Artprice: Top 50 Artworks Sold At Auction In 2018

Artprice and its CEO thierry Ehrmann are proud to present the 50 greatest artworks sold at auction last year. In the first half, Modern Art returned to ‘auction leader’ position with two results above the $100 million threshold.

The Art Market’s principal motivation has always been to seek the exceptional and the rare. The quest for strong sensations is an inherent characteristic of its history and its market: by acquiring an artwork, the collector also acquires an extraordinary history.

Collectors are naturally on the lookout for the right work by the right artist at the right time and at the right price, but they are also looking for a story that they relates to. In spite of these ‘search criteria’, the Art Market posts a global average 30% to 35% unsold rate, a key indicator of the Market’s health.

The inescapable processes of selection – indispensable to the Market’s refinement – are at the heart of the Museum Industry, the growth of which represents a genuine revolution in Art History.

Museums have in effect become the Temples of our 21st century: the number of visitors has multiplied by at least ten over the last 20 years. This represents an outstanding growth rate and it has been accompanied by the development of an entertainment market offering all manner of interactivity, derivatives, virtual visits, etc.

In sum, with the museums, the galleries and the auction houses, art has become a vast domain for leisure, discovery, education and curiosity.

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About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and
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Founded by thierry Ehrmann (see Who’s who certified Biography ) (c)
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Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice’s art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world’s principal news agencies and approximately 7,200 international press publications.

For its 4,500,000 members, Artprice gives access to the world’s leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice’s Global Art Market Annual Report for 2018 published last March 2019: https://www.artprice.com/artprice-reports/the-art-market-in-2018 [https://www.artprice.com/artprice-reports/the-art-market-in-2018]

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

About the Artron Group:

“Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993 by Wan jie, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials.

Having produced more than 60,000 books and auction catalogues, Artron is the world’s largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world’s leading art website.”

Artron’s Web: www.Artron.net [http://www.artron.net/]

Artprice’s Contemporary Art Market Annual Report for 2018 – free access at:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2018
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