In 2014 the top two hammer prices were yielded by a statue by Giacometti and a head by Modigliani last year, the sale of Jeff Koons‘ gigantic Balloon Dog had made him the most expensive living artist. We can rightly wonder whether sculpture is slowly gaining ground to overtake painting as the leading category. As the year is coming to an end, Artprice.com analyzes the importance of scultpure in public auctions
The number of sculptures that made it into the all-time Top 100 auction records, which include the aforementioned artworks and Henri Matisse‘s « Nu de dos, 4 état (Black IV) » that sold for US$43.5 million at Christie’s New York, NY, on 3 November 2010
The share of sculptures in the 2014 Fine Art auction revenue. Although two points up from 2013, this number remains low compared with paintings, which still make up 61 % of auction houses’ revenues.
The average price for a sculpture on the secondary market in 2014, which falls short of the average price for a painting that stands at around US$61,000.