THE contemporary

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Nota bene: all prices in this report are indicated in US dollars and all auction prices are given “including buyer’s fees”. The auction sales analysed in this report are exclusively sales of Fine Art, i.e. paintings, sculptures, installations, drawings, photographs and prints, and do not include sales of anonymous cultural goods or furniture. Contemporary artists are defined as artists born after 1945. This report covers the period July 2014 to June 2015. However the sales held on 1 and 2 July 2015 have been included in this report because they are traditionally held in the first half of the year.
The <strong>contemporary</strong> art market Thierry Ehrmann Sculptor, Visual artist, Artprice.com and Server Group founder & CEO Contemporary art will always be the enfant terrible of the Art Market… constantly accused of speculation, inconsistency, lack of meaning and God knows what other sins. Why so much animosity? Reality is so simple. For nearly a century we have measured the level of market speculation by looking at the unsold rates at public sales. Unfortunately for the market’s critics, Artprice has calculated the current global unsold rate at 37%, corresponding to a high level of market selectiveness, i.e. an environment in which only irreproachable works find buyers. In a speculative environment, the unsold rate drops because demand is so strong almost anything sells. This is definitely not the case today. However, from a historical perspective, with the help of Artprice, one particularly remarkable fact concerning Contemporary art stands out: it is now the primary locomotive of the entire Art Market, a position previously occupied by Modern art. Aside from this observation, the sociological relationship between Contemporary artists and the market has clearly changed, both on the production and the demand side, resulting in a much more mature market. The clichéd notion of the ‘wretched’ artist living in poverty seems completely outdated and the old saying “only a dead artist is a good artist” is now itself a relic of the past. This ninth report (2014/2015) digs deep into the heart of these fascinating historical developments. Another observation worth celebrating is that Contemporary artists are again playing the role so well defined by the philosopher Giorgio Agamben: “A Contemporary artist is someone who accepts to look directly into the obscure beam of his era.” In the modern world’s standardised and globalised village, the Contemporary artist adds that extra depth of soul and breadth of consciousness that we are all constantly seeking. thierry Ehrmann 7
Page 1: THE contemporary art market REPORT
Page 4 and 5: On social networks, our customers a
Page 8 and 9: INTRODUCTION Contemporary art requi
Page 10 and 11: 10 Jean-Baptiste BERNADET Untitled
Page 12 and 13: Aili JIA Untitled Acrylic on board
Page 14 and 15: Urs FISCHER What if the Phone Rings
Page 16 and 17: 16 Raqib SHAW Arrival of the Horse
Page 18 and 19: United Kingdom $410.5 million 23% U
Page 20 and 21: $1,200 million $1,000 million $800
Page 22 and 23: United States MoMA Guggenheim NY Wh
Page 24 and 25: 3,000 2,000 1,000 2000 2001 2002 20
Page 26 and 27: 26 Zeng FANZHI Mask Series No. 4 (
Page 28 and 29: 18 m$ 15 m$ 12 m$ H1 H2 9 m$ 6 m$ 3
Page 30 and 31: prize was finally attributed to the
Page 32 and 33: 6,136 individually painted pills. T
Page 34 and 35: After his first bright colour pigme
Page 36 and 37: Anish Kapoor in the gardens of the
Page 38 and 39: and supported by the art world’s
Page 40 and 41: Thomas STRUTH Pantheon, Rome (1990
Page 42 and 43: Adrian GHENIE Pie Fight Study (201
Page 44 and 45: York’s MoMA drove bidding for her
Page 46 and 47: projects. She is well represented o
Page 48 and 49: Art and politics Major artistic eve
Page 50 and 51: Professionals Insight ARTPRICE: A n
Page 52 and 53: Jones Bergamin & Sophie Su, Bolsa d
Page 54 and 55: Top 500 Contemporary Artists 2014/2
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56 Rank Country of Birth Auction Tu
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La demeure du chaos THE abode of ch
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“Headquarter” (1999), monumenta
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“Ground Zero” (2001/2002), monu
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“The Nail” Steel sculpture, 9 m
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“Les Cages de l’Enfer ”/ “H
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“Memento Mori”
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French-English Collector, the book
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THE contemporary

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