Artprice turns the spotlight on FIAC 2014
(Thomson Reuters ONE) -
The FIAC is one of the world's leading fairs for contemporary art. The 41st
edition of this key global event continues its march in the face of increasingly
fierce competition.
This year, some 191 galleries from 26 different countries will be gathering
together at the Grand Palais. FIAC 2013 featured 129 exhibitors from 25
countries (including 55 from France) and welcomed 73,000 visitors over the five
days of the fair.
The exhibitors have already revealed the names of the artists they will be
presenting. Artprice now delves into the details of what visitors can expect to
see at this latest edition of the fair (see link):
http://imgpublic.artprice.com/pdf/artprice-radioscopie-fiac-2014.pdf
The works of 1,451 artists will be exhibited in the main hall and its adjacent
rooms. They include prestigious names such as Andy Warhol, Francis Bacon and
Gerhard Richter, with works estimated in millions of euros. When we compare this
list with the Top 500 of contemporary artists recently published by Artprice in
its Annual Report on the Contemporary Art Market (see link):
http://imgpublic.artprice.com/pdf/artprice-contemporary-2013-2014-en.pdf
We see that 145 of these visual artists are among the most sought-after in the
world, and the public will be able to view their works by simply strolling
through the aisles of the Grand Palais. The top five names in this ranking will
of course be represented: Jean-Basquiat, Jeff Koons, Christopher Wool, Peter
Doig and even Chinese artist Zeng Fanzhi. These artists each have an auction
record of over ?10 million.
A glance at the Top 500 soon reveals that a large number of Chinese artists are
missing. This year there will be no works by Luo Zhongli, Chen Yifei or even
Zhang Xiadong, although they made it into our Top 10 of contemporary artists.
This is because they are much more popular in Asia (China and Hong Kong) than in
the West. The two markets are still relatively autonomous, and it is very rare
for artists to battle successfully on both fronts.
For example, 99% of Zeng Fanzhi's turnover from public sales comes from China,
while 99% of Jean-Michel Basquiat's sales are made in the USA, UK and France. As
a result, Chinese artists make up less than 3% of the artists exhibited at the
Grand Palais, despite the fact that they produce 40% of sales revenues for
contemporary art.
According to Artprice, China will again move ahead this year with revenues in
excess of ?601 million, or 40% of the global market, compared to ?552 million
for the USA. These two strongholds of the market generate almost 78% of global
receipts for contemporary art. The UK takes third place with ?231 million, and
France trails a poor fourth at just ?26.3 million.
Contrary to certain expectations, the most strongly represented nation at FIAC
2014 will not be France, but the USA (obviously), which provides 25% of the
artists exhibited. With less than half this total, France comes in third place
with 11.4%, behind Germany with 11.7%. It is followed by the UK (9.1%), Italy
(3.3%), Switzerland (2.9%), Belgium (2.8%) and finally China (2.7%), among 84
nationalities in all.
Well-known French artists who will not be represented include Robert Combas,
Richard Orlinski and Philippe Pasqua. In fact, not one of the eight contemporary
French artists included in our Top 500 will be featured at this 41st FIAC.
Some artists will be exhibited simultaneously by a number of galleries, and the
most ubiquitous artist is none other than the great Pablo Picasso. The most
famous artist of the 20th century will be shown by nine different galleries.
This might seem a little excessive for a show dedicated to Contemporary Art.
The Spanish artist, who was born in 1881 and died in 1973, produced his most
important work before the Second World War - for example, Guernica (1937). There
are some other surprising names on the list, such as Vassily Kandinsky (1866-
1944), Gustav Klimt (1862-1918) and Edvard Munch (1862-1944). Can these major
visionaries really still be thought of as contemporary artists?
Or is there another (commercial) reason for the intrusive presence at the fair
of so many works by these great masters? Of course the definition of artistic
periods - particularly Contemporary Art - remains relatively vague, and perhaps
intentionally so. Experts find it difficult to agree on criteria for affiliation
or specific dates.
Some use the year a work was created as the sole reference, despite the fact
that this is often unclear or misleading. Others think it should be restricted
to living artists. At Artprice.com, we have chosen to use the objective,
unchanging criterion of the artist's date of birth.
Over 80% of the artists on show at the FIAC are still alive, and their average
age is 51. The doyenne of the show is Cuban artist Carmen Herrera (born 1915),
exhibited by London's Lisson Gallery. The youngest in the show are just 25 years
old: Lucien Smith at the Skarstedt Gallery and Phillip Timischl at Neue Atle
Brucke.
Only 54 of the artists announced are under 30. But these include names that have
had considerable success in the salerooms over recent months, such as Oscar
Murillo, Jacob Kassay, Ryan Sullivan and Hugh Scott-Douglas.
The last word goes to Thierry Ehrmann, chairman and founder of Artprice: "This
41st FIAC is opening under the best possible auspices."
According to Artprice's Annual Report on the Contemporary Art Market, published
just a few days ago, revenues from public sales of contemporary art (artists
born after 1945) have exceeded $2.046 billion (?1.5 billion): an increase of
40% compared with the previous period (+34.3% in euros), making it the best year
in its history.
Over the decade, turnover has grown by 1,078% and prices by 70%.
About Artprice:
Artprice is the global leader in art price and art index databanks. It has over
30 million indices and auction results covering more than 550,000 artists around
the world. Artprice Images(R) gives unlimited access to the largest Art Market
resource in the world: a library of 108 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 4,500
auctioneers and it publishes a constant flow of art market trends for the
world's principal news agencies and approximately 6,300 international press
publications. For its 3,200,000 members (members log in), Artprice gives access
to ads posted by members. This space represents the world's leading Standardised
Marketplace® for buying and selling art. These sales take place under two
systems: either fixed price sales or auction-sales (regulated by paragraphs 2
and 3 of Article L 321.3 of the French Code of Commerce).
Artprice is listed on the Euronext Paris SRD L.O. (Euroclear: 7478 - Bloomberg:
PRC - Reuters: ARTF)
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Contact : Josette Mey : e-mail : ir(at)artprice.com
Press release (PDF):
http://hugin.info/155852/R/1862820/653591.pdf
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Unternehmensinformation / Kurzprofil:
Datum: 14.10.2014 - 13:37 Uhr
Sprache: Deutsch
News-ID 343850
Anzahl Zeichen: 8741
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