Artprice Publishes "The Art Market in 2013"

Artprice has just released its 100+ page review of the art market during 2013.  It claims 2013 was the best year ever recorded in auction history.  Click HERE to download the report.

I have yet to read the report as I am having modem issues and downloads are spotty, but it should contain much interesting market content which can be used for market analysis in appraisal reports.

Artprice reported on the publication

As Artprice had sensed, and indeed written, during 2013, this was indeed the best year ever recorded in auction history (over $12 billion), and the best sale ever for Christie’s in its 247 year-old history – achieved in addition for post-war and contemporary art, with an absolute record for a hammer price: $127 million. This went to a work by the British artist Francis Bacon. 2013 was marked by nearly 15,000 new records for artists, and over 23,000 if first bids are included.

This splendid year was shored up by a globalised demand, particularly with buyers from Asia, the Middle East and Russia, who played a crucial role in the market's fine performance, and displayed a voracious appetite for flagship artists of the 20th century, landing them in a spate of records.

Source: Artprice