Artprice by Art Market: H2 2019 Begins With Very Positive Signals
Fine Art

Artprice by Art Market: H2 2019 Begins With Very Positive Signals

PARIS, Sept. 26, 2019 /PRNewswire/ — The 17.4% contraction in global art auction turnover in H1 2019 has highlighted the new disequilibrium between declining supply and ever stronger demand, especially for Modern Art masterpieces. Meanwhile… Sotheby’s Q2 2019 financial report (one of its last before the company is delisted) clearly points to rising operating costs. In short… the major auction operators urgently need to adopt strategies capable of perpetuating the growth of the Art Market (which essentially began half a century ago) by greatly enhancing the circulation of works and substantially reducing transaction costs. Nyoman Masriadi – Online (2013) © Courtesy of the artist. $575,500 – 33 Auction Jakarta – 9 Sept. 2019 thierry Ehrmann, founder/CEO of Artprice, observes that, " the first results of the second semester already suggest the outlines of a new Art Market structure – a configuration that facilitates greater exchanges on a global scale and focuses much more on online sales ." Christie’s kicks off the season in China The world’s biggest art auction operator on the planet opened the second half of 2019 with a major Fine Art session in Shanghai. Benefiting from the absence of its Anglo-Saxon rivals in mainland China (since […]

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