Artprice: the Art Market snaps up the new ‘Classics of Contemporary Art’

Art Press Agency

The Art Market might have seemed a little hungover in early 2019… in need of some event that would reassure everyone… and that’s exactly what New York’s prestige sales did last week. The results proved that the hammer prices recorded in Q1 in London, notably for David Hockney and Claude Monet, as well as in Hong Kong for Zhang Daqian and Kaws, reflect a new paradigm that is generally favorable for the global Art Market as a whole.

Evolution of the record auction price for a living artist Collective work thierry Ehrmann - The Abode of Chaos (Right)Evolution of the record auction price for a living artist
Collective work thierry Ehrmann – The Abode of Chaos (Right)

thierry Ehrmann, Artprice’s founder/CEO, is delighted: “Within just five days, Christie’s, Sotheby’s, Phillips and Bonhams organized 16 sales in New York generating a total turnover of $2.06 billion! François Pinault’s organisation achieved the best performance thanks to a Post-War & Contemporary Art evening sale that alone took $539 million from just 51…

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