PARIS, February 6 / PRNewswire / – Our 23rd Annual Art Market Report presents a global analysis of public auctions in the visual arts – paintings, sculptures, drawings, photographs, prints and installations – from January 1 to December 31, 2020.
What was foretold for a period of time as an “empty year” for the art market turned out to be much more positive than expected. The cancellation of trade fairs, exhibitions and all sales in March 2020 sparked fears that the art business might come to a complete halt. But unlike museums that have been hit with full force by the effects of the Govt regulations, auction houses have found ways to quickly discover their core activities thanks to the dematerialization of digital technology: compared to 2019, they maintained a whopping 79% of sales, up from 91% in the previous year.
Art Price’s Art Market Hope Table 2020
AMCI: Art Market Trust Index
Our 2020 Annual Report on the Art Market is available for free, in full, online and in PDF format in three languages:
Thierry Ehrmann, CEO and Founder of ArtMarket.com and ArtPrice, is pleased to announce the free release of the 23rd Annual Report on the Art Market (2020):
“The epidemiological market experts who have invaded the world have been forced to expedite the process of digitalization that they have so long postponed. Contrary to tactics, Art Price never stopped innovating and preparing the ground for an inevitable future.
That’s why our team – despite the situation – enthusiastically supported all the major players in the art market in the historical challenge of creating stubbornness for three decades in just a few months (sometimes even a few weeks). “
Art Market 2.0
The art market has introduced a new economic model and has reached a new equilibrium that most optimistic forecasts for 2025 do not anticipate. With contemporary lifestyles and collective forms – that is, he is now the best for 21st century work.
Art Price and its editorial partner Artron are pleased to present a global analysis of this paradigm with this 23rd Annual Report, focusing on the following questions:
* How did the epidemic affect the art market?
* How has digital technology affected the market, and what will tomorrow’s market look like?
* Why was the Chinese market so good?
* How did the collectors respond?
* What kind of works are most preferred?
* Which artists achieved despite the crisis?
* We had socio-cultural upheavals – from #MeToo to Black Lives
Subject – Does it affect the art market?
The prestigious Art Prize ranking of the 500 most beloved artists in the world and the monthly breakdown of art market highlights by 2020 faced unprecedented challenges of the health crisis.
The report underscores China’s position today as America’s most intense competitor in the global art market. The Chinese art market has its own codes, but for that reason it is very interesting and ensures a particularly substantial and attractive editorial partnership between Art Price and Artron.
Top 10 list of countries by auction turnover in visual arts (change from
1. China (Artron): $ 4.163.871.200
2. United States: 80 2,804,272,300
3. United Kingdom: $ 1,552,937,500
4. France: $ 578,347,600
5. Germany: 8 298,834,000
6. Italy: 2 142,404,000
7. Switzerland: $ 110,967,500
8. Japan: $ 95,366,400
9. Austria: $ 91,117,515
10. Poland: $ 89,672,059
Geographical breakdown of auctions in the visual arts by 2020
Looking at our other key market figures, the Art Price 100 © comparison index has increased by 405% since January 1, 2000. By 2020, this blue-chip artist index saw a 1.8% increase.
Contemporary art is the machine of the art market in both the West and Asia – even in times of epidemics.
In short, despite a global tragedy unique to modern economic and social history, it can be said that the art market was largely accepted thanks to digital technology and at the time of its recording. This limited the sales drop in the market to -21%, which is an excellent performance for itself and the circumstances.
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Artmarket and its Art Price department were founded in 1997 by its Managing Director, Thierry Ehrman. The ArtMarket and its Art Price division are controlled by a group of clients (established in 1987).
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Global player in the artmarket art market; Art Prize, the world leader in collecting, managing and exploiting historical and contemporary information about the art market, is in other structures in databases with more than 30 million codes and bid results for more than 770,000 artists.
Art Prize Images provides access to the world’s largest image database. It contains less than 180 million digital images and photographs or engraved reproductions of works of art from the 1700s to the present, which have been commented on by our historians.
ArtMarket, through its Art Price department, constantly collects data from 6300 auction houses and generates important market information for major press and media companies (7200 publications). Its 4.5 million “Certified Members” have access to ads placed on the Internet by other members and access to a network (Global Standardize Marketplace ®) that is now the world’s leading, standardized marketplace. Art (fixed price or bidder price); The auction is subject to paragraphs 2 and 3 of Article L321.3 of the French Code of Trade.
ArtMarket (and its Art Price Department) was awarded the “Innovative Company” rating for the second time in November 2018 for the second time in 3 years by the French Bank Public Investment (PPI); BPI supports the company and its program to strengthen its position as a global player in the art market.
Artwork’s 2020 Annual Report on the Global Art Market, March 2021:
Table of newsletters published on the Internet by Artmarket and its Art Price Department:
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