The global art market is about to enter a new season and Skate’s has given a new statistics report on the high-end masterpiece art market. Skate’s Top 10,000 database, which tracks the most valuable artworks sold at public auctions since 1985, brings the new insights into world’s most valuable artworks by market prices. The most interesting fact, considering the latest analysis, is that a third of the value of the top 10,000 masterpieces comes from only ten artists, so read along to see who they are and what are the latest art market estimations in numbers.
The latest news from Skate’s bring some interesting stats. According to their 10,000 rating, the value of the world’s top 10,000 artworks has grown from $50.66 billion to $53.85 billion or almost 7% (with the threshold price) since the beginning of the year, from $1.51 million to $1.59 million. The weighted average annualized investment return on the world’s most valuable masterpieces saw and increase from 4.92% as of December 31st, 2014, to 5.07% as of September 1st, 2015. This year also saw the increase in liquidity with repeat sales contributing to 18.0% of Top 10,000 sales by volume as of September 1st, 2015, compared to 16.6% as of December 31st, 2014.
Who are the ten artists who dominate the high-end marketplace? According to Skate’s charts Pablo Picasso and Andy Warhol are still holding the supremacy with their total market value being over $4.36 billion and $2.94 billion. The only living artist featured in the list of Top 10 artists by market value is Gerhard Richter and the list is still dominated by postwar and contemporary art, abstract expressionists and pop art. Gerhard Richter is also the leading living artist enjoying the same dominance among the peers, as Picasso on the overall list, followed by Jeff Koons in terms of value distribution. When it comes to the value distribution female artists ranking is following the same pattern with Joan Mitchell leading the competition. The female artists are still running behind and it is estimated that with $797 million in aggregate value, they would not make it into the top 10 artists ranking, where 10th-rated Modigliani has the market value of $853 million alone.
Skate’s reports also bring the statistics of investment returns with the list of best and worst investment returns in high-end art market trade for the artists within their Top 10.000 database. Featured in their list of five best artists by investment returns are: Isamu Noguchi, Frans Hals I, Kazuo Shiraga, Auguste Rodin, and Maqbul Fida Husain. The list of five worst artists by investment returns goes as follows: Childe Hassam, Henri de Toulouse-Lautrec, Barnett Newman, Dante Gabriel Rossetti, and Maxfield Parrish. So choose your investment carefully and enjoy the next season of art auctions.
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Pablo Picasso - Bullfight, 1934.
Images in text via Skate’s