Art week

The 2019 Contemporary Art Market Report

by Artprice.com

Discover the highlights and trends of the Contemporary Art Market by browsing Artprice's Complimentary Report!

Read the 2019 Contemporary Art Market Report in full

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Summary

Editorial by thierry Ehrmann, Founder/CEO of Artprice by Art Market
The USA remains the market’s primary growth engine although the Asian market is growing and diversifying, led by Hong Kong, which is building bridges between Asia and the West.

General synopsis & key figures
Driven by growing demand, the total volume of auction turnover generated by the Contemporary Art auction segment worldwide has doubled over the past decade with the recent figures showing strong sales right across the segment’s price spectrum.

The geo-politics of the Contemporary Art market
The USA remains the market’s primary growth engine although the Asian market is growing and diversifying, led by Hong Kong, which is building bridges between Asia and the West.

The best auction houses
Racing to capture works by ‘star’ artists… the quest for global market coverage… permanent strategic adaptation… these are some of the keys to the success of the top three auction companies: Sotheby’s, Christie’s and Phillips.

The top-selling artists
Driven by solid international demand, American artists dominate the high-end market, followed by Chinese artists supported by their effervescent domestic market.

African artists breaking through
After 20 years of more or less successful attempts, African creation is finally capturing the hearts and minds of international collectors. A new era is starting for Contemporary African art which has now established firm outlets in places like Venice and New York.

Top 100 Contemporary works sold at auction
Top 100 Contemporary Artworks Auction Performances (July 2017 – June 2018)

Top 500 Contemporary artists by auction turnover
Top 500 Contemporary Artists by Auction Turnover

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