Contmporary Desing Market Report

Fellow appraiser Judith Vance sent me information from a blog post about ArtTactic adding a contemporary design market price index to its art tracking databases.  The index and results of the survey are available or ArtTactics site for a fee of $75.00.

The report shows mixed results, with the market price index increasing, and total value dropping.  I posted on some of the mixed results on the AW Blog about the Christie's and Phillilps sales.  Interesting to see the market is being driven by the top 10 designers.

ArtTactic released the following information from the Contemporary Design report.

* The ArtTactic Contemporary Design Market Price Index has experienced a recovery of 17.6% in 2010.
* Total value of Contemporary Design is down 18% for the first half of 2010, compared to the same period last year. This is largely a result of Christie's focus on early 20th century design, with no significant contemporary design material sold in 2010.
* Phillips de Pury becomes the leading house for Contemporary Design, with 68% market share for the first half of 2010.
* The top 10 designers account for 67.6% of the total auction turnover of contemporary design. The rest is shared among approximately 270 designers that have come to auction since 2006.
* Marc Newson defines the top end of the Contemporary Design auction market, with a 24% share of the total contemporary design value. One of his 'Lockheed Lounge' chairs sold for a record $1.8 million in May 2010.

To view portions of and order the ArtTactic Contemporary Design report click HERE.