Through Art Market & You, Art From Us provides you Analysis, Opinion and Factual Reports regarding the current on-goings of the Global Art Market. In this article, we discuss the Artprice Report for 2018.
About the Report
The Art Market in 2018 is a report analysing the art sales listed by Artprice and Artron during the 2018 calendar year.
Artprice boasts of being the leading online database for art. The French company was created in 1987 by Thierry Ehrmann as a subsidiary of the Server Group. Its database today comprises of over 27 million entries.
At the very beginning of the 2018 report, its writers and analysts acknowledge the steady growth in interest in the Eastern art markets, especially China.
Looking towards China : Artprice
Thierry Ehrmann, founder and CEO of Artprice writes :
“In less than ten years, China has managed to impose itself as a global giant and is now challenging the West’s domination of the market.”
The market focus moves slowly from West to East,. Ehrmann explains that not only does the Asia Pacific region have high flow of capital. But, the region is also rich with cultural heritage. Artists in China and other regions of South Asia are using their artistic traditions and heritage to create contemporary pieces of art. And thus keep up with market demands and expectations.
In agreement with and addition to Ehrmann’s statement, Wan Jie, founder of the Artron Group writes :
“As we enter 2019 and the mixed feelings towards 2018 begin to fade, there is growing optimism that the new year will bring new opportunities and new progress. We firmly believe that all of the hard work being put in at art houses across China (and indeed the world) will bear fruit and that all of the care and attention being poured into the industry will form a solid bedrock from which we can grow.”
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