PARIS, Oct. 6, 2022 /PRNewswire/ — Published in time for Frieze London and Paris+ art fairs, Artprice has – for the first time – devoted an entire annual report to the “Ultra-Contemporary Art Market”. Available free of charge in French and English, this document analyzes the dazzling auction results for works of Fine Art and art-NFTs created by artists under 40. These works reflect the new concerns and societal challenges that today’s younger generations are grappling with.
According to thierry Ehrmann, President of Artmarket.com and Founder of Artprice, “Today, works by the youngest Contemporary Art stars can become even more expensive than works by the grand Old Masters in just a couple of years. Neither the rarity of a work nor the artist’s place in Art History seems to matter today as much as the feeling of novelty and the passion it arouses”.
In addition to our 2022 Ultra-Contemporary Art Market Report (available free online and in PDF) and to maintain our customary tracking of the Contemporary art market, Artprice is happy to present here a summary of the key figures for the global Contemporary art market as a whole, and for the Ultra-Contemporary segment specifically.
Contemporary Art Market: artists born after 1945
Ultra-Contemporary Art Market: Artists under 40
Soft Power and the Ultra-Contemporary Art Market in H1 2022
Diversity of the Ultra-Contemporary Art Market in H1 2022
Top 10 under-40 artists by auction turnover in H1 2022
Ultra-Contemporary NFTs in H1 2022
This Report offers a global analysis of the results from public auctions of Fine Art – paintings, sculptures, drawings, photographs, prints, videos, installations, tapestry – and art NFTs, excluding antiques, anonymous cultural property, and furniture. It covers global auction results obtained for artists under 40, but it also includes the global data for the Contemporary art market as a whole, including artists born after 1945. All the prices indicated in this report refer to results from public auctions, buyer’s fees included. All references to $ refer to the US dollar.
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Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information in databanks containing over 30 million indices and auction results, covering more than 793,000 artists.
Artprice by Artmarket, the world leader in information on the art market, has set itself the ambition through its Global Standardized Marketplace to be the world’s leading Fine Art NFT platform.
Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.
Artmarket with its Artprice department accumulates data on a permanent basis from 6300 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 5.4 million (‘members log in’+social media) users have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® to buy and sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321.3 of France’s Commercial Code).
Artmarket with its Artprice department, has been awarded the State label “Innovative Company” by the Public Investment Bank (BPI) (for the second time in November 2018 for a new period of 3 years) which is supporting the company in its project to consolidate its position as a global player in the market art.
Artprice releases its 2022 Ultra-Contemporary Art Market Report:https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2022
The Artprice 2022 half-year report: the art market returns to strong growth in the West:https://www.artprice.com/artprice-reports/global-art-market-in-h1-2022-by-artprice-com
Artprice by Artmarket’s 2020 Global Art Market Report published in March 2022:https://www.artprice.com/artprice-reports/the-art-market-in-2021
Artprice’s 2020/21 Contemporary Art Market Report by Artmarket.com:https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2021
Index of press releases posted by Artmarket with its Artprice department:serveur.serveur.com/Press_Release/pressreleaseEN.htm
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