|The First Art Newspaper on the Net
||Established in 1996
|| Wednesday, April 25, 2018
|France-based Artprice says China top buyer as world art sales hit new record of $12.05 billion|
File photo of spokesmen from Christie's talking about Francis Bacon's "Three Studies of Lucian Freud". The oil on canvas triptych was part of Post-War and Contemporary Evening Sale scheduled for November 12, 2013. AFP PHOTO/Don Emmert.
PARIS (AFP).- Global art sales hit a new record high of $12.05 billion (8.8 billion euros) in 2013 with China keeping its spot as the top buyer, a leading art market data firm said Wednesday.
France-based Artprice said sales of artworks around the globe -- which include paintings, sculptures and photographic prints -- grew 13 percent in 2013.
The market rebounded after a nine percent drop in 2012 that was due mainly to a decrease in sales in China.
But China remained the top art buyer for the fourth year running in 2013, accounting for $4.078 billion in sales, Artprice said.
It was followed closely by the United States, which accounted for $4.016 billion of sales, up 20 percent from 2012.
"These two powers alone account for two-thirds of the art market," said Artprice CEO Thierry Ehrmann.
Britain was in third position but far behind, accounting for $2.11 billion worth of sales. France was fourth with $549 million in sales, followed by Germany and Switzerland.
Ehrmann said growth in the art market continued to rely on the works of a small number of popular artists selling at high prices.
"Half of the revenues from 2013 were based on only 100 artists and 25,000 lots," Artprice said.
A new world record for the most expensive piece of art auctioned was reached in November when a triptych by British painter Francis Bacon -- "Three Studies of Lucian Freud" -- sold for $142.4 million at Christie's in New York.
New York is the "epicentre" of top-level sales, Artprice said, accounting for 39 of the 50 best auctions last year.
With $3.55 billion in sales, Christie's beat out rival Sotheby's, with $3.10 billion, for the spot of top auction house.
Ehrmann said he expected 2014 to be another record year as the art market cements its place as a "true safe haven" for investors.
© 1994-2014 Agence France-Presse
February 13, 2014
Sotheby's London Contemporary Art Evening Auction totals £88m / $144.6m
"Baselitz and his generation. From the Duerckheim Collection" on view at the British Museum
'Giants' of Dutch Golden Age to be united for first time by three museums in Amsterdam
Centre Pompidou opens completely new retrospective of the work of Henri Cartier-Bresson
Duchess of Cambridge, Grayson Perry, Liz Hurley at National Portrait Gallery fund raising gala
Exhibition of drawings by Jacopo Carucci "Pontormo" opens at Fundacion Mapfre in Madrid
A wealth of objects, including the world's first crown and scepters, travel to U.S. for first time
Gaza seeks global help to unravel mystery of Apollo statue discovered by a handful of fishermen
France-based Artprice says China top buyer as world art sales hit new record of $12.05 billion
Friends, Lovers and other Constellations: Eric Fischl opens exhibition at Albertina
Shaping Framing History: Eli Wilner & Company receives some extraordinary design requests
Exhibition of new paintings by renowned American artist George Condo opens at Simon Lee Gallery
Immersive installation that combines light, sound and movement opens at Barbican
Satyr from Althorp Castle, country home of the Spencer family, surfaces at Bonhams
Transition and Transition: Josip Vaništa, Oleg Kulik, Blue Noses exhibit at The Ludwig Museum
Israel Museum collection expands with major acquisitions in 2013
Salvatore Federico's exuberant minimalist two-color compositions on view at Nancy Margolis Gallery
Rare antiquities book leads at Bonhams books sale in Los Angeles
Sensational silver at Dreweatts & Bloomsbury Auctions' Sale of Fine Silver & Objects of Vertu
Germany grapples with draft law on Nazi-looted art
Pietro Roccasalva's first exhibition in a German public institution opens at Kölnischer Kunstverein
Modern Surfaces: Melissa Gordon exhibits at Deweer Gallery
Most Popular Last Seven Days
1.- Boy and an amateur archaeologist unearth legendary Danish king's trove in Germany
2.- Exhibition at The Met illustrates what visitors encountered at The palace of Versailles
3.- Philadelphia Museum of Art opens "Modern Times: American Art 1910-1950"
4.- Exhibition at Michael Hoppen Gallery presents a cross-section of works from Thomas Mailaender's career
5.- New York's Chelsea Hotel celebrity door auction raises $400,000
6.- Stevie Ray Vaughan's first guitar drives Entertainment & Music Memorabilia Auction to nearly $2.9 million
7.- Lichtenstein's Nude with Blue Hair tops $2.4 million sale of Modern & Contemporary Prints & Multiples
8.- $6.7 million Fancy Intense Blue Diamond sets auction record at Sotheby's New York
9.- Mexico court blocks sales of controversial Frida Kahlo Barbie doll
10.- Dutch museums to conduct new research on the paintings of Pieter de Hooch
Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .
|Royalville Communications, Inc|
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.