PARIS, 17 October 2011 - Artprice and the FIAC are pleased to announce the distribution of their latest Contemporary Art Market report (French-English, 140 pages). This Report will be freely available to the press, art market professionals and visitors to the FIAC at the Grand Palais in Paris, France, from 20 to 23 October 2011.
According to Thierry Ehrmann, founder and ceo of Artprice, the backdrop to this 38th edition of the FIAC is particularly favourable. In effect, despite the instability of FINANCIAL markets, art COLLECTORS are fighting the pessimism prevailing in the general economic environment and the level of purchase intentions as recorded by Artprice’s A.M.C.I. (Art Market confidence Index) is strong at close to 70%.
This fifth edition of the Artprice / FIAC Contemporary Art Market Report is an essential document for all amateur, professional and institutional buyers or collectors of Contemporary art wishing to stay abreast of the key developments in the market. The Report contains analyses of market trends from more than 81 countries, presents the markets for the world’s top-selling individual artists and their resistance to the deflated speculative bubble and raises such questions as: How did the Contemporary art market react to periods of doubt and uncertainty?, Where is the art market heading?, How well are New Media integrating the Art Market?, What are the strategies of the world’s major art capitals, particularly Hong Kong and Beijing?
One thing is certain: this crisis cannot be compared to that of the early 1990's. Of course, compared to 2006/2008, million-plus auction sales have become scarce; but the contemporary art market is today more dynamic than ever and is showing a rare degree of maturity that many regulated markets would envy.
The report also presents Artprice’s TOP 500 that ranks the world’s top-selling Contemporary artists by revenue (i.e. born since 1945) with number of astonishing surprises this year. It also contains the Gallery’ Insight section as well as the Collector's Insight section.
The reform of public auction sales (and particularly of online sales) since France’s adoption of the European Services Directive (Law of 20 July 2011) should give Paris auction houses and galleries –who are now operating on a much more even playing field– the opportunity to recover some of the ground that had been lost on the international art market.
In fact, this law, which came into force on 1 September 2011, gives France the same service and product capacities as the UK via a series of new legal provisions that effectively eliminate a monopoly dating back to 1556.
A PDF version of the Artprice / FIAC Contemporary Art Market Report will be downloadable from Artprice.com in French and English as of 20 October 2011. The German, Italian, Spanish and Chinese versions will be available several days later.
THE CONTEMPORARY art MARKET 2010/2011 – THE LATEST CURRENTS
Art & Crisis
Art as an alternative investment
The best semester ever
China: move from East towards West and vice versa
Christie's and Sotheby's
How does France rank?
Artprice and the dematerialisation of the art market
ART MARKET CAPITALS
New York: end of an era?
New York auctions
The Warhol effect
The heir... Jeff Koons
Beijing / competing with New York
Liu Chunxi / the young traditional
Chen Yifei at the top of the Beijing market
Hong Kong / New art capital
Hong Kong International Art Fair
The auction market in Hong Kong
The power of collections
Zhang Xiaogang consolidates his market position
Hervé Loevenbruck, Director of the Hervé Loevenbruck Gallery (Paris, France)
Mauro Nicoletti, Director of the Magazzino Gallery (Rome, Italy)
Thomas Bernard, Director of the Cortex Athletico Gallery (Bordeaux, France)
Akio Aoki, Director of the gallery Vermelho (São Paulo, Brasil)
Bruno Brunnet, Nicole Hackert and Philipp Haverkampf, Directors of the gallery Contemporary Fine Arts (Berlin, Germany)
Daniel and Florence Guerlain
ARAB CONTEMPORARY ART – OVERVIEW
The safer investments
Kader Attia and Mounir Fatmi
A strong taste for photography
The Africa Remix effect
Coming soon at the Pompidou Centre
NEW MEDIA AND THE ART MARKET
Top names in photography
Video and light installation
Nice breakthrough of Asian artists
Be a collector or a financier? The Matthew Barney case
An intangible collection
Artprice 2010/2011 TOP 500 Contemporary artists
The Artprice Headquarters: The Abode of Chaos dixit The New York Times
Source: http://www.ARTPRICE.COM (c)1987-2011 thierry Ehrmann
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