Mercedes Duerinckx , Art Wanson Group CEO, tells us that “the art market continues to break records and strengthens as a safe value for investors,” noting that the global sales product in 2017 has exceeded all expectations.
The price indices – calculated by Artprice based on all Fine Art auction results worldwide – provide a unique and entirely objective insight into the evolution of the Art Market. The figures clearly show that over the last two years, only the Contemporary Art sector (artists born after 1945) has posted price growth.Contemporary Art is the most exciting segment of the market for collectors. This reality is clearly illustrated by the overall price evolution for the different artistic periods.
“As I Opened Fire.”Roy Lichtenstein, 1964. Oil and magna on canvas, 170 cm x 430 cm.
While Modern and earlier periods have posted stable price indices since the recession initiated by the subprime crisis, the Post-War period is, in turn, finding it increasingly difficult to maintain the growth pace. Its stars – Andy Warhol, Cy Twombly, Roy Lichtenstein and Gerhard Richter– are becoming increasingly rare on the secondary market. This reflects the fact that the “museum industry” is mercilessly pursuing its acquisition of the market’s best works. Recall that more museums opened between 2000 and 2014 than during the entire 20th century. Nevertheless, 700 new museums with ‘international art’ profiles opened 2017 around the world, thus consolidating the structure of the global museum economy.
“MARILYN. ANDY WARHOL; A PRINT RETROSPECTIVE,” Leo Castelli (1981). Screenprint, 30.5 X 30.5 cm.
Printer: Leo Castelli Graphics
The new era of prosperity that the art market has entered is, for the first time in its history, driven by Contemporary Art. This represents a historic development in art history and an undeniable indicator of Art Market confidence in living artists. The current power of the Contemporary Art Market (formerly the weakest segment of the market) illustrates the overall solidity of today’s Art Market as a whole; a solidity that adds security and reassurance for newcomers to the market.
More than ever, the Art Market is proving its role as a liquid and efficient market, offering extremely attractive returns, particularly in an environment where central banks are pursuing negative interest rates that are really catastrophic for savers. © artprice.com
ART WANSON GALLERY/GROUP
With headquarters at the iconic Marbella Club Hotel, this prestigious gallery portfolio is specialized in Modern, Contemporary and Fine Art Collections from the XV to the XX centuries. AWG is an international luxury platform, with a philosophy based on the creation of Excellence in Art, Design, Architecture, corporate strategies and luxury projects. The group are leaders in the introduction of cultural and artistic spaces within the luxury hospitality industry.
Listing of represented artists.
You may visit the Art Wanson Gallery and Group within the Marbella Club Hotel:
Marbella Club Hotel
Blvd Principe Alfonso von Hohenlohe, s/n
29602 Marbella, Spain
(+34) 952 541 541