2013-03-07 07:04:09 -
Editorial
For this study of the global art market in 2012, Artprice has formed an alliance
with Artron, the leading information service on the art market in China within
the Greater Asia region, in order to provide the best possible overview of the
art auction market.
For years, Artprice has taken the utmost interest in collecting the data of the
Asian art market and more especially the Chinese market. However, Artprice was
missing a key element: the cultural and sociologic analysis that key actor Art
Market Monitor of Artron (AMMA) only could provide, according to Thierry
Ehrmann, the founder and CEO of Artprice. With the art market
now bipolar,
entering into a dialogue between East and West has enabled us to come to an
unprecedented cross-cultural analysis of the market.
In fact, we are analysing a bipolar art market that has grown in China and the
West and at different speeds in different cultural terrains and according to
different standards. In comparison with 2011 figures, released by Artprice in
its annual report, those of 2012, co-released by Artprice and Artron, show an
increase by 6.1%.
There has of course been a globalisation effect due to the dematerialisation of
the art market through the Internet and the nomadic nature of collectors. And of
course it is clear that bridges have been built between East and West and that
the creation, supply and demand of art sometimes overlap at certain points. But
we cannot say that art has become totally homogeneous. On the contrary, the art
market exacerbates cultural differences by reflecting the gamut of artistic
choices. Chinese collectors are not inclined to buy a Western piece of art that
they find is too far removed from their cultural parameters. Instead, they
prefer traditional styles, ancient calligraphy and, more recently, contemporary
"experimental" ink art. Likewise, Western collectors mainly buy the works of
artists who speak their language, including some Asian artists who have
assimilated Western art history.
So the idea of a globalised art market should be taken with a pinch of salt. In
any case, it is a little premature for Western and Chinese readers to be finding
their bearings in an analysis of the global art market that is bent on combining
information from East and West at all costs. In order to provide a clear and
transparent analysis for our entire global readership, this year our report is
made up of an introduction that covers the results of art sales around the world
in 2012, followed by two distinct chapters. The first of these concentrates
exclusively on the art market in the West and Artprice data, while the second
focuses on art in China and Artron data. This fertile relationship between
Artprice and Artron has led us both to examine our areas of overlap and
divergence and to look at the way a new geopolitics is evolving in the art
market of the 21st century.
thierry Ehrmann
For the past ten year, Artprice has published its exclusive annual art market
report - available in 6 languages -, which is distributed to over 6,300 media
organisations and international institutions every year. Based on 6.3 million
auction results from 4,500 auction houses around the world, the report contains
macro- and micro-economic analyses providing the keys to understanding the
annual evolution of the global auction market. It discusses the major trends in
the market, analysed throughout the year on the ArtMarketInsight page of our
website, by the Artprice press agency and jointly by the Artprice and the Art
Market Monitor of Artron Econometrics Department. To complement this objective
appreciation of the art market based on a year of global auction results,
Artprice and the Art Market Monitor of Artron also offer numerous original
rankings such as the Top 500 artists by auction revenue and the Top 100 auction
results of the year.
Download the complete document in English - PDF format (Free download)
imgpublic.artprice.com/pdf/the_art_market2012_online_en.pdf
Download the complete document in Chinese - PDF format (Free download)
imgpublic.artprice.com/pdf/the_art_market2012_online_zh.pdf
About AMMA, a subsidiary of GROUPE Artron
AMMA -Art Market Monitor of Artron- is a subsidiary of GROUPE Artron. AMMA is a
research center committed to comprehensive monitoring and in-depth analysis of
the Chinese Art Market. The research and advisory services are sourced from
Artron's database, recognized as the largest and most credible database on the
Chinese art market with more than 2.5 million artworks listed and auction
results from all over China. For each artwork listed the database contains high
definition images and is supplemented with information from more than 500
auction houses ever since China Guardian commenced auction activities in China
in 1993. Using statistical and econometric methodology, AMMA observes the price
trends of the Chinese art market as well as the specific movements regarding
particular specialty markets, categories or artists. AMMA also provides data
analysis, technical valuations and pricing advice. It also organizes seminars
for individual and institutional customers
About Artprice.com:
ARTPRICE has joined the prestigious SBF 120 index. The SBF 120 index is composed
of the 120 largest French listed companies, including the CAC 40 companies and
the country's 80 most liquid stocks.The current liquidity of the Artprice share
is 3.83 million euros per day calculated over 440 trading days (amounting to a
total of €1.670 billion).
Artprice is the global leader in databank on Artprices and indices with more
than 27 million indices and auction results covering more than 500,000 artists.
Artprice Images® offers unlimited access to the largest Art Market resource in
the world, a library of 108 million images or engravings of artworks from 1700
to the present day along with comments by Artprice's art historians. Artprice
permanently enriches its databanks with information from 4,500 international
auction houses and auctioneers and publishes a constant flow of art market
trends for the main news agencies and 6,300 international written media. For its
2.072 million members (member log in), Artprice posts standardized adverts in
what is today the world's leading Standardised Marketplace® for buying and
selling works of art by private contract or at auctions -regulated by French law
alinéas 2 et 3 de l'article L 321.3 du code du commerce.
Artprice is listed on Eurolist B SBF 120 by Euronext Paris (SRD long only):
Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF
twitter.com/artpricedotcom
Discover the Alchemy and the universe of Artprice
web.artprice.com/video,
which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos
goo.gl/Tz6ly
Contact: Josette Mey, tel: +33(0)478-220-000, e-mail:
ir@artprice.com
The Art Market 2012:
hugin.info/155852/R/1683182/550796.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ARTPRICE COM via Thomson Reuters ONE
[HUG#1683182]
