{"id":23012,"date":"2021-04-26T10:17:16","date_gmt":"2021-04-26T10:17:16","guid":{"rendered":"https:\/\/www.artrights.me\/art-tech-report-di-artnet-2021\/"},"modified":"2021-04-26T10:39:33","modified_gmt":"2021-04-26T10:39:33","slug":"art-tech-report-by-artnet-2021","status":"publish","type":"post","link":"https:\/\/artrights.davidebaldi.com\/en\/art-tech-report-by-artnet-2021\/","title":{"rendered":"Art & Tech Report by Artnet 2021"},"content":{"rendered":"\n

Art & Tech Report by Artnet 2021<\/strong><\/h2>\n\n\n\n

Platform Artnet has released the latest edition of its Intelligence Report, which offers a glimpse of what the art market will look like when it comes out of lockdown.\u00a0<\/strong><\/strong><\/p>\n\n\n\n

The latest edition of the Art & Tech Report <\/strong><\/a>produced by Artnet in collaboration with Artnet Price, <\/strong><\/a>which brings some optimism in a very difficult period for the evolving art market.<\/p>\n\n\n\n

Despite the pandemic, the art market seems to have withstood the global economic crisis <\/strong><\/a>thanks to the sector’s digitization <\/strong>process which, although late and non-strategic, has required major investments to avoid collapse.<\/p>\n\n\n\n

The Report reports that total sales volume of $10.1 billion <\/strong>was down a modest 25% <\/strong>from 2019.<\/p>\n\n\n\n

China <\/strong>has officially overtaken the United States as the largest auction market in the world<\/strong>, worth over $3.4 billion<\/strong>. In fact, in 2020, China saw a very small decline of 0.1%, <\/strong>while the US and UK saw losses of around 35%<\/strong>.<\/p>\n\n\n\n

Sotheby’s <\/strong><\/a>surpassed rival Christie‘s in <\/strong><\/a>art sales, grossing $2.7 billion <\/strong>in 2020, while Christie’s came in at $2.4 billion <\/strong>with 40% less revenue than in 2019. Sotheby’s was down 28% <\/strong>and Phillips was down 19%<\/strong>.<\/p>\n\n\n\n

Unprecedented results are coming from the online art market<\/strong>, especially those related to auctions<\/a>: Christie’s, Sotheby’s and Phillips <\/strong>recorded a total of $1 billion in online sales alone in 2020<\/strong>, or +1,056% from 2019<\/strong>.<\/p>\n\n\n\n

$35,698 <\/strong>is the average price of an artwork <\/strong>sold at auction in 2020, the lowest figure in eight years. What happened?<\/strong><\/p>\n\n\n\n

Online sales have increased, but nevertheless collectors have been cautious about buying online <\/strong>because they are not yet 100% confident in the security <\/strong>and transparency <\/strong>of the digital marketplace.<\/p>\n\n\n\n

Also significant is the growth – as reported in the Artnet Report – of the market for “ultra contemporary” art, <\/strong>i.e. that produced by artists born after 1974, which recorded an increase in sales <\/strong>of 32.5%<\/strong>. In first place in the ranking of the best-selling young artists is Adrian Ghenie <\/strong><\/a>with his work “Lidless Eye” which <\/em>sold for $7,086,543<\/strong>.<\/p>\n\n\n\n

The Contemporary art market <\/strong>also performed well: four of the ten best-selling Contemporary artworks <\/strong>were by Chinese artists<\/strong>. In first place among the best-selling Contemporary artists was Zeng Fanzhi<\/strong>, followed by Peter Doig, Jean-Michel Basquiat and Yoshitomo Nara.<\/strong><\/p>\n\n\n\n

Post-War <\/strong>art also remained stable: in first place was Roy Lichtenstein ($46,242,500), followed by David Hockney ($41,067,500) and Cy Twombly ($38,685,000).<\/strong><\/p>\n\n\n\n

There is a slight increase in the number of women <\/strong>among the 100 best-selling artists at auction in 2020: there are eight<\/strong>, just one more than in 2019. Among them, the top sellers are Joan Mitchell, Yayoi Kusama and Tamara de Lempicka<\/strong>.<\/p>\n\n\n\n

The great revelation of 2020 was <\/strong>the artist, represented by Pace Gallery<\/a>, Robert Nava<\/strong><\/a>, harshly criticized for his “unproductive” art but insanely loved by collectors <\/strong>willing to spend incredible sums on his paintings: “The Tunnel” (2019) <\/strong>estimated between $40,000 and $60,000 sold for $162,500.<\/strong><\/p>\n\n\n\n

And you, are you ready to discover Artnet’s Art&Tech Report 2021?<\/em><\/p>\n\n\n\n

Photo Credits: Boston Globe via Getty Images<\/p>\n\n\n\n

<\/h3>\n","protected":false},"excerpt":{"rendered":"

The Artnet platform has published the latest edition of the Intelligence Report which offers a taste of the post lockdown art market<\/p>\n","protected":false},"author":4,"featured_media":23009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[252],"tags":[1409,751,451,361],"class_list":{"0":"post-23012","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-art-world-en","8":"tag-art-market-2-en","9":"tag-case-dasta-en","10":"tag-christies-en","11":"tag-sothebys-en"},"yoast_head":"\nArt & Tech Report by Artnet 2021 - Art Rights Magazine<\/title>\n<meta name=\"description\" content=\"The Artnet platform has published the latest edition of the Intelligence Report which offers a taste of the post lockdown art market\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/artrights.davidebaldi.com\/en\/art-tech-report-by-artnet-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2021 Art & Tech Report by Artnet | Art Rights Magazine\" \/>\n<meta property=\"og:description\" content=\"The Artnet platform has published the latest edition of the Intelligence Report which offers a taste of the post lockdown art market\" \/>\n<meta property=\"og:url\" content=\"https:\/\/artrights.davidebaldi.com\/en\/art-tech-report-by-artnet-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Art Rights | Proteggi & Valorizza la tua Arte\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/artrights.me\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-26T10:17:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-26T10:39:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/artrights.me\/wp-content\/uploads\/2021\/04\/GettyImages-1173401924.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1372\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"redazione\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@artrights\" \/>\n<meta name=\"twitter:site\" content=\"@artrights\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"redazione\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/artrights.davidebaldi.com\/en\/art-tech-report-by-artnet-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/artrights.davidebaldi.com\/en\/art-tech-report-by-artnet-2021\/\"},\"author\":{\"name\":\"redazione\",\"@id\":\"https:\/\/artrights.me\/#\/schema\/person\/301ec751f15311d1b793b5e06c87fc00\"},\"headline\":\"Art & Tech Report by Artnet 2021\",\"datePublished\":\"2021-04-26T10:17:16+00:00\",\"dateModified\":\"2021-04-26T10:39:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/artrights.davidebaldi.com\/en\/art-tech-report-by-artnet-2021\/\"},\"wordCount\":470,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/artrights.me\/#organization\"},\"image\":{\"@id\":\"https:\/\/artrights.davidebaldi.com\/en\/art-tech-report-by-artnet-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/artrights.davidebaldi.com\/wp-content\/uploads\/2021\/04\/GettyImages-1173401924.jpeg\",\"keywords\":[\"art market\",\"case d’asta\",\"Christie\u2019s\",\"Sotheby\u2019s\"],\"articleSection\":[\"Art World\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/artrights.davidebaldi.com\/en\/art-tech-report-by-artnet-2021\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/artrights.davidebaldi.com\/en\/art-tech-report-by-artnet-2021\/\",\"url\":\"https:\/\/artrights.davidebaldi.com\/en\/art-tech-report-by-artnet-2021\/\",\"name\":\"Art & Tech Report by Artnet 2021 - 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