Artprice

the 2013/2014 Contemporary Art Market Report is now online

thierry Ehrmann, the CEO and founder of Artprice: Artprice.com is pleased to present its eighth exclusive report on the contemporary art market.

Download it now on Artprice for free:
http://imgpublic.artprice.com/pdf/artprice-contemporary-2013-2014-en.p ...
It contains original rankings, such as the Top 500 contemporary artists according to turnover.

Artprice permanently enriches its databanks with information from 4,500 auctioneers and it publishes a constant flow of art market trends for the world's principal news agencies and approximately 6,300 international press publications.

Record-breaking year for the Contemporary Art market, with revenues smashing the US$2 billion mark (July 2013 - July 2014).

The 2013-2014 period for the contemporary art sector has never been so competitive or speculative with a record set by Jeff Koons' contemporary work of art sold €38.8 million, a record number of auction sales reaching the million dollar/euro threshold and a record auction turnover for a Post-War and Contemporary Art sale.

In four short years, the global turnover achieved in the sale room, irrespective of period, has almost doubled since the slowdown of 2009/2010: a period that registered a price drop of 48%.

Affluence has not been slow to return, buoyed up by a market structure that has changed significantly in many respects, including the increased globalisation and dematerialisation of sales. The galloping speculation of the period between 2004 and 2007 is once more to the fore and the contemporary market is more affluent than during the micro-bubble of 2007: a year of rocketing prices, with revenues for the year up by 50% for a similar number of works sold.

A new peak was achieved this year - the best in the history of contemporary art at auction in terms of auction turnover, price rises and record bids.

The price index of artists born after 1945 has followed the trend, reaching unprecedented heights and even topping the levels attained at the height of 2007 by 15%. All in all, the global index of contemporary art prices has risen by over 70% over the decade.

The art business is flourishing in a bubble that never bursts, and in continuing growth as regards works at the very top end of the market. This year, the high-end market acclaimed 13 contemporary works with prices of over €10 million, and designated the most expensive work in the world: a giant Balloon Dog by Jeff Koons, sold for over €38.8 million.