PARIS, March 7, 2013 /PRNewswire/ --
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)
http://imgpublic.artprice.com/pdf/the_art_market2012_online_en.pdf
Download the complete document in Chinese - PDF format (Free
download)
http://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
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