Art Market : Looking Forward to the Past, auction results ! By Artprice

Art Market : Looking Forward to the Past, the results ! By Artprice

 All of Artprice’s econometrics department’s forecasts and statistics -published in its press releases prior to the auction- have been confirmed by the results of yesterday evening’s historic auction, which just goes to show that the Art Market is efficient, regulated and that it now goes by the economic rules of the museum industry (see below the 9 analysis and results), according to thierry Ehrmann, founder and president of Artprice, and CEO of Artprice Inc.

1. On 11 May 2015, Christie’s put up for auction five masterpieces, spanning over a century of Art History, from Monet and the Impressionnists to the most contemporary painters.

2. Looking Forward to the Past set a new record for a Fine Art piece sold at auctions and points to a new type of sale.

3. Peter Doig‘s Swamped (1990) sold for close to $26 million (buyer’s premium included). The painting had already been auctioned in 2002 – it had sold for $55,500.

4. Pablo Picasso‘s Les femmes d’Alger (Version ‘O’) set a new record with the historic $160 million ($179,365,000, buyer’s premium included) – the previous record had been set by Francis Bacon tryptich at $123 million.

5. Only one sculpture by Amercian artist Alexander Calder did not find a buyer.

6. New records were set for many artists: Dubuffet ($24.8 million, buyer’s premium included), Soutine ($28.2 million), Cady Noland ($9.8 million) and Diane Arbus ($785,000).

7. Alberto Giacometti‘s L’homme au doigt (1947) sold for $141.3 million (buyer’s premium included).

8. With an auction total of $705.9 million (buyer’s premium included) and an average $20 million paid for each of the 34 pieces that sold, this sale is the third best auction of all times. At the 12 November 2014 historic auction, the average price for the 75 lots on offer was just $11 million.

9. Never before were that many masterpieces sold in one single hour!

http://www.artprice.com (c)1987-2015 thierry Ehrmann

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 590,000 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/124643720
News Artmarket: http://twitter.com/artpricedotcom https://www.facebook.com/artpricedotcom
https://plus.google.com/+Artpricedotcom/posts
https://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

 

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