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Artprice global indices show the strength of contemporary art and drawing in 2020

Artprice global indices show the strength of contemporary art and drawing in 2020
Artprice Global Indices (in USD)
PARIS
.- As at 1 January 2021, the Artprice Global Indices are stronger actually stronger than twelve months earlier when the health crisis was still (almost) unthinkable. Six months ago no-one would have predicted such an outcome! In reality, the art market reacted quickly to the lockdown measures with auction houses slowing their high-end activities; but the overall intensity of trading remained extremely high and the unsold rate remained perfectly stable. The Contemporary Art price index even shows an extraordinary 48% increase.
Thierry Ehrmann, President and Founder of Artmarket.com and its Artprice department: "the works that were resold at auction in 2020 generally fetched better prices. Two segments in particular stood out: works on paper (+55%) and Contemporary Art (+48%). However, you have to take into account the method used to calculate our indices and anticipate the fact that they tend to flatten naturally over time".

Weston-super-mare , North-somerset , United-kingdom , Paris , France-general , France , Chicago , Illinois , United-states , London , City-of , Grande-vall

ARTMARKET.COM: Artmarket.com: Artprice Global Indices show the strength of Contemporary Art and Drawing in 2020: both segments adapted particularly well to rapid digitization

(1)
As at 1 January 2021, the Artprice Global Indices are stronger actually stronger than twelve months earlier when the health crisis was still (almost) unthinkable. Six months ago no-one would have predicted such an outcome! In reality, the art market reacted quickly to the lockdown measures with auction houses slowing their high-end activities; but the overall intensity of trading remained extremely high and the unsold rate remained perfectly stable. The Contemporary Art price index even shows an extraordinary 48% increase.
Artprice Global Indices (in USD)
Image: [ https://imgpublic.artprice.com/img/wp/sites/11/2021/01/Artprice-Global-Indexes-Update-2020.png ]
thierry Ehrmann, President and Founder of Artmarket.com and its Artprice department: "the works that were resold at auction in 2020 generally fetched better prices. Two segments in particular stood out: works on paper (+55%) and Contemporary Art (+48%). However, you have to take into account the method used to calculate our indices and anticipate the fact that they tend to flatten naturally over time".

New-york , United-states , Weston-super-mare , North-somerset , United-kingdom , France , Chicago , Illinois , London , City-of , Grande-vall , Raqib-shaw