Art Market : The Week in Numbers

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The Asian fine art market, dominated by China, is still very much about traditional painting and calligraphy. However, with the emergence of contemporary art, other forms of art arise on this market, although it remains profoundly different from the Western one. Two weeks before Art Stage Singapore opens its doors, Artprice.com comments on a few noteworthy figures to get ready for the art fair.

Data Artprice.

 98%   

The combined market shares of drawing and painting at auctions in 2014 in Asia. Traditional art, and especially ink on paper, continues to meet the greatest demand. The remaining 2% are largely divided between sculpture and prints.

US$2.7 million

The highest hammer price for a sculpture in Asia in the last 12 months. « Artificial Rock No59« , by contemporary artist Zhan Wang (1962), sold at Christie’s Hong Kong on 24 May 2014. The second best result for a 3D artwork goes to Jeff Koons with « Mound of flowers« , hammered US$1.9 million.

US$7,380

The average hammer price for a photograph auctioned in an Asian country in 2014. This medium only weighs 0.12% in the fine art auction market on this continent.

23

The number of audiovisual artworks sold at public auctions in Asia last year.

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