Art auction

LiveArt Market Opens Trading

Retrieved on: 
Wednesday, June 16, 2021

LiveArt is pleased to announce the public launch of LiveArt Market , the digital peer-to-peer marketplace that places control into the hands of sellers and buyers.

Key Points: 
  • LiveArt is pleased to announce the public launch of LiveArt Market , the digital peer-to-peer marketplace that places control into the hands of sellers and buyers.
  • LiveArt Market began limited, invitation-only trading last week and has already achieved sales approaching $5 million, with more than 1,000 works of art valued at approximately $120 million in the pipeline for sale.
  • All LiveArt Market participants are extensively vetted and therefore can transact anonymously in virtual deal rooms.
  • George ODell, Executive Vice President of LiveArt: LiveArt provides a level of access and discovery that was previously available only to the most seasoned market participants.

Artmarket.com: France's place on the global art market six months after Brexit

Retrieved on: 
Tuesday, June 15, 2021

It generated the best French fine art auction result since the sale in October 2019 of Cimabue's Christ Mocked.

Key Points: 
  • It generated the best French fine art auction result since the sale in October 2019 of Cimabue's Christ Mocked.
  • In 2021 it looks like the Anglo-Saxon giants are still reigning over the French fine art auction market.
  • That said, the Anglo-Saxon auction houses in Paris do not have a monopoly on the high-end market.
  • It continues to favor New York, London and, since 2016, (for fine art) Hong Kong.

Artmarket.com: France's place on the global art market six months after Brexit

Retrieved on: 
Tuesday, June 15, 2021

It generated the best French fine art auction result since the sale in October 2019 of Cimabue's Christ Mocked.

Key Points: 
  • It generated the best French fine art auction result since the sale in October 2019 of Cimabue's Christ Mocked.
  • In 2021 it looks like the Anglo-Saxon giants are still reigning over the French fine art auction market.
  • That said, the Anglo-Saxon auction houses in Paris do not have a monopoly on the high-end market.
  • It continues to favor New York, London and, since 2016, (for fine art) Hong Kong.

Artmarket.com: the Artprice100© index is continuing to grow... +405% since 2000

Retrieved on: 
Tuesday, March 2, 2021

And yet the price of the Art Market's top one hundred artists (by auction turnover) continued to climb, taking its total growth since 2000 to +405%.

Key Points: 
  • And yet the price of the Art Market's top one hundred artists (by auction turnover) continued to climb, taking its total growth since 2000 to +405%.
  • The positive performance of the Artprice100 in 2020, although modest, is extremely reassuring.
  • While the construction of the Artprice100 is inspired by that of the S&P 500, the two indices nevertheless remain profoundly different and should be compared with caution.
  • The Artprice100 is designed as a portfolio of artworks representing the one hundred most important artists on the art market (see the composition below).

Artmarket.com: the Artprice100© index is continuing to grow... +405% since 2000

Retrieved on: 
Tuesday, March 2, 2021

And yet the price of the Art Market's top one hundred artists (by auction turnover) continued to climb, taking its total growth since 2000 to +405%.

Key Points: 
  • And yet the price of the Art Market's top one hundred artists (by auction turnover) continued to climb, taking its total growth since 2000 to +405%.
  • The positive performance of the Artprice100 in 2020, although modest, is extremely reassuring.
  • While the construction of the Artprice100 is inspired by that of the S&P 500, the two indices nevertheless remain profoundly different and should be compared with caution.
  • The Artprice100 is designed as a portfolio of artworks representing the one hundred most important artists on the art market (see the composition below).

Art Market Explodes: Huge Surge in Art Sales as Records Continue to be Broken

Retrieved on: 
Monday, February 1, 2021

"I think we're seeing a fundamental shift in how people buy art," said Park West Founder and CEO Albert Scaglione.

Key Points: 
  • "I think we're seeing a fundamental shift in how people buy art," said Park West Founder and CEO Albert Scaglione.
  • Park West's online art auctions showed steady growth throughout 2020, but they have seen a dramatic lift in popularity during the first weeks of 2021.
  • The Hiscox report which was created in collaboration with ArtTactic, a noted art research firmpoints to a positive future for online art auctions in 2021 and beyond.
  • Even during a pandemic, online art sales have skyrocketed because people still want the joy of collecting art.

Will Online Art Auctions Be 2021's Hot New Trend in the Art World?

Retrieved on: 
Tuesday, January 19, 2021

There is growing evidence to show that art collectors are enthusiastically embracing online auctions as an appealing and safe alternative to purchasing art in-person.

Key Points: 
  • There is growing evidence to show that art collectors are enthusiastically embracing online auctions as an appealing and safe alternative to purchasing art in-person.
  • Park West Gallery was one of the first art dealers to pivot to online auctions during the earliest days of the COVID-19 outbreak.
  • "We've really seen a huge uptick in our online art auctions in 2021," said Park West Principal Auctioneer Jordan Sitter.
  • You can learn more about Park West Gallery and its over 50-year history at http://www.parkwestgallery.com
    Park West also hosts live-streaming online art auctions every weekend.

DGAP-News: artnet AG: Artnet Defies Challenges Brought on by Covid-19

Retrieved on: 
Thursday, December 10, 2020

As a result, Artnet Auctions' revenue at the end of October exceeded the segment's total revenue for the fiscal year 2019.

Key Points: 
  • As a result, Artnet Auctions' revenue at the end of October exceeded the segment's total revenue for the fiscal year 2019.
  • In the third quarter of 2020, Artnet Auctions generated record revenue from contemporary and Modern art sales.
  • But the pandemic further accelerated the digital transformation of the art market, which Artnet has spearheaded for more than 30 years.
  • Despite the physical and economic challenges of the year, Artnet continued to strengthen its role as an information provider for the art market.

Artprice traces the Art Market's recent history via Sotheby's

Retrieved on: 
Tuesday, December 1, 2020

"The history of Sotheby's over the past thirty years is a marvelous illustration of the recent history of the Art Market," says thierry Ehrmann, President and Founder of Artmarket.com and of its Artprice department.

Key Points: 
  • "The history of Sotheby's over the past thirty years is a marvelous illustration of the recent history of the Art Market," says thierry Ehrmann, President and Founder of Artmarket.com and of its Artprice department.
  • Artprice traces this history through the three main periods preceding Sotheby's acquisition by Patrick Drahi and its digital transformation in 2020.
  • In 1999, Sotheby's recorded 27,550 Fine Art transactions, the highest annual number in its history.
  • Although the 2009 art market was impacted by the financial crisis (-60%), Sotheby's Fine Art turnover remained higher than its pre-2004 figures.

Artprice traces the Art Market's recent history via Sotheby's

Retrieved on: 
Tuesday, December 1, 2020

"The history of Sotheby's over the past thirty years is a marvelous illustration of the recent history of the Art Market," says thierry Ehrmann, President and Founder of Artmarket.com and of its Artprice department.

Key Points: 
  • "The history of Sotheby's over the past thirty years is a marvelous illustration of the recent history of the Art Market," says thierry Ehrmann, President and Founder of Artmarket.com and of its Artprice department.
  • Artprice traces this history through the three main periods preceding Sotheby's acquisition by Patrick Drahi and its digital transformation in 2020.
  • In 1999, Sotheby's recorded 27,550 Fine Art transactions, the highest annual number in its history.
  • Although the 2009 art market was impacted by the financial crisis (-60%), Sotheby's Fine Art turnover remained higher than its pre-2004 figures.