Beautiful Asset Advisors/Mei Moses Reports on IMPMOD & PWC Sales

2011 April Monthly Tracking Values for Mei Moses World All Art Index

Beautiful Asset Advisors/Mei Moses Fine Art Indexes has just released a financial analysis of the May impressionist and modern and post war and contemporary sales held in New York a short while ago.

There has been a lot of press recently about the sales, many reporting varying degrees of success.  On May 8th I posted about taking a second look at the impressionist and modern sales based upon a press release by BAA showing the compound annual returns were actually very good from a financial perspective. This BAA IMPMOD  has been reported well in the press, being quoted in a Wall Street Journal article and Reuters article (click each link to read).

BAA has now added a second analysis report on the Post War and Contemporary sales in New York.  I highly recommend fine art appraisers download, read and analyze these reports.  They shed a very strong light on what is happening in the art market while using a repeat sale methodology. 

BAA reports to readers:

We have just completed an analysis of the financial returns achieved at the May impressionist and modern (IMPMOD) and post war and contemporary (PWC) New York sales. We take the perspective of the returns achieved by individual works of art rather than the more usual individual sale price and total revenue perspective reported by the media. We feel that the returns should be of interest to owners of art while total revenue is of interest to the owners of the auction houses. Press releases covering the two sales are available for all on our home page of our website while more detailed reports are available for our gold members at the special studies tab on the market insights page.

As an additional May sale insight we report that Andy Warhol was the PWC artist with the most sold lots with prior auction price information. These 15 lots yielded a spectacular average compound annual return of 20.9 % with an average auction interval of 9.6 years. By comparison, Pablo Picasso was the IMPMOD artist with the most sold lots with prior auction price information. These 10 lots yielded an average compound annual return of 10.5% with an average auction interval of 11.2 years. Both artists outperformed their individual collecting category historical returns but it is clear that Warhol continues to be the reigning returns champion of all high auction activity artists.

In addition we have also posted on the home page a new graph for our world all art index which shows a 2.7% increase over year end 2010 results.(see above graph)

Click HERE to read the IMPMOD May analysis, click HERE to read the PWC analysis, and click HERE to read the World All Art report, or visit the BAA site and click under press releases.