▷ Artmarket.com: as the health crisis is gradually easing, wants to …


25.10.2021 – 15:25

Artmarket.com

Paris (ots/PRNewswire)

This year FIAC (the international contemporary art fair in Paris) takes place at Ephemeral Grand-Palais, in the park of Champs de Mars, held on the opposite side of the Eiffel Tower; 170 of the world’s most famous galleries can be found here until Sunday, October 24th. Indeed Jennifer Flay, the Artistic Director of the fair hasn’t forgotten that the crisis that led to the cancellation of the 2020 art fair and called into question much of the way society (and the art market) work. So she decided to keep an online version of the art fair going.

Auction turnover (1st half of 2021) in the field of fine arts (by medium)

Robert Delaunay, The Eiffel Tower (1928)

According to Thierry Ehrmann, CEO and founder of Artmarket.com and its Artprice division, “is the online FIAC may not be the main event, but it – which includes 40 additional galleries – shows a profound change in the art world, which is expressed in the coexistence of two markets: the material art market within the framework of the FIAC (with its outside -Shows / installations including a stately sculpture by Alexander Calder on Place Vendôme and the other fully virtual art market that you can visit from home dem Link fiac.viewingrooms.com“can visit.

The art market doesn’t just offer NFTs …

For the past six months there has been a lot of excitement surrounding blockchain in the art world. This is a technology that will be available with the auction of the NFT in March 2021 Everydays von Beeple made a sensational entry into the world of auctions for $ 69.4 million at Christie’s New York. This was followed by the NFTs from Then at Sotheby’s and the NFTs from Dog Jones at Phillips; all this aroused a great deal of media interest, to which the meaning of the term artistic creation and the way in which art is brought into circulation in the 21st century has been permanently shaken.

Artprice underlines in his art market report for the first half of the year (https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2021) anyway, that public auctioning of NFTs in the visual arts represents only 2% of global sales. It is a niche market that will open in the first 6 months of 2021 New York (90%) and Hong Kong (9%) have shared and that has fewer than 100 lots in total.

As a result, the traditional painting art market is still 35 times larger than the NFT market. Nevertheless, the latter already generates twice as much as the photography market; 10,000 lots were sold here, but the market generated only $ 66 million in sales over the same period (half the NFT market).

Paris: careful, but not insignificant

As every autumn, there is an extremely diverse range of exhibitions in the French capital; it encompasses almost the entire history of art: from Botticelli in the museum Jaquemart-André above Georg Baselitz and Georgia O’Keeffe im Centre Pompidou up to MorozovCollection in the foundation Louis Vuitton and the one just in the Stock Exchange opened collection Pinault.

At the same time, Almine Rech and the Galerie Perrotin present the work of one of the most talented representatives of French contemporary art: Claire Tabouret. Two more galleries, Levy Gorvy and Nathalie Obadia show works by the Afro-American artist Mickalene thomas.

Top 3 living artists by auction sales (H1 2021)

  1. Pierre Soulages (1919): 30 680 000 Dollar
  2. Claire Stool (1981): 3 011 000 Dollar
  3. Robert Combas (1957): 2 820 000 Dollar

Paris wants to come across as multi-layered and forward-looking; this comes in this year’s award ceremony Marcel Duchamp Price Lili Reynaud Dewar (whom Artprice proudly supports) to expression. Meanwhile, the 4th international digital art biennial is taking place at Centquatre-Paris instead of.

Still behind London

The Paris art market is hoping that the Brexit and benefit from a number of prominent galleries; Levy Gorvy and David Zwirner for example, in anticipation of a certain isolation of the British market, branches in Paris, and Larry Gagosian is just opening a third art space in the French capital. But the balance between the two capitals has not changed much since Britain officially left the EU.

During the art week Frieze were high quality works of art by Basquiat, Richter and Hockney successfully auctioned off in London, a fact that relaxed the local market. And the reappearance of Banksys Work Girl with Balloon, (the work that was partially self-destructing after the $ 1.4 million auction) that on Love is in the bin was renamed, provided the art market with a spectacular event and a sensational auction result of $ 25.4 million.

In Paris you don’t expect a Christie’s or Sotheby’s Lot offered during the FIAC could reach similar sums, although some excellent works of the avant-garde by Magritte, Manet and Picabia, in addition to other works have already found buyers … So while the galleries have the best creations of contemporary art both on the FIAC as well as in their branches, the auction houses remind us once again that Paris has long been regarded as the art capital of the world.

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