice mais la grande différence, c’est que ces 5% qui étaient une intuition en 2011, sont désormais confortés par des faits et des chiffres, ce qui change tout pour nos actionnaires et nous-mêmes …

© 2002-2012 Boursica.com tous droits réservés

Les précédentes interviews exclusives de Thierry Ehrmann :
http://serveur.serveur.com/Press_Release/2011-interview-thierry-ehrmann.html

Artprice est le leader mondial des banques de données sur la cotation et les indices de l’Art avec plus de 27 millions d’indices et résultats de ventes couvrant 450 000 Artistes. Artprice Images(R) permet un accès illimité au plus grand fonds du Marché de l’Art au monde, bibliothèque constituée de 108 millions d’images ou gravures d’oeuvres d’Art de 1700 à nos jours commentées par ses historiens. Artprice enrichit en permanence ses banques de données en provenance de 4 500 Maisons de ventes et publie en continu les tendances du Marché de l’Art pour les principales agences et 6300 titres de presse dans le monde. Artprice diffuse auprès de ses 1 400 000 membres (member log in), ses annonces, qui constituent désormais la première Place de Marché Normalisée(R) mondiale pour acheter et vendre des oeuvres d’Art à prix fixes ou aux enchères (réglementée par les alinéas 2 et 3 de l’article L 321.3 du code du commerce). (source Artprice).

Artprice est cotée sur Eurolist by Euronext Paris au compartiment B, SRD long only : Euroclear : 7478 – Bloomberg : PRC – Reuters
: ARTF

Découvrir l’alchimie et l’univers d’Artprice http://web.artprice.com/video/ dont le siège social est le célèbre Musée d’art contemporain Abode of Chaos.

Sommaire des communiqués d’Artprice :
http://serveur.serveur.com/press_release/pressreleasefr.htm

Suivre en temps réel toute l’actualité du Marché de l’art avec Artprice sur Twitter :
http://twitter.com/artpricedotcom/

Artprice’s annual art market report 2011. Art sales at their best.

2012/02/27 Commentaires fermés

Paris, February 27 , 2012

Artprice’s annual art market report 2011. Art sales at their best.
While old economies are struggling, growth is accelerating in the BRICS countries. The five BRICS – Brazil, Russia, India, China and South Africa- have been enjoying much stronger economic expansion than the developed countries and China’s growth in particular has profoundly modified the geographical structure of the global art market according to thierry Ehrmann, the founder and CEO of Artprice, the world leader in art market information. Moreover, in Singapore, Beijing and Hong Kong, politicians are aware of the enormous economic potential of art for their state or their city, and their governments strongly support major cultural events including Contemporary Art fairs. In addition to the 49% growth in auction revenue from artworks in China, a number of other Asian countries have also posted particularly dynamic growth, such as Singapore (+22%) and Indonesia (+39%).

This growth has been driven by the emergence of new and very wealthy collectors and a growing number of art investment funds. As a result, the Asian art market has become the most high-end area of the entire globe. For example, 12.1% of works sold in Asia sell for between $100,000 and $1m, versus 2.2% for the rest of the world. China, Asia’s leading economic power and world leader for sales of artworks, has surprised everyone not just by its acquisitive capacity but also by its independence. It accounts for the highest auction results (with 774 auction results above $1 million recorded in 2011 compared with 426 in the USA and 377 in the UK), mostly generated at auctions in Beijing and Hong Kong. Even if China were deprived of the strong Hong Kong sales of Christie’s and Sotheby’s, it would easily remain the first global marketplace!

In 2011, the global art auction market generated 21% more than in 2010 and there is not a single segment of the art market that did not progress in terms of turnover. Compared with 2010, Modern art added $1.2B, Post-war art added $372m, Contemporary art added $291m, Old Masters added $124 million and 19th century art posted an increase of $43 million. In addition, bulimic buying has not left any medium on the side-lines. 2011 saw the sale of more paintings, sculptures, photographs, drawings and even prints than 2010. Indeed, driven by the rocketing prices of the Chinese Old and Modern masters, drawing has really come into its own, with its annual revenue up by $1.318 billion over the year.

This year, Artprice’s annual art market report – based on 6.3 million auction results from 4,500 auction houses around the world and distributed to over 6,300 media organisations and international institutions every year in 6 languages – will focus particularly on China’s successful conquest of the global art market. Our 2011 Art Market Trends contain macro- and micro-economic analyses providing the keys to understanding the annual evolution of the global auction market. It discusses the major trends in the market, analysed throughout the year on the ArtMarketInsight page of our website, by the Artprice press agency and by our Econometrics Department. To complement this objective appreciation of the art market based on a year of global auction results, Artprice also offers numerous original rankings such as the Top 500 artists by auction revenue and the Top 100 auction results of the year.

Download the complete PDF format document (Free download)

http://imgpublic.artprice.com/pdf/trends2011_en.pdf

  • Edito
  • A high-end market unaffected by the crisis
  • New record year
  • The powers at work
  • Modern art: the core of the market in 2011
  • The best of the Old Masters
    Contemporary art
  • Structural mutation: the art market in the Internet age
  • Top 10 Artists
  • 11 figures for 2011
  • Powerful art market columnists comment the year
  • 2011 from the AMCI’s viewpoint
  • 2011 in 140 characters – the year as seen by @artpricedotcom
  • Top 100 auction results in 2011
  • Top 500 artists by auction revenue in 2011

Source: http://www.artprice.com (c)1987-2012 thierry Ehrmann

Artprice is the global leader in databank on Artprices and indices with more than 27 million indices and auction results covering 450,000 artists. Artprice Images® offers unlimited access to the largest
Art Market resource in the world, a library of 108 million images or engravings of
artworks from 1700 to the present day along with comments by Artprice’s art historians. Artprice permanently enriches its databanks with information
from 4,500 international auction houses and auctioneers and publishes a constant flow of art market trends for the
main news agencies and 6,300 international written media. For its 1.3 million members (member log in), Artprice posts standardized adverts in what is today the world’s leading Standardised Marketplace® for buying and selling
works of art by private contract or at auctions -regulated by French law alinéas 2 et 3 de l’article L 321.3 du code du commerce- (source Artprice).

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video/, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos

Artprice is listed on Eurolist B by Euronext Paris (SRD long only): Euroclear: 7478 – Bloomberg: PRC – Reuters:
ARTF

Artprice releases: http://serveur.serveur.com/press_release/pressreleaseen.htm

Follow all of the art market’s news with Artprice on Twitter:
http://twitter.com/artpricedotcom/

Artprice : le rapport annuel du Marché de l’Art 2011. L’art ne s’est jamais si bien vendu.

2012/02/27 Commentaires fermés

Paris, le 27 février 2012

Artprice : le rapport annuel du Marché de l’Art 2011. L’art ne s’est jamais si bien vendu.
Tandis que les vieilles économies souffrent, la croissance s’accélère du côté des BRICS. Les cinq membres des BRICS, Brésil, Russie, Inde, Chine et Afrique du Sud, ont bénéficié d’une croissance beaucoup plus forte que les pays développés et le formidable assaut chinois a profondément modifié la structure géographique du marché de l’art selon thierry Ehrmann, PDG et fondateur d’Artprice, leader mondial de l’information sur le marché de l’Art. De plus, à Singapour, Pékin et Hong Kong, les politiques ont conscience de l’énorme potentiel économique que représente l’art pour leur état ou pour leur ville et les gouvernements soutiennent fermement les grands évènements culturels, dont les salons d’art contemporain. Outre la croissance de 49 % du volume d’affaires pour la vente aux enchères d’œuvres d’art en Chine, d’autres pays asiatiques sont particulièrement dynamiques : c’est le cas de Singapour (+22 %) ou de l’Indonésie (+39 %) par exemple.

Cette croissance est portée par l’émergence de nouveaux collectionneurs richissimes et d’un nombre grandissant de fonds d’investissements en art. De fait, le marché asiatique est devenu le plus haut de gamme du monde. Par exemple, 12,1 % des œuvres vendues en Asie le sont entre 100 000 $ et 1 m$, contre 2,2 % dans le reste du monde dans cette gamme de prix. La Chine, première puissance asiatique et première puissance au monde pour la vente d’œuvres d’art est étonnante tant par sa force de frappe que par son indépendance. C’est là que les plus grosses enchères sont signées (avec 774 enchères millionnaires enregistrées en 2011 en Chine contre 426 aux États-Unis ou 377 au Royaume-Uni), la plupart du temps dans des salles de ventes pékinoises ou hongkongaises. Même si la Chine se trouvait privée du dynamisme des ventes hongkongaises de Christie’s et Sotheby’s, elle demeurerait la première place de marché mondiale sans vaciller !

A l’issue de l’année 2011, la vente d’œuvres d’art a rapporté 21 % de plus qu’en 2010 à l’échelle mondiale et il n’est pas un secteur de la création qui ne progresse pas en terme de chiffre d’affaires. Par rapport à 2010, l’art moderne gagne 1,2 M$, l’art d’après-guerre 372 m$, l’art contemporain 291 m$, l’art ancien 124 m$ et les créations du XIXème siècle rapportent 43 m$ supplémentaires. De plus, la boulimie d’achat n’a relégué aucun médium à l’arrière-plan. Il s’est vendu plus de peintures, de sculptures, de photographies, de dessins et même d’estampes qu’en 2010. Porté par la cote explosive des maîtres anciens et modernes chinois, le dessin a d’ailleurs véritablement trouvé ses lettres de noblesse, avec un produit de ventes annuel en hausse de 1,318 M$ sur l’année.

Artprice publie en 6 langues son rapport exclusif du marché de l’art repris par plus de 6 300 médias et institutions internationaux chaque année. Réalisé à partir des 6,3 millions de résultats d’enchères de 4 500 maisons de ventes, le rapport annuel "Tendances du Marché de l’art 2011" est constitué de XX pages d’analyses macro-économiques et micro-économiques mises à jour au fil de l’actualité des ventes et des évolutions des prix des oeuvres d’art. Ce rapport édité par ArtMarketInsight, l’agence de presse d’Artprice, avec le département d’Econométrie d’Artprice contient aussi des classements originaux tels que le TOP 500 des artistes par chiffre d’affaires, la liste des 100 plus fortes enchères de l’année.

Télécharger l’intégralité du document au format PDF (Téléchargement gratuit)

http://imgpublic.artprice.com/pdf/trends2011_fr.pdf

  • Edito
  • Un marché haut de gamme hermétique à la crise
  • Nouvelle année record
  • Les forces en puissance
  • L’art moderne : pivot du marché
  • Le meilleur de l’art ancien
  • Art contemporain
  • Mutation structurelle : le marché à l’heure d’Internet
  • Top 10 Artistes
  • 11 chiffres pour 2011
  • Les grandes plumes mondiales du marché de l’art
  • L’année de l’Art Market Confidence Index
  • 2011 en 140 Caractères – l’année vu part @artpricedotcom
  • Le Top 10 des artistes
  • Le Top 100 des enchères 2011
  • Le Top 500 des artistes par chiffre d’affaires en 2011

Source: http://www.artprice.com ©1987-2012 thierry Ehrmann

Artprice est le leader mondial des banques de données sur la cotation et les indices de l’Art avec plus de 27 millions d’indices et résultats de ventes couvrant 450 000 Artistes. Artprice Images(R) permet un accès illimité au plus grand fonds du Marché de l’Art au monde, bibliothèque constituée de 108 millions d’images ou gravures d’œuvres d’Art de 1700 à nos jours commentées par ses historiens. Artprice enrichit en permanence ses banques de données en provenance de 4 500 Maisons de ventes et publie en continu les tendances du Marché de l’Art pour les principales agences et 6 300 titres de presse dans le monde. Artprice diffuse auprès de ses 1 300 000 membres (member log in), ses annonces, qui constituent désormais la première Place de Marché Normalisée® mondiale pour acheter et vendre des oeuvres d’Art à prix fixes ou aux enchères (réglementée par les alinéas 2 et 3 de l’article L 321.3 du code du commerce). Source Artprice

Artprice est cotée sur Eurolist by Euronext Paris au compartiment B, SRD long only : Euroclear : 7478 – Bloomberg : PRC – Reuters : ARTF

Découvrir l’alchimie et l’univers d’Artprice http://web.artprice.com/video/ dont le siège social est le célèbre Musée d’art contemporain Abode of Chaos.

Sommaire des communiqués d’Artprice :
http://serveur.serveur.com/press_release/pressreleasefr.htm

Suivez en temps réel toute l’actualité du marché de l’art :
Artprice.com sur Twitter : http://twitter.com/artpricedotcom/

Artprice refutes any emergency injunction from France’s auction market supervisor, the Conseil des Ventes Volontaires (CVV)

2012/01/11 Commentaires fermés

Artprice refutes any emergency injunction from France’s auction market supervisor, the Conseil des Ventes Volontaires (CVV)

Contrary to the CVV’s press release dated 6 January 2012 informing journalists that it was seeking an emergency injunction against Artprice, the company Artprice wishes to declare that no such procedure has been launched. To this day, Artprice has not received notification of any legal proceedings whatsoever regarding the forthcoming launch of its online brokerage service.

In fact, Artprice wishes to formally denounce the various erroneous interpretations that have resulted from that press release. As indicated by Artprice within hours of the CVV’s press release, courteous exchanges have taken place between Artprice and the CVV in the form of official letters. Artprice confirms that the contents of its response to the CVV’s press release of 6 January 2012 correspond perfectly to the calm and constructive discussions it has been engaged in with the CVV in recent days, and Artprice officially confirms the opening of its new online auction brokerage service conducted remotely via Internet (as described in paragraphs 2 and 3 of Article L321-3 of the French Code of Commerce) on 18 January 2012.

In the framework of its regulatory disclosures and in order to eliminate any misunderstanding, Artprice is re-posting (below) the press release it officially communicated on 6 January 2012, every point of which Artprice reiterates and confirms:

Artprice’s reply to the Conseil des Ventes Volontaires (French auction market supervisor)

Artprice discovered, first via the media and then via an email received from the Conseil des Ventes Volontaires, the latter’s request that Artprice should clearly and unequivocally indicate to the public its quality as an electronic auction broker « d’opérateur de courtage aux enchères réalisées à distance par voie électronique (in accordance with Article 5 of French Law no. 2011-850 of 20 July 2011) ». Considering our long, constructive and peaceful relations with the French auction market supervisory authority (Conseil des Ventes Volontaires), we believe that its reaction to the forthcoming launch of our online auction brokerage activity (18 January) is based on a misunderstanding that will be cleared up once it has examined our documentation and particularly the preventative measures we have taken to avoid confusion in this respect.

In the first instance, Artprice invites the financial markets, its shareholders, its1.3 million members and of course the Conseil des Ventes Volontaires to consult the financial documentation and press releases that Artprice has submitted to Actusnews, a special financial information website certified by the AMF (French Financial Markets Authority), and particularly the press release dated 1 January 2012 in which Artprice states in the very first line, without any shadow of ambiguity, that its new online activity is indeed an online auction brokerage activity (« opérateur de courtage aux enchères réalisées à distance par voie électronique in accordance with Article 5 of French Law no. 2011-850 of 20 July 2011”).

In fact, in order to avoid any confusion between the different legal statuses and activities covered by Law no. 2011-850 of 20 July 2011, Artprice has commissioned a court-appointed attorney to take all necessary steps to highlight the precautionary measures taken by Artprice via its regulated disclosures, the presentation on its website of its new activity, the General Conditions of Use published thereon and various other communication media, in order to avoid any confusion between Artprice’s activity (auction brokerage) and that of public auction sales.

Moreover, Artprice has taken the precautionary measure of translating into all the languages used by its website the key information concerning its new service and it has deliberately avoided translating the references to its legal status under Article 5 of the Law no. 2011-850 of 20 July 2011 precisely in order to avoid any confusion or misinterpretation that could arise from an inappropriate translation of Artprice’s status under Article 5 of French Law no. 2011-850 of 20 July 2011 vis-à-vis the other legal statuses that govern public auction sales.

In conclusion, Thierry Ehrmann, CEO and founder of Artprice, declares that he is perfectly satisfied with the measures taken by Artprice and that Artprice will commence its online auction brokerage activity (opérateur de courtage aux enchères réalisées à distance par voie électronique) on 18 January 2012 in accordance with Article 5 of French Law no. 2011-850 of 20 July 2011) and that the public will be able, as of Monday 9 January, to preview several thousand items advertised for sale at a broad range of prices, ranging from collectibles to museum-quality artworks. In total, Artprice has received ads representing roughly 700 million dollars in starting prices. As regards any legal discussions with the Tribunal de Grande Instance de Paris (Paris District Court), Artprice and its CEO believes that its will provide, through its lawyers Emmanuel Pierrat and Thierry Dumoulin, all the necessary elements to satisfy the parties concerned and to resolve the problem by eliminating any possible form of ambiguity.

It is clear that after nearly 500 years of monopolistic functioning, the auction market’s ambitious reform of 20 July 2011 (imposed by the European Directive Services) is bound to unsettle certain players in the market who are unaccustomed to free competitions environments.

Artprice cannot avoid the observation that having posted the best performance on the regulated French stock market (+ 472% since 1 January 2011) with a total volume of shares worth 873 million euros and a sliding annual progression of no less than 593% and 144 million euros of shares traded since 1 January 2012, it is naturally an object of envy and an attractive acquisition target for the historical players in the auction market who for reasons of conservatism have missed the train of History and of the Internet.

Source: http://www.artprice.com (c)1987-2012 thierry Ehrmann

Artprice is the global leader in databank on Art prices and indices with more than 27 million indices and auction results covering 450,000 Artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world, a library of 108 million images or engravings of artworks from 1700 to the present day along with comments by Artprice’s art historians. Artprice permanently enriches its databanks with information from 3,600 auctioneers and publishes a constant flow of art market trends for the main news agencies and 6,300 international written media. For its 1.3 million members (member log in), Artprice posts standardized adverts in what is today the world’s leading Standardised Marketplace® for buying and selling works of Art (source Artprice).

Artprice is listed on Eurolist by Euronext Paris: Euroclear: 7478 – Bloomberg : PRC – Reuters: ARTF

List of Artprice press releases:
http://serveur.serveur.com/press_release/pressreleaseen.htm

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Contact: email: ir@artprice.com