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Contemporary art trends and news from Asia and beyond

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    Art Radar Asia News conducts original research and scans global news sources to bring you selected topical stories about the taste-changing, news-making and the up and coming in Asian contemporary art.

Posts Tagged ‘Artprice’

Asian artists overwhelm Artprice list of top ten artists under thirty

Posted by artradar on October 19, 2010


EMERGING YOUNG ASIAN ARTISTS

The “Alternate-Friday Top Series” is a series of lists, produced fortnightly by Artprice, which provide artist ranking on various themes. The September 10th edition lists the top ten artists aged under thirty that have achieved the highest auction results in the first half of this year. Asian artists overwhelm artists from other areas and we name them here.

Artprice has listed ten artworks by eight artists, Peng Si and Kao Yu appear twice in the list, and of those ten, nine have been created by artists from Asia. The number one spot, however, goes to an artwork by American Dash Snow.

As Artprice summarises, “What do these artists from such different backgrounds and cultures have in common? They have all managed to carve a place in the art market before reaching their thirtieth year, have all exhibited their work in numerous exhibitions … and all have plenty of potential to continue their artistic careers.”

Peng Si (ranked 2 and 3 out of 10)

Peng Si, a Chinese artist based in Beijing, holds second and third ranking, with Portrait of a Man in Red (2006) and Portrait of a Man in Yellow (2006) which sold for USD51,359 and USD48,791 respectively at Christie’s May 2010 sales in Hong Kong (Asian contemporary art). Peng Si produces oil paintings that have a dreamlike quality, mixing classical Chinese imagery, while equally expressing a unique modern value.

Si Peng, 'Portrait of a Man in Red', 2006, oil on canvas, 188 x 118 cm. Image taken from www.artnet.com.

Peng Si, 'Portrait of a Man in Red', 2006, oil on canvas, 188 x 118 cm. Image taken from artnet.com.

Erinç Seymen (ranked 4 out of 10)

Erinç Seymen, a Turkish artist who lives and works in Istanbul came fourth. His Untitled (2010) fetched USD32,306 at Sotheby’s in London in April’s sale (2010). The work combines car paint, aluminium, steel and fibreglass and represents a pink butterfly with a body in the form of a grenade. Untitled (2008) and Civilian (2006) bear the same pink tonality.

Yang Na (ranked 5 out of 10)

Chinese artist Yang Na’s Gold Coined Hibernation (2008) (acrylic on canvas), sold under the hammer for USD31, 381, at 33 Auction in Singapore in May, 2010.  Yang Na is part of the new wave of artists that grew up during rapid economic expansion in China, becoming exposed to a technological world of new media. The art communicates the artist’s experience of this technology and media.  She often creates simplified characters, with exaggerated features that lie between the metaphysical and irreality.

Yang Na, 'Gold Coined Hibernation', 2008, acrylic on canvas, 150 x 150 cm. Image taken from artnet.com.

Kao Yu (ranked 6 and 9 out of 10)

Chinese artist Kao Yu, takes third and ninth place in the rank, Love Tear Gas (2004) fetched USD30,217 in June, 2010 at the Shanghai Hosane Auction Co. and Ultimate Taste of Capitalism (2009) fetched USD23,038 in April, 2010 at Phillips de Pury in London.

Zakaria Ramhani (ranked 7 out of 10)

Zakaria Ramhani, a Moroccan artist holds seventh place with Faces of the Other (2008) that fetched USD30, 000 at Christie’s April, 2010 sale in Dubai. Living and working in Tangier and Montreal, he uses his mother tongue and the language of the Other, French. Moving between speaking the two languages  inspired him to create visual and audio portraits. The portraits explore human identity, investigating issues of self and other by establishing a dialogue between painting, writing and sound.

Zakaria Ramhani, 'Faces of the Other' (2008), acrylic on canvas, 240 x 200 cm. Image taken from http://www.menasart-fair.com.

Noriko Yamaguchi (ranked 8 out of 10)

Noriko Yamaguchi, a Japanese artist, holds ninth position in the rank. The three telephone girls Keitai girl suit 3 (old model) Keitai girl suit 4 (silver) Keitai girl suit 5 (white and red) fetched USD25 679 in Christie’s Hong Kong in May, 2010. The “Keitai Girls” are futuristic archetypes that explore the future development with the human body and its interaction with technology.

Ariadhitya Pramuhendra (ranked 10 out of 10)

The final artist on the list is emerging Indonesian artist Ariadhitya Pramuhendra. Memorable 2 (2008) fetched USD21,827 in May, 2010 at Christie’s in Hong Kong. The charcoal portrait on canvas reflects his continual questioning of his religious, social and art world identities.

AN/KN/HH

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Making the art market transparent – the Artprice story video

Posted by artradar on April 25, 2009


ART MARKET DATABASE

If you are interested in how the internet is transforming the art market, you will be fascinated by this video which tells the nuts and bolts story of developing and running an auction price database.

artprice_index

By making price and artist information available in many languages to a global audience, anyone for the price of a US$50 a month or so can have at their fingertips expertise which was only available to the initiatiated as recently as the 1980s. Art and social historians concur that art price databases have played a powerful role in democratising the art market.

Although it already has 1.3 million subscribers and an image database of more than 115 million works, Artprice, the leading European art price database, is just at the beginning of what will be an extraordinary story in the twenty first century, promises its founder. A collector by heritage and an entrepreneur by nature, he tells of his passion and obsession for Artprice.

Hear his story and take a look behind the scenes in quirky black-washed, poster-pasted offices in France to see how its 50 employees bring  up to date auction data every day to millions of daily visitors.

Artprice revolutionises the art world video

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Posted in Auctions, Market transparency, Market watch, Overviews, Videos | Tagged: , , , | Leave a Comment »

Artprice launches web-based art collection management and valuation service free to subscribers

Posted by artradar on February 17, 2009


ART MANAGEMENT  VALUATION

Free asset valuation and management tools are ubiquitous in the financial sector and it was just a matter of time before similar offerings were released by art service companies.

Artprice offers automatic valuations of collectors’ portfolios using a tool which draws prices from its database. It remains to be seen how well this works as credible valuations of comparatively illiquid and non-homogenous art assets require judgment which, one would imagine, is beyond the capabilities of technology. But we are ready to be wrong. If any readers have tried the service, feel free to leave your comments below.

From the press release:

Artprice launches My Art Collection, the first free and confidential art portfolio management service. This service, now available to Artprice’s 1,300,000 subscribers is available…for professional or amateur art collectors anywhere in the world. However much you spend on art, the value of your collection is evolving at an ever-faster pace as the art market becomes increasingly sensitive to economic and geopolitical events. With Artprice’s unique and free service My Art Collection, you can follow the value evolution of your collection as a whole with regular revaluations for each of the works in the portfolio.

Using a simple tool that takes full advantage of Artprice’ knowledge in the sector as world leader in art market information, collectors can follow the financial value of their works and their portfolios at just a glance.

This exclusive service enables Artprice subscribers to take full advantage of their immediate access to Artprice’s leading standardised marketplace and to buy or sell elements in their collections in reaction to market fluctuations.

Moreover, in just a couple of clicks, Artprice subscribers can access the pay-service Artpricing: within 48 hours, our analysts (art historians, professionals and econometricians) can provide updated valuation of works. Artprice subscribers can also access the Artprice databases which contain more than 25 million auction results, indices and price statistics for over 405,000 artists.

In addition, this portfolio valuation service will give our subscribers access to online insurance services with quotes calculated in real time by Artprice and its art insurance partners, thereby accelerating the notion of an immediate financial guarantee of their works.

Related categories: collectors, market watch

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Posted in Art Index, Collectors, Market watch, Services | Tagged: , , , , , | 1 Comment »

Which are the top 10 international contemporary art fairs?

Posted by artradar on January 22, 2009


ART FAIRS

The top ten art fairs in the world attracting the largest numbers of galleries are:

1. Art Basel, which is by far the leader with 304 exhibitors, followed by

2. Art Basel Miami (248 galleries),

3. Art Cologne (191),

4. Fiera di Bologne (165),

5. ARCO (164) in Madrid

6. Art Chicago (158),

7. the Armory Show (158 galleries) in New York,

8. MiArt (156) in Milan,

9. the Frieze Art Fair (150) in London and

10. the FIAC (149 galleries) in Paris.

“In statistical terms there is a relationship between the reputation or prestige of the fairs and their size. At the other end of the ranking, the small fairs only attract a dozen or several dozen exhibitors (e.g. Glasgow Art Fair, Art Paris Abu Dhabi and Print Basel)” says Professor Quemin of Paris University.

Artprice, the French auction price database company has produced a report Contemporary Art Market 2007/2008 in which Alain Quemin, Professor of Art Sociology at Paris University analyses 51 Art Fairs selected by Artprice and their 4658 gallery participations to produce this list.

Artprice report Contemporary Art Market 2007/2008 This 99 page report is free to download and contains information about auction, fair and geographical trends and artist prices for the year to June 30 2008.

Related categories:  art fairs, market watch

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Posted in Fairs, Market watch, Overviews | Tagged: , , , , , | 1 Comment »

Iranian art market booms for younger artists – Artprice

Posted by artradar on September 7, 2008


Farhad Moshiri Eshgh

Farhad Moshiri Eshgh

 

 

IRANIAN ART MARKET

“The vitality of the Middle-Eastern market is giving a number of young Iranian artists a healthy price index on the secondary art market” says Artprice’s online magazine Art Market Insight.

In October 2007, at only his second auction appearance, Christie’s Dubai generated a bid of $50,000 for a painting by Afshin PIRHASHEMI (born 1974) entitled Those Four Days.  Just a month earlier in Paris, Artcurial sold his painting Memory for 6,000 euros and by  April 2008 his triptych ‘Lonely’ created in 2005 commanded an astounding price of $110,000 at Christie’s in Dubai.

The work of two young Iranian women are beginning to command attention: Shirin ALIABADI and Shadi GHADIRIAN (born in 1973 and 1974 respectively) create works inspired by the challenges facing women. Shadi Ghadirian’s photos show veiled women with contemporary objects and her most famous piece, Stereo, sold for £9,000 (over $18,000) in 2007 at Sotheby’s in London.

Stimulated by developments in the art market infrastucture including the introduction of art fair, Art Dubai in 2007 and the appearance of auction houses (Christies 2006, Bonhams 2008), contemporary artists from Tunisia, Egypt, Morocco, Lebanon and Iran have seen increasing attention and price inflation.

Iranian Contemporary Art - Rose Issa - buy

'Iranian Contemporary Art' by Rose Issa - click to buy book

Shirin Neshat

and Farhad Moshiri are two artists who are now well known on the international art scene. Farhad Moshiri became the highest selling Iranian artist when his 2 metre high bronze work ‘The Wall (Oh Persepolis)’ fetched no less than $2.5 million at Christies Dubai in April 2008 trouncing its estimate of $400,000-600,000. Farhah Moshiri is best known for his jewel art pieces in which he covers objects or makes images with fine layers of gold or Swarowski crystals.

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