The First Art Newspaper on the Net Established in 1996 United States Thursday, November 26, 2015

Global art market in rude health: Artprice, a French company which tracks art sales worldwide
"The art market is hungry," Thierry Ehrmann, Artprice's president and founder, told AFP.
PARIS (AFP).- The global art market rose in value by 17 percent to a record $7 billion in the first half of 2014, according to new industry figures.

Artprice, a French company which tracks art sales worldwide, said that during the first six months of the year art works sold at public auction totalled $7.15 billion ($5.22 billion euros), up on $6.11 billion for the same period in 2013.

"The art market is hungry," Thierry Ehrmann, Artprice's president and founder, told AFP.

"We have gone from 500,000 collectors in the post-war period to nearly 70 million 'art consumers' -- art lovers and collectors -- worldwide," he said.

2013 was a record year for art with sales worth $12.17 billion following a drop in 2012 linked to a contraction in the Chinese market.

Ehrmann said museums and art centres, both public and private, were springing up all over the world, in particular in the Asia Pacific region and to a lesser extent in South America and the Middle East.

The market was in "very good health," with growth being fuelled by this "museum industry" and also by investors, he said.

Against a background of financial volatility, works of art were proving particularly attractive not just to individuals but also to institutional investors and fund managers.

"The market is increasingly mature and liquid, offering yields of between 10 and 15 percent per year for works over 100,000 euros," Ehrmann said.

In the first half of 2014, the US topped the figures with $2.38 billion of art sold, a jump of 28 percent on a year ago and giving it a third share of the world art market.

China slipped to number two after four years on top, with sales of $1.97 billion, an increase of 6.9 percent and giving it a market share of 27.7 percent.

Britain, meanwhile, had a quarter of the market with sales of $1.8 billion, a rise of over 25 percent.

France was at fourth place with sales of $284 million and a market share of 3.9 percent.

The international art market was increasingly focused on the US, China and Britain, with the three countries alone accounting for 86 percent of all global sales, according to Ehrmann.

© 1994-2014 Agence France-Presse

Today's News

August 7, 2014

Duke & Duchess of Cambridge & Prince Harry visit the Tower of London's art installation

Five paintings by 19th-century Russian Jewish landscape painter Issac Levitan stolen from regional museum

Global art market in rude health: Artprice, a French company which tracks art sales worldwide

Tens of thousands of people gather as Hiroshima marks anniversary of atomic bombing

'The Art and Science of Exploration, 1768-80' opens at The Queen's House, Greenwich

Saving Romania's cobza from playing its last notes; Unique stringed instrument that faces oblivion

Magnificent 1956 Ferrari 250 GT 'Tour de France' and muscular 1964 Shelby 289 Competition Cobra headline sale

'Poetry for the Palace: Poets Laureate from Dryden to Duffy' opens at The Queen's Gallery

Rare document tied to America's fight for Independence on view at New-York Historical Society

Museum of Fine Arts, Boston, announces new curatorial appointments

Stained glass windows designed by pre-Raphaelite artist Henry Holiday at Dreweatts & Bloomsbury Auctions

'Matters of Time: Artists from Finland' exhibition on view at Frankfurter Kunstverein

The Institute of Contemporary Art/Boston opens Ragnar Kjartansson's The Visitors

Paintings, photographs, works on paper & video by international artists on view at RH Contemporary Art

Maryland Institute College of Art to make Baltimore a filmmaking powerhouse

The Museo del Prado, in collaboration with PHotoEspaña, present 'Masks'

Syria's Apex Generation debuts in the United Kingdom at Ayyaam Gallery

Artist and environmentalist Amy Shackleton opens exhibition at Mike Wright Gallery

New exhibition, Exotic Exchange: RPM and Chicago's Field Museum, on view at the Reading Public Museum

New Museum announces major new scholarship initiatives

Most Popular Last Seven Days

1.- First solo exhibition by the American artist Mickalene Thomas in Belgium opens at Galerie Nathalie Obadia

2.- Israel accidentally finds ancient mosaic that served as pavement for a courtyard in a villa

3.- The address of Johannes Vermeer's the Little Street discovered by Rijksmuseum curator

4.- The nine lives of Russia's Hermitage cats that root out unwanted guests: Rodents

5.- Robbers make off with masterpieces by Rubens and Tintoretto from museum in Verona

6.- 17th century letters at Museum of Communication reveal refugees 'sense of loss'

7.- New museum dedicated to the artist Mu Xin opens in Zhejiang Province, China

8.- Who are the most prolific art collectors in the US today?

9.- Rubens House brings newly discovered study for a portrait by Van Dyck to Antwerp

10.- "The Nude in the XX and XXI century" curated by Jane Neal opens at Sotheby's S/2 London

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, .


Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez
Social Network Manager and Translator: Norma Cristina Pérez Ayala Cano

Royalville Communications, Inc
Founder's Site. The most varied versions
of this beautiful prayer.
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site