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Art Market & You : THE ARTPRICE REPORT FOR 2018 II

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 delve deeper into 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.

Today we take a closer look at a few of what we consider as key sections of the report.

“Major Disappointments”

The report cites the top 10 disappointments seen in the art auction world in 2018, listing some important works that did not sell.

Some popular and well known names have made it to this list, including Pablo Picasso, Sigmar Polke and Gerhard Richter. These works failed to even their lower estimate and therefore remained unsold.

The Chinese Market : Tastes & Preferences

The Artprice report goes also pinpoints 10 best selling artworks from the Chinese market. These include Su Shi’s Wood and Rock; Ai Xuan’s Aspirant; Pan Tianshou’s View from the Peak and Chen Yifei’s Beauties on Promenade. The list of top selling artists includes Pan Tianshou, Lu Yanshao and Fu Baoshi at ranks 1, 2 and 3 respectively. Abstractionist Wu Dayu is at rank 7, while Hao Liang just makes it at 8.

Technology is the Future

Several references in different capacities have been made to the future of the art world in the technological age. 2018 saw the sale of the first AI generated work at auction. Further, Artron also proposed its use of Blockchain technology in art transactions as the future of preventing art forgeries. Among other things,  blockchain enables the generation of an encrypted certificate of authenticity for each work, thus hampering any attempts at forgery.

To read more on facts and opinions, visit Art Market & You.

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