PARIS, March 2, 2021 /PRNewswire/ -- Artprice's
blue-chip artists index, the Artprice100©, actually grew
by 1.8% over the past year… a year marked by the almost
complete absence of international fairs, but also by the forced
transition of galleries and auction houses to a digital modus
operandi. And yet… the price of the Art Market's top one
hundred artists (by auction turnover) continued to climb, taking
its total growth since 2000 to +405%.
thierry Ehrmann, President and Founder of Artmarket.com and of
its Artprice Department: "The resilience of the Art Market in
times of crisis is perfectly illustrated by the evolution of our
Top-100 benchmark index. The positive performance of
the Artprice100 © in 2020, although modest, is
extremely reassuring. True... it doesn't compare well with the
US stock markets (the S&P 500 posted a sensational growth of
+16% last year, rising from 3,234 pts to 3,756 pts in twelve
months."
While the construction of the Artprice100© is
inspired by that of the S&P 500, the two indices nevertheless
remain profoundly different and should be compared with
caution.
Artprice100© versus S&P 500: warning!
The Artprice100© is designed as a portfolio of
artworks representing the one hundred most important artists on the
art market (see the composition below). It's a purely
theoretical exercise. It is clearly not possible to acquire
a share in all the works by an artist that will be auctioned in the
coming year. In fact, no-one can even predict which works will hit
the secondary market over the next twelve months. But the results
as a whole provide an excellent appreciation of the general price
evolution for each of these artists.
The composition of the Artprice100© index is based on
purely objective criteria. It is established on 1 January of each
year on the basis of two criteria, both resolutely independent of
any personal preference: a performance criterion and a liquidity
criterion. The initial investment is thus made in proportion to
the auction performances of the artists over the last five calendar
years (2015-2019), on condition, however, that their works are
exchanged regularly: at least seven auction appearances per
year over a ten-year period (excluding prints).
Analysis of the composition
There are two good reasons for calculating a specific price
index for a set of top-selling artists: firstly it allows the
analysis of the performance of a well-diversified portfolio,
constructed objectively on the basis of the auction results for
well-established artists. Secondly, it allows observation of the
evolution of the 100 artists who constitute the veritable hardcore
of the global Art Market.
Pablo Picasso remains the
portfolio's dominant artist with a weight of 8.8% in the initial
investment. On the basis of all original works by Picasso sold at
auction in 2020, Artprice calculates that his price index increased
overall by +2.2% in the twelve months of 2020. This result is
perfectly consistent with the overall evolution of the
Artprice100©.
Picasso is one of 45 Modern artists included in the composition
of the 2020 index. This period of creation is by far the most solid
segment of the art market and it represents approximately half of
the initial investment.
As in 2019, only four female artists have qualified for
inclusion in the composition of the Artprice100© in
2020: Yayoi Kusama, Joan Mitchell, Louise
Bourgeois and Barbara
Hepworth. They account for just 3.3% of the portfolio's
total value. On the other hand, the number of living artists
has increased significantly, thanks to the 'entry' of seven active
painters, with only three 'departures' from the composition.
Entries (living artists) ; Lee Ufan, Zhou Chunya,
Rudolf Stingel, Zhang Xiaogong,
Yoshitomo Nara, Takashi Murakami,
Zeng Fanzhi
Departures (living artists) ; Günther Uecker,
Frank Auerbach, Michelangelo
Pistoletto
Composition of Artprice100© on 1 January 2020 (Rank, Initial weight,
Period)
- Pablo PICASSO (1881-1973) ; 8.8% - Modern
- Andy WARHOL (1928-1987) ; 5.0% - Post-War
- Claude MONET (1840-1926) ; 4.7 % - 19th Century
- Jean-Michel BASQUIAT (1960-1988) ; 3.6% - Contemporary
- QI Baishi (1864-1957) ; 3.5% - Modern
- ZAO Wou-Ki (1921-2013) ; 3.3% - Post -War
- Gerhard RICHTER (1932-) ; 2.8% - Post-War
- WU Guanzhong (1919-2010) ; 2.4% - Modern
- FU Baoshi (1904-1965) ; 2.4% - Modern
- Amedeo MODIGLIANI ( 1884-1920) ; 2.2% - Modern
- Roy LICHTENSTEIN (1923-1997) ; 2.0% - Post-War
- Cy TWOMBLY (1928-2011) ; 1.9% - Post-War
- Alberto GIACOMETTI (1901-1966) ; 1.9% - Modern
- Lucio FONTANA (1899-1968) ; 1.8% - Modern
- Marc CHAGALL (1887-1985) ; 1. 7% - Modern
- Alexander CALDER (1898-1976) ;
1.7% - Modern
- Joan MIRO (1893-1983) ; 1.6% - Modern
- Willem DE KOONING (1904-1997) ; 1.6% - Modern
- David HOCKNEY (1937-) ; 1.5% - Post-War
- Yayoi KUSAMA (1929-) ; 1.5% - Post-War
- Jean DUBUFFET (1901-1985) ; 1.4% - Modern
- René MAGRITTE (1898-1967) ; 1.4% - Modern
- Henri MATISSE (1869-1954) ; 1.4% - Modern
- Fernand LÉGER (1881-1955) ; 1.2% - Modern
- Christopher WOOL (1955-) ; 1.2% - Contemporary
- Wassily KANDINSKY (1866-1944) ; 1.1% - Modern
- SAN Yu (1901-1966) ; 1.1% - Modern
- Jeff KOONS (1955-) ; 1.0% - Contemporary
- Henry MOORE (1898-1986) ; 1.0% - Modern
- Peter DOIG (1959-) ; 0.9% - Contemporary
- Paul GAUGUIN (1848-1903) ; 0.9% - 19th Century
- Joan MITCHELL (1926-1992) ; 0.9% - Post-War
- LIN Fengmian ( 1900-1991) ; 0.8% - Modern
- Ed RUSCHA (1937-) ; 0.8% - Post-War
- Yoshitomo NARA (1959-) ; 0.8% - Contemporary
- Pierre-Auguste RENOIR (1841-1919) ; 0.8 % - 19th Century
- CHU Teh-Chun (1920-2014) ; 0.8% - Post-War
- Edgar DEGAS (1834-1917) ; 0.7% - 19th Century
- Auguste RODIN (1840-1917) ; 0.7% - 19th Century
- PU Ru (1896-1963) ; 0.7% - Modern
- Robert RAUSCHENBERG (1925-2008) ; 0.7% - Post-War
- Richard PRINCE (1949-) ; 0.6% - Contemporary
- Rudolf STINGEL (1956- ) ; 0.6% - Contemporary
- Frank STELLA (1936-) ; 0.6% - Post-War
- Sigmar POLKE (1941-2010) ; 0.6% - Post-War
- Camille PISSARRO (1830-1903) ; 0.6% - 19th Century
- Louise BOURGEOIS (1911-2010) ; 0.6% - Modern
- Whan-Ki KIM (1913-1974) ; 0.6% - Modern
- Paul SIGNAC (1863-1935) ; 0.6% - Modern
- Yves KLEIN (1928-1962) ; 0.6% - Post-War
- Keith HARING (1958-1990) ; 0.5% - Contemporary
- Richard DIEBENKORN (1922-1993) ; 0.5% - Post-War
- Pierre SOULAGES (1919-) ; 0.5% - Modern
- George CONDO (1957-) ; 0.5% - Contemporary
- Norman Perceval ROCKWELL (1894-1978) ; 0.5% - Modern
- WU Hufan (1894-1968) ; 0.5% - Modern
- Alberto BURRI (1915-1995) ; 0.4% - Modern
- Gustav KLIMT (1862-1918) ; 0.4% - Modern
- ZENG Fanzhi (1964-) ; 0.4% - Contemporary
- Egon SCHIELE (1890-1918) ; 0.4 % - Modern
- Damien HIRST (1965-) ; 0.4% - Contemporary
- Ernst Ludwig KIRCHNER (1880-1938) ; 0.4% - Modern
- Chaïm SOUTINE (1894-1943) ; 0.4% - Modern
- Fernando BOTERO ( 1932-) ; 0.4% - Post-War
- Edvard MUNCH (1863-1944) ; 0.4% - Modern
- Pierre BONNARD (1867-1947) ; 0.4% - Modern
- Kazuo SHIRAGA (1924-2008) ; 0.4% - Post-War
- WEN Zhengming (1470-1559) ; 0.4% - Old Master
- ZHOU Chunya (1955-) ; 0.4% - Contemporary
- Morton Wayne THIEBAUD (1920-) ; 0.4% - Post-War
- Georg BASELITZ (1938-) ; 0.4% - Post-War
- Salvador DALI (1904-1989) ; 0.4% - Modern
- Tsuguharu FOUJITA (1886-1968) ; 0.4% - Modern
- François-Xavier LALANNE (1927- 2008) ; 0.4% - Post-War
- SHI Tao (1642-c.1707) ; 0.4% - Old Master
- DONG Qichang (1555-1636) ; 0.4% - Old Master
- Max ERNST (1891-1976) ; 0.4 % - Modern
- Sam FRANCIS (1923-1994) ; 0.4% - Post-War
- Georges BRAQUE (1882-1963) ; 0.4% - Modern
- Maurice DE VLAMINCK (1876-1958) ; 0.4% - Modern
- Bernard BUFFET (1928-1999) ; 0.4% - Post-War
- Peter Paul RUBENS (1577-1640) ; 0.4% - Old Master
- Ufan LEE (1936-) ; 0.4% - Post-War
- Francis PICABIA ( 1879-1953) ; 0.3% - Modern
- Barbara HEPWORTH (1903-1975) ; 0.3% - Modern
- Albert OEHLEN (1954-) ; 0.3% - Contemporary
- Anselm KIEFER (1945-) ; 0.3% - Contemporary
- Giorgio MORANDI (1890-1964) ; 0.3% - Modern
- Alighiero BOETTI (1940-1994) ; 0.3% - Post-War
- Robert MOTHERWELL (1915-1991) ; 0.3% - Modern
- TANG Yin (1470- 1523) ; 0.3% - Old Master
- GUAN Liang (1900-1986) ; 0.3% - Modern
- Martin KIPPENBERGER (1953-1997) ; 0.3% - Contemporary
- Takashi MURAKAMI (1962-) ; 0.3% - Contemporary
- Donald JUDD (1928-1994) ; 0.3% - Post-War
- CHEN Yifei (1946-2005) ; 0.3% - Contemporary
- ZHANG Xiaogang (1958-) ; 0.3% - Contemporary
- Tom WESSELMANN (1931-2004) ; 0.3% - Post-War
- David SMITH (1906-1965) ; 0.3% - Modern
- Josef ALBERS (1888-1976) ; 0.3% - Modern
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[https://imgpublic.artprice.com/img/wp/sites/11/2021/03/Artprice100-periods-2.png]
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