Art World News

Dutch dealer returns Weenix landscape stolen in the Second World War to Dresden museum

Dutch dealer returns Weenix landscape stolen in the Second World War to Dresden museum

A painting by Jan Baptist Weenix that was lost for almost 80 years is returning next week to Dresden’s Gemäldegalerie Alte Meister after a Dutch art dealer identified it as looted from the state collection and purchased it from the current holders to give it back.

Willem Jan Hoogsteder will hand over the 17th-century painting, Campagna Landscape, to the Dresden State Art Collections at a ceremony on 23 October. The painting of Italianate people in a Dutch dune landscape was purchased in 1742 for the collection of Augustus III, the king of Poland and elector of Saxony.

During the Second World War, it was put into storage in the Ore Mountains, then removed by the Soviet army to decorate the residence of a general. It entered the art market and was bought by Hoogsteder’s father at Christie’s in the US in 1984. At that point, the painting was attributed to Jan Wouwerman. It was later sold again in London and Amsterdam, and was registered in Jan Baptist Weenix’s catalogue raisonné in 2018.

“No one, including us, ever made the link to Dresden back in the 1980s,” says Hoogsteder, who is known in the Netherlands as the Old Master paintings expert on the TV programme Tussen Kunst & Kitsch, the Dutch equivalent of Antiques Roadshow.

The current holders purchased the landscape in 1995 without knowing its provenance, and approached Hoogsteder a few years ago and asked him to sell it again. Hoogsteder & Hoogsteder now employs two provenance researchers, who made the link to Dresden—which had no image of the missing painting. The inventory number on the back also did not match with the Dresden inventory number, so it took some time to identify the painting conclusively.

“It’s a difficult situation for the current owners, who bought it at auction perfectly legally,” Hoogsteder says. “But it’s difficult to sell because it was stolen by the Soviets in the war. I said to them – ‘I will buy it and give it to Dresden.’”

Dresden’s State Art Collections will present the landscape together with two other paintings that were lost during the war and recovered recently. These are a 17th-century portrait by Balthasar Denners and a Vincenzo Spisanellis painting of the flight to Egypt. Both works were acquired by the Saxon court in the 18th century.

The State Art Collections reached a settlement with the Danish private owner of the Spisanellis work. The Denners painting resurfaced on the German art market.

Paris Cultivates a New Allure

Paris Cultivates a New Allure
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It’s a lively time for the art world in the French capital, with new art foundations, fresh outposts for major galleries and the city’s relative affordability.

A century or so ago, Paris was the undisputed epicenter of the international art world, the birthplace of the avant-garde. The city teemed with talents from all over — Pablo Picasso, Amedeo Modigliani, Marc Chagall — who populated its artist colonies, cafes and brasseries, and made it a vibrant cultural hub.

Today, Paris is one of multiple art centers in the world. Yet it is experiencing a cultural renaissance, and reclaiming its place on the contemporary art map.

Though France is still only the world’s fourth-largest art market, with a 7 percent share (according to this year’s Art Basel and UBS Art Market Report), that share is growing. Driving the expansion are the rise of new privately funded art foundations in the French capital; the opening of first-ever Paris outposts by major international galleries; the influx of international artists drawn to the city’s relative affordability; and the departure of Britain from the European Union, known as Brexit.

“Paris is extremely lively at the moment: It’s clearly a city that’s regaining its appeal,” said Catherine Grenier, director of the Fondation Giacometti, which is dedicated to managing the estate and legacy of the sculptor Alberto Giacometti. “It’s been a long time since Paris was so active in the visual arts.”

Ms. Grenier explained that the “monopoly” that New York and London once had on the international art world has now loosened, allowing for other art scenes. Paris, “which had been somewhat eclipsed,” is today in a “privileged position,” she added.

The Fondation Giacometti plans to bolster Paris’s cultural standing further by moving in 2027 to new headquarters on the Place des Invalides, where it will set up a Giacometti museum, with several exhibition spaces, a research center and an art school.

Another sign of Paris’s growing allure is the opening this fall of the Hauser & Wirth gallery’s first-ever Paris outpost. One of the world’s top four mega-galleries, Hauser & Wirth is moving into an elegant 19th-century hôtel particulier (mansion) near the Avenue des Champs-Élysées and inaugurating the space with a solo exhibition by the African American painter Henry Taylor (whose retrospective coincidentally opened earlier this month at the Whitney Museum of American Art in New York).

Hauser & Wirth is inaugurating its new Paris gallery space with a solo exhibition by the African American artist Henry Taylor, including this work, “Untitled” (2022).via the artist and Hauser & Wirth. Photo by Keith Lubow.

Hauser & Wirth’s president and co-founder Iwan Wirth said it had always been a dream to open in Paris, “a romantic place,” and that the gallery had been “looking for many years for the right space and for the right moment.”

“Artists want to be in Paris. They feel inspired by Paris,” he said, noting that many of the roughly 90 artists represented by his gallery had never had a commercial gallery show in Paris.

He emphasized that Brexit had no part in the decision to take the Paris space, and that Hauser & Wirth maintained its two large gallery spaces in London’s Mayfair district, as well as a firm commitment to the U.K. as a major operational base. Paris and London are “complementary,” he said.

He did acknowledge, however, that London had “lost a lot of talent and energy” because of Brexit, and that Paris happened to be “the great beneficiary.”

As an example of the hurdles that Brexit has thrown up, he said, Hauser & Wirth is now having “great difficulties” recruiting staff for its London galleries from the European continent, so “the pool of people that we can work with has suddenly been reduced.”

It had always been a dream to open in Paris, said Iwan Wirth, co-founder of Hauser & Wirth, which opened its first-ever outpost in the French capital this fall. The new gallery includes an installation in the stairwell by the artist Martin Creed, “Work No. 3839” (2023).Martin Creed. All Rights Reserved, DACS 2023, via the artist and Hauser & Wirth. Photo by Nicolas Brasseur

And with Britain now separated from the European Union by a hard border, the waiting time at customs for London-bound trucks was enormous, he said. As a result, artworks sometimes had to be flown in, which is much more costly.

To be sure, Paris spent the better part of the last three decades “in the shadow of London,” as the international dealer Thaddaeus Ropac recalled. Mr. Ropac has a major foothold in both cities, having opened a vast and elegant London space in Mayfair in 2017 — less than a year after the British voted in a referendum to leave the European Union.

Mr. Ropac remembered that in the 1980s, after the opening of the Pompidou Center in 1977, the spotlight had been on Paris. By contrast, London was “a rather dreary place,” with few artists of note, a small network of galleries and a “very limited market.”

Everything started changing in the late 1980s as a generation of talents known as the Young British Artists — “so new, so fresh, and so carefree,” Mr. Ropac said — were catapulted to fame and fortune thanks to the “Freeze” exhibition in 1988 curated by one of them, Damien Hirst.

The artists and their works made tabloid headlines as they won or were shortlisted for the Turner Prize. This explosion of eye-catching activity “took oxygen away from Paris,” he added. By the time Tate Modern opened in 2000 in a former power station on the southern banks of the Thames River, London “was able to position itself at the forefront of art production, presentation and communication.”

France, however, has experienced an awakening recently with the birth of vast private art foundations that have given Parisians what they weren’t getting enough of: a steady dose of high-caliber contemporary art exhibitions. First came the Fondation Louis Vuitton (established in 2014 by the billionaire Bernard Arnault, chief executive of the luxury conglomerate LVMH), followed in 2021 by the Bourse de Commerce — Pinault Collection (by the billionaire François Pinault, founder of the luxury group Kering).

The Tate Modern is still tremendously popular, helping London hold onto its status as an arts center, even as Brexit makes international trade more challenging. Alex Ingram for The New York Times

Their forerunner was the Fondation Cartier, set up in 1984, which played a pioneering role in promoting contemporary art in Paris. It is set to move soon into a new headquarters across from the Louvre.

This combination of factors has led to “a strong buildup of Paris as an incredible center” for art, Mr. Ropac said, adding that it was “nonsense” to think that “the success of Paris is basically Brexit.”

Paris also has more affordable housing and studio space, which means that artists can live in the center of the scene and mingle and collaborate more easily, said Marco Brambilla, a film and digital artist who moved from London to Paris last year and whose video collage (about the birth of Las Vegas and the death of Elvis Presley) was recently presented at the opening of the Sphere entertainment venue in Las Vegas.

“It has become so expensive to live anywhere central in London that you find that the lifestyle is not within reach for people who work in the arts,” said Mr. Brambilla. He said Paris was benefiting from “a confluence” of factors including a growing collector base, strong government support for culture, and corporate spending on private institutions. This combination “creates an energy” that “makes the city more relevant right now,” he said.

Ultimately, however, Mr. Ropac advised against overestimating Paris, and said London was definitely still “critical.” As evidence, he pointed to the continued success of Tate Modern as a center of modern and contemporary art.

“I wouldn’t write off London at all,” he added. “I think these two cities can almost perfectly coexist.”

He Wanted a Comfortable Apartment With Room for All of His Art

He Wanted a Comfortable Apartment With Room for All of His Art

The Tacoma condo hadn’t been touched in 40 years, and the pandemic made renovating tricky. But it turned out so well, now the architect wants to buy it.

Jerry O’Leary has lived in Guatemala, Costa Rica, England, France and Italy. But he never fully left Seattle, where he maintained his primary home beginning in 1980. When he finally made the decision to stay for good, he was surprised to discover that Seattle no longer suited him as well as it once did.

“I’m an older person now, and I just wanted something slightly quieter than Seattle,” said Mr. O’Leary, 71, an avid art collector who worked as a lawyer and helped manage his family’s business interests in natural-resources companies. “I was not able to go out and access everything that Seattle has to offer, so it seemed that paying the premium of living in Seattle became less and less worthwhile.”

He tried nearby Bainbridge Island, but found it a little too quiet. So he settled on Tacoma, a smaller city about 35 miles south of Seattle with a vibrant arts scene.

Jerry O’Leary sitting in the living room of his renovated condominium in Tacoma, Washington.
Jerry O’Leary bought an apartment in Tacoma, Wash., and worked with Hoedemaker Pfeiffer, a Seattle-based architecture firm, to renovate it.Ian Eland

He was intent on buying a condominium rather than a house, but found few appealing options available, so he identified five buildings he liked and waited for one to open up. It took about a year, but eventually a 2,200-square-foot apartment went on the market in a 1980 building designed by Alan C. Liddle, a prolific local architect who died in 2009. Mr. O’Leary bought it for about $700,000 in March 2020, at the beginning of the pandemic.

“It has a beautiful view of Puget Sound and Vashon Island, and I can see the ship traffic,” he said. “It’s a beautiful place to live.”

Mr. O’Leary liked the bones of the space, but the four-decades-old interior needed a complete refresh. For that, he called on Hoedemaker Pfeiffer, a Seattle-based architecture firm, and made two basic requests.

“The first thing was that I’ve never been able to get more than half my art out of storage, so I needed a place that would let me bring out as much of my art as possible,” he said.

A work by Alex Katz and a sculpture by Everett DuPen are installed beside the fireplace, which is wrapped in Sandalus quartzite with a leathered finish.Haris Kenjar

Even so, he didn’t want his new home to resemble a cold gallery. “I wanted something that was beautifully made, that had first-class materials, but where anybody could walk in and feel comfortable,” he said. “Nobody would walk in and feel like they couldn’t sit down in any chair, they couldn’t touch any wall. It had to be absolutely livable.”

Tim Pfeiffer, a partner at Hoedemaker Pfeiffer, and Hana Schooley, a project manager at the firm, aimed to preserve the original spirit of the apartment while making some surgical improvements. They left most of the walls intact, but replaced a few with oak-slat screens to bring sunlight into dark corners.

“It’s a really long condo unit, so it was a challenge getting light to penetrate from one side to the other,” Ms. Schooley said. “Our concept didn’t involve big moves — they were small moves to improve the light and create a space specifically for Jerry.”

One of the screens connects the living room and the den, where integrated shelves provide a place to display sculpture. “It’s definitely a collector’s home,” Mr. Pfeiffer said, “with great sightlines to specific pieces, and collections of pieces in other areas.”

More screens dissolve the boundaries between the kitchen and a hallway leading to the primary suite, as well as between the primary bedroom, bathroom and dressing area.

For visual warmth and a welcoming feeling, the architects chose a palette of textured materials in neutral hues: Sandalus quartzite with a leathered finish around the fireplace, two types of limestone for the primary bathroom floor and vanity, grass-cloth wallcovering with a subtle pattern around Mr. O’Leary’s bed, and buff-colored paint for his major art display walls.

They furnished the space with vintage pieces heavy on character, including a sculptural 1960s Guillerme et Chambron wood armchair in the living room; a dining table and chairs from the same furniture maker; and textured linen fabrics and woolly rugs.

The bedroom walls are covered in screen-printed grass-cloth Tipi wallpaper by Mark Alexander. The Chiselhurst bed is from Lawson-Fenning (from $5,350).Haris Kenjar

But none of it happened quickly.

Mr. O’Leary had bought the apartment from an older seller whose move into a nursing home was delayed amid the pandemic, so he allowed her to continue living there for nine months after closing. It wasn’t until she moved out at the end of 2020 that Mr. Pfeiffer’s brother-in-law, Tom Treleven, of Treleven Project Management, was able to start construction.

Mr. O’Leary moved into his new home in March 2022, after spending another $700,000. “It’s extraordinary,” he said. “It’s a gorgeous place. The rooms work exactly as I’d hoped they would, in a very comfortable, natural way.”

So far, he estimates that he has managed to display about 70 percent of his art collection — far more than in his previous home.

Mr. Pfeiffer, who grew up in Tacoma, was just as taken with the finished apartment and its surroundings. “I mentioned to Jerry,” he said, “‘You know, if you ever decide to sell this place, it’s got my name on it.’”

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What Happens When an Artist’s Technology Becomes Obsolete?

What Happens When an Artist’s Technology Becomes Obsolete?
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Curators and conservators are working to save — and update — art made with aging hardware.

UP A BUCKLING flight of stairs on Murray Street in Lower Manhattan, the dusty workshop of CTL Electronics is crammed with once-novel relics: cathode-ray tube (CRT) televisions, three-beam projectors and laserdisc players from the previous century. Hundreds of outdated monitors are arranged beside money trees and waving maneki neko cats, an installation in a kind of mini-museum run by CTL’s proprietor, Chi-Tien Lui, who has worked as a TV and radio repairman since immigrating from Taiwan in 1961. At CTL, which he opened in 1968, Lui initially sold closed-circuit TV systems and video equipment, but for the past couple of decades, his business has had a unique focus: repairing video artworks that, since the onset of the digital age, are increasingly likely to malfunction and decay.

Many of CTL’s clients are museums looking to restore works by a single artist, the video art pioneer Nam June Paik, who died in 2006. Known for his sculptures and room-size installations of flickering CRT monitors, Paik began visiting the shop in the 1970s on breaks from his studio in nearby SoHo. While some conservators have updated his work by replacing old tubes with LCD screens, Lui is one of the only technicians who can rebuild Paik’s sets from spare parts, as if they were new.

Paik’s work was on view, along with video works from dozens of other artists, in “Signals,” a sweeping exhibition at the Museum of Modern Art in New York earlier this year. Many pieces in the show, such as those in the video collectives section, played on boxy Sony CRT monitors, long favored by artists for their austere, stackable design, and which stopped being produced in the 2000s. The cube CRTs are essentially worthless to consumers, but museums are willing to pay a premium for them on eBay — “if you can even get your hands on one,” said Stuart Comer, the chief curator of media and performance at MoMA, who helped organize the show. “I had to tell security, ‘Pretend these are Donald Judds,’ because they’re basically priceless at this point.”

Some of Lui’s personal stock.Daniel Terna
Museums rely on businesses like CTL, with their supply and knowledge of outdated technologies.Daniel Terna

It’s an ongoing dilemma for the modern-art institution: New technologies are only ever new for so long. When the phaseout of the incandescent light bulb, a go-to material for artists from Robert Rauschenberg to Felix Gonzalez-Torres, began in 2012, museums either amassed stockpiles of the old bulbs or found a reliable supplier. Dan Flavin, who spent his entire career working with fluorescent light, always had his preferred manufacturers. Last year, the Biden administration proposed as part of its climate policy a sunsetting of compact fluorescents, and a few states have recently enacted legislation that in the coming years will also ban the longer tube lights that Flavin used. For now, museums continue to go through the estate of the artist, who died in 1996, to replace burned-out lights. Not all artists are so precious about their materials, however: In 2012, when Diana Thater presented her 1992 video installation “Oo Fifi, Five Days in Claude Monet’s Garden” at the Los Angeles gallery 1301PE, where it had first been shown 20 years earlier, she updated its clunky CRT projectors to digital ones. She digitized the video, a collage of film footage from Monet’s garden in Giverny, France — itself a technological update of the Impressionist painter’s vistas in oil — because, she said, “I don’t want my work to look fake old.” Paik, for his part, left behind a page of instructions specifying that his works could be updated, as long as the integrity of the original look of the sculpture was respected, to the best of what the technology would allow.

In conserving works made with more mundane materials, museums generally rely on an artist like Thater or on the artist’s estate to provide guidance — or even the materials themselves, as is the case with Flavin. But technology now moves at a much faster pace. A museum’s task of protecting art in perpetuity has remained fixed, even as artists’ materials have changed. Art institutions are likely the only places in the world that are currently planning how they might be able to fix an Oculus Rift 50 years from now. Rather than keep stockpiles of expensive and obsolete technology in storage, museums have to find clever ways around software updates, from video game emulators to server farms to niche businesses like CTL. But they, too, have a life span as short as, or shorter than, those of light bulbs. There are far more obscure materials for artists to choose from than ever before.

GLENN WHARTON WAS hired in 2007 as MoMA’s first conservator of time-based media, or works that often depend on commercial technology that can have a limited shelf life. “I saw the writing on the wall that it was hard to even buy videotapes anymore,” Wharton said. In the early days, he was making decisions “about changing the works of art” that were the equivalent of a painting conservator using acrylic instead of oil paint: “We were swapping out CRTs and sometimes moving toward flat-screen technology, or changing projectors or even digitizing.” Ultimately, Wharton decided, “defining the authentic state of a work of art is central to what conservators do.” So when the museum acquired a work dependent on a specific technology from a living artist, he’d ask how they wanted it to be conserved and displayed.

Shelves of old equipment in the back of CTL.Daniel Terna

Wharton now runs a program at U.C.L.A. that has helped to clarify one of the main issues in the emerging field of digital conservation: digital obsolescence. If certain art is dependent on an extinct technology, how does one preserve the art so that it outlasts the technology itself? Sometimes by addressing a phenomenon called bit rot: As Caroline Gil, the director of media collections and preservation at the New York nonprofit Electronic Arts Intermix, explained, “Digital files of all stripes are made up of data — zeros and ones — and, every so often, a zero can turn into a one through electrostatic discharge in your hard drive or in a big server farm. That corrupts the file.” There are methods for fixing this, she said, “but that’s a very niche level of understanding, and I don’t think a lot of archives or collecting institutions do that, really.”

Coding expertise is still uncommon in museum conservation departments, but that may have to change. “The art world is kind of running on an old operating system of Modernism,” said Cass Fino-Radin, a conservator and founder of the upstate New York firm Small Data Industries, even as museums are collecting newer artworks that, at their core, are composed of code. In 2016, the Cooper Hewitt, Smithsonian Design Museum in New York contacted Fino-Radin for help with a two-year-long assessment of digital materials in its permanent collection. The project included a detailed case study of a defunct iOS app called Planetary, acquired by the museum in 2013, which allowed users to browse a music library like astronauts soaring through the Milky Way. Debuting in 2011, Planetary had been rendered incompatible with iOS software updates within a few years, so the museum decided to share the source code on GitHub for anyone to try to fix it. Ultimately, it was an Australian developer, Kemal Enver, who got it functioning again, releasing it in 2020 as Planetary Remastered. To Fino-Radin, it was a warning sign: “For museums, hiring a professional software developer to do that kind of annual maintenance isn’t something that’s ever been remotely needed in history, and so institutions just don’t have the money to do it. It’s a new line item in their budgets.”

For works dependent on old hardware, conservators sometimes rely on a method known as emulation: “You’re fooling a current computer into thinking that it’s running on an older system, meaning I can turn my MacBook Pro into a virtual machine where I can run a net art piece in a Netscape 1.1 browser,” said Christiane Paul, the curator of digital art at the Whitney Museum of American Art. This approach was adopted at Rhizome, a New York nonprofit dedicated to promoting and preserving digital art, which in 2012 presented (along with the New Museum of Contemporary Art) an online exhibition of interactive computer games for preteen girls co-created by Theresa Duncan that had first been released on CD-ROM in the mid-1990s. Visitors to the Rhizome website can play Chop Suey, a delirious adventure through a small Ohio town, by connecting virtually to a server running the game on its 1995 software.

A diagram and circuit board in Lui’s workspace.Daniel Terna

Many artists don’t think about what will happen to their work when they are gone. Or they never imagined certain pieces having much of a future. In “Super Mario Clouds” (2002), an early video installation by the artist Cory Arcangel, the 1985 Super Mario Bros. video game plays off a Nintendo console with all of the game’s animated features, apart from sky and clouds, erased. Obsolescence was partly the point of the work because, as a then-unknown artist, Arcangel didn’t expect to be showing it 20 years later — and by 2002 the consoles “were considered trash,” he said. An edition of “Super Mario Clouds” was bought by the Whitney, whose conservators were aware that the console might not function much longer. But the source code remains available, and Arcangel has granted the museum permission to use a Nintendo emulator to show the work.

Yet is an emulated artwork, even if indistinguishable from the original, really the same artwork? This riddle is sometimes known as the paradox of Theseus’s ship: According to Plutarch’s legend, as the Athenians preserved their former king’s boat through the decades by gradually replacing its decaying old planks with new ones, philosophers wondered, could the ship still be considered authentic if none of its original parts remained?

The conundrum is why some artists and conservators have now incorporated outwitting obsolescence into their practices. Lynn Hershman Leeson, an 82-year-old artist who was a contemporary of Paik’s, has been working with A.I. technology since the late 1990s and in 1983 made one of the first interactive video art pieces: “Lorna,” created originally for a groundbreaking new technology called laserdisc. Twenty years later, she upgraded to another now-bygone technology — the DVD. Lately, she’s been experimenting with a futuristic method of archiving her work. Looking to preserve a series of videos and documents from her research on genetic manipulation and synthetic biology, she turned to a technology at once far older and more cutting-edge than anything else on the market: DNA. Hershman Leeson first converted her research into a video timeline on Final Cut Pro, and then enlisted Twist Bioscience in San Francisco, which manufactures DNA products, to chemically synthesize it into a sequence. The resulting genetic material is kept in two vials in her studio, as well as in the San Francisco Museum of Modern Art and the Center for Art and Media in Karlsruhe, Germany. “DNA has a 500-year half-life,” she said. “I also saw it as a metaphor, a poetic conclusion to all of this work, to create something that’s relatively invisible and holds our past and our future.”

The problem is, neither Hershman Leeson nor the museums that collect her work are able to retrieve it from the sequence. In theory, the process is reversible, but it’s also expensive and time-consuming. At least for now, the work belongs to the future.

Artprice by Artmarket publishes its 2023 Contemporary Art Market Report, showing a +2200% growth since 2000 and confirming that Art is a safe haven in times of major crises

Artprice by Artmarket publishes its 2023 Contemporary Art Market Report, showing a +2200% growth since 2000 and confirming that Art is a safe haven in times of major crises

Focus on artists under 40

PARIS, Oct. 17, 2023 /CNW/ — Artprice by Artmarket is releasing its 2023 Contemporary Art Market Report in time for London’s Frieze art fair and Paris+ by Art Basel in the French capital. Key points: the market has grown +2,200% since 2000, new records are constantly falling, and art remains a safe haven in times of crisis.

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In its 27th Annual Report, Artprice by Artmarket.com presents and examines a global Contemporary and Ultra-Contemporary art market that is more dynamic than ever before. Artprice’s Report on the 2023 Contemporary Art Market is available free of charge in both French and English on:

https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2023

According to thierry Ehrmann, Artprice founder and CEO of its parent company Artmarket, the Contemporary art market has changed beyond recognition in 20 years. With auction turnover increasing by 2,200%, many more contemporary artists participating (from 5,400 artists to nearly 38,000 today), and a growing volume of works exchanged (from 12,000 lots offered to 123,000), the change has been structural. But it has also been geographical with 64 countries participating in the market versus 39 two decades ago. The Contemporary art market has of course accelerated with the Internet and the fluidification of remote transactions, and it now represents the most dynamic and profitable segment of the entire Art Market in the 21st Century.

I. CONTEMPORARY ART (artists born after 1945): key figures 2022/23

  • A global turnover of $2.3 billion over 12 months (July 2022June 2023)
  • The 4th best performance in the history of the Contemporary art market
  • The segment’s auction turnover has increased 22-fold since 2000/01 ($103 million)
  • Contemporary Art represented 16% of the total Fine Art and NFT auction market ($14.1 billion)
  • The segment saw yet another increase in transactions, to a new record of 123,450 lots sold over 12 months (+2%)
  • The volume of transactions has multiplied by 10 since 2000/01 (when only 12,500 Contemporary lots were sold)
  • Transactions above the million-dollar threshold fell by -22% (290 vs 372 in 2021/22)
  • The segment’s unsold rate remained stable at 34% (vs. 33% the previous year)
  • The top price paid for a Contemporary work was $67.1 million (Jean-Michel Basquiat)
  • The average auction price for a Contemporary art lot reached $18,600

Soft Power of the Contemporary Art Market 2022/23

  • The USA was the world leader in this segment with an auction turnover of $857 million over 12 months
  • The American market nevertheless (it posted $1 billion in 21/22)
  • China was in second place with $744 million despite a 5% contraction ($785 million in 21/22)
  • The UK was third with $376 million
  • France was fourth with $46 million
  • Japan was fifth with $40 million
  • Christie’s was the leading global auction operator in the segment with a turnover total of $650 million (hammering 31% of the segment’s global total)
  • Sotheby’s was second with $595 million (28%) and Phillips was third with $260 million (12%)
  • China Guardian was the leading Chinese auction house with a turnover total of $82 million (4%)
  • Ketterer was the leading European auction house with a turnover total of $11 million (0.5%)

Structure of the Contemporary Art Market

  • 11 Contemporary works exceeded $10 million (compared with 20 in 21/22)
  • 290 results above $1 million threshold (vs. 372 in 21/22)
  • 54% of Contemporary lots sold for less than $1,000 (i.e. 66,600 works)
  • Paintings accounted for 74% of the global auction turnover from Contemporary art
  • Sculptures accounted for 10% and drawings accounted for 9%
  • Prints (4%) generated double the turnover hammered for photographs (2%)
  • 30,532 Contemporary artists had at least one auction result in 22/23
  • 10 artists accounted for 27% of the global auction turnover from Contemporary art

Top 10 Contemporary artists by auction turnover
(1 July 202230 June 2023) ©Artprice.com


Artist

Nationality

Turnover

Lots sold

Best result

1

Jean-Michel BASQUIAT (1960-1988)

USA

$235,524,904

235

$67,110,000

2

Yoshitomo NARA (b.1959)

Japan

$97,737,808

460

$12,809,701

3

BANKSY (b.1974)

UK

$48,873,898

1,654

$9,724,500

4

Cecily BROWN (b.1969)

UK

$47,713,568

34

$6,711,450

5

Jeff KOONS (b.1955)

USA

$36,136,551

331

$16,992,500

6

Keith HARING (1958-1990)

USA

$35,807,795

1,006

$5,820,000

7

Christopher WOOL (b.1955)

USA

$33,671,700

50

$10,070,000

8

Damien HIRST (b.1965)

UK

$32,722,142

989

$2,220,000

9

George CONDO (b.1957)

USA

$32,064,762

97

$4,669,026

10

Mark GROTJAHN (b.1968)

USA

$30,025,287

24

$9,809,000

II. ULTRA-CONTEMPORARY ART (artists under 40): Key figures for H1 2023

  • The Ultra-contemporary segment generated $127 million in H1 2023
  • Global turnover down 38% vs. H1 2022 ($206 million)
  • The third-best semester in the Ultra-contemporary art segment since 2000
  • In 23 years, the segment’s turnover has grown 8.5 times (from $14.9 million in H1 2000)
  • Ultra-contemporary art represented 12% of the total Contemporary art auction market
  • Ultra-contemporary art represented 2% of global Fine Art and NFT auction turnover
  • A total of 4,520 Ultra-contemporary artworks sold during H1 2023
  • The segment’s unsold rate was 34% (same as that for the Contemporary segment as a whole)

Structure of the Ultra-contemporary Art Market in H1 2023

  • The average price of an Ultra-contemporary work reached $28,100
  • Paintings represent 80% of the Ultra-contemporary segment’s auction turnover
  • NFTs constituted the 2nd largest medium in this segment: $14 million (11%)
  • Drawings accounted for 5.8% and sculptures for 1.5% 
  • The USA was the leading hub for the exchange of Ultra-contemporary artworks: $41 million (32%)
  • Hong Kong hammered 31% of the segment’s auction turnover and mainland China hammered 7%
  • With a total of $26 million, the UK generated 20% of global Ultra-contemporary art auction turnover

Diversity of the Ultra-contemporary art market in H1 2023

  • 2,646 artists under 40 had at least one auction result in H1 2023
  •  5 women were in the Top 10 Ultra-contemporary artists by turnover
  • A new record was hammered for Matthew Wong (1984-2019) at $6.6 million

NFTs by Ultra-contemporary artists in H1 2023

  • Ultra-contemporary NFTs generated a total of $14.2 million (vs. $5.3 million in H1 2022)
  • NFTs represented 11% of the Ultra-contemporary art market
  • The best selling NFT 2022/23 was Dimitry Cherniak’s (b. 1988): Ringers #879 (The Goose) (2021) which fetched $6.2 million at Sotheby’s in New York on 15 June 2023

Top 10 artists under 40 by auction turnover
(1 January 202330 June 2023) ©Artprice.com


Artist

Auction turnover

Lots sold

Best result

1

Matthew WONG (1984-2019)

$14,116,706

7

$6,662,115

2

Dmitri CHERNIAK (b.1988)

$7,110,450

7

$6,215,100

3

Lawyer HOLLOWELL (b.1983)

$5,756,267

11

$2,292,383

4

Jádé FADOJUTIMI (b.1993)

$4,288,516

15

$1,157,959

5

Avery SINGER (b.1987)

$4,063,984

2

$4,063,451

6

Tyler HOBBS (b.1987)

$3,962,699

11

$1,016,000

7

Ewa JUSZKIEWICZ (b.1984)

$3,198,240

13

$762,371

8

LIANG Hao (b.1988)

$3,140,164

1

$3,140,164

9

Lucy BULL (b.1990)

$2,898,618

8

$1,206,207

10

Aboudia DIARRASSOUBA (b.1983)

$2,880,822

43

$180,278

Art, a safe haven in major crises

In conclusion, in contrast to the rest of the economy which is impacted by the current geopolitical and financial context at the moment, the art market is pursuing its growth with robust health, with regular new auction records being hammered for works from all artistic periods and in a wide range of countries during recent sales sessions. Moreover, there have been no cancellations of classic and/or prestige cataloged sales for 2023 or 2024, these sales being very much the bellwethers of the entire art market.

Major auction houses and investors know very well that art is a safe haven and a good investment, as shown by the Artprice100© index, which has outperformed traditional stock market indices. The current period of uncertainty in the stock market is also bringing new funds and investments into the art market.

During past crises, Artprice has already observed that the art market was less impacted than financial markets and the economy. This was true during the Nasdaq crash in 2000, after the 9/11 attacks in 2001, the Afghan war in 2001, the Iraq war in 2003, the subprime and CDS crisis in 2007, the negative interest rates that started in 2011, and the Covid crisis in 2019. The current period of major geopolitical unrest and the fear of a recession have clearly not got the better of the Art Market.

Methodology

This Report takes into account all public auctions of Fine Art works, i.e. paintings, drawings, sculptures, photographs, prints, videos, installations, tapestries, and NFTs, excluding antiques, anonymous cultural goods and furniture. It covers the global auction results recorded by Artprice for artworks by artists born after 1945 (Contemporary Art) between 1 July 2022 and 30 June 2023. It focuses particular attention on the results for artworks by artists under the age of 40 (Ultra-contemporary artists) between 1 January 2023 and 30 June 2023. All prices indicated in this Report refer to public auction results including buyers’ fees. All uses of the “$” symbol refer to the US dollar.

The information and econometric studies produced by Artmarket.com are presented uniquely for the purpose of analyzing and understanding the statistical realities of the art market and should in no way be considered as advice or a suggestion or a solicitation to invest in the art market.

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About Artmarket:

Artmarket.com is listed on Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Discover Artmarket and its Artprice department on video: www.artprice.com/video

Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur, created in 1987.

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Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information in databanks containing over 30 million indices and auction results, covering more than 817,000 artists.

Artprice by Artmarket, the world leader in information on the art market, has set itself the ambition through its Global Standardized Marketplace to be the world’s leading Fine Art NFT platform.

Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.

Artmarket with its Artprice department accumulates data on a permanent basis from 7200 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 7.2 million (‘members log in’+social media) users have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® to buy and sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321.3 of France’s Commercial Code).

Artmarket, with its Artprice department, has twice been awarded the State label “Innovative Company” by the Public Investment Bank (BPI), which has supported the company in its project to consolidate its position as a global player in the art market.

Artprice by Artmarket publishes its 2023 Contemporary Art Market Report:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2023

Artprice by Artmarket’s Global Art Market Report, “The Art Market in 2022”, published in March 2023:
https://www.artprice.com/artprice-reports/the-art-market-in-2022

Artprice releases its 2022 Ultra-Contemporary Art Market Report:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2022

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Jonathan Breiter Affiliated Faculty

Jonathan Breiter  Affiliated Faculty

Summary

Jonathan Breiter is a Lecturer Level II, Professor of Business. He teaches entrepreneurship, marketing and management. A veteran of the international business world, where he spent 35 years, Breiter has direct experience in the advertising business working for Wendy’s Old Fashioned Hamburgers, General Mills (Yoplait Yogurt) and Hasbro (various toys and games such as Jenga, Playskool, Milton Bradley and Parker Bros.) He transitioned to Hasbro after working on their advertising for 3 years. At Hasbro he launched Barney and Elmo while also launching over 150 innovative, award-winning and patented products over a 5-year period as a SVP Marketing. His entrepreneurial spirit started upon leaving Hasbro to start his first consumer packaged goods company which he sold 3 years later to an international conglomerate. With the conglomerate, he discovered and helped launch the Teletubbies, Pokemon and SpongeBob Squarepants. Today, his greatest joy and interest is teaching.

Research interests

  • Marketing (i.e., creating value to disrupt markets, leading with AI and analytics, consumer behavior, target demography, positioning)
  • Strategic Management (i.e., strategy implementation, mission, vision, and value statements)
  • Entrepreneurial Marketing/Management (i.e., go-to-market omnichannel design)
  • Leadership/Effectiveness Diversity, Equity, and Inclusion Ethics
  • Charitable Contributions/CSR

Sustainability Leadership Certificate

Sustainability Leadership Certificate

The one-credit required colloquium course brings regional and global leaders in the fields of climate change, climate justice, sustainability practice, science, technology and art to the Wayne L. Prim Campus to share their knowledge with our students. The intimate meeting-style setting makes this a unique experience for students to network with leaders in the field. The colloquium is open to members of the Lake Tahoe community, many of whom have impressive professional histories of impact and advancement in their fields.

Check back for the schedule of speakers for Fall 2024.

Sunset Market at Ix Art Park connects creatives with the Charlottesville community

Sunset Market at Ix Art Park connects creatives with the Charlottesville community

An eclectic collection of artwork welcomes visitors to Ix Art Park’s Sunset Market Thursday evenings from May to October. Strings of fairy lights twinkle over an open patio dotted with booths where vendors sell stickers, fiber art, woodwork, soaps and handmade jewelry. 

Now in its second year, the market invites artisans to share their creations, providing a home for local businesses, as well as a place of gathering for students and community members.

“We love students, we welcome students!” Cecile Gorham, market manager of the Sunset Market, said. “I think students would really enjoy [the market] and even maybe be inspired to start a little business if they’re not sure exactly what they’re gonna do.”

Aidan McAlister, founder of the alchemically-inspired company Philosophers Tea, has been a regular vendor at Ix Art Park since 2019. For vendors like McAlister, selling at Ix offers “a really wholesome experience” and a chance to meet University students, Charlottesville locals and other artisans.

“A lot of the fun of being at these markets is really getting to speak with and collaborate with other business owners in the area,” McAlister said. 

Open seven days a week to the public, Ix Art Park promotes inclusivity and creativity by making art accessible to everyone in the Charlottesville community. According to the park’s website, Ix Art Park aims to “empower its community” by creating an inviting “safe space” that celebrates creativity.

A collection of unorthodox sculptures, murals and installations greet visitors upon entering the park. A bookshelf made of hardcover books and wooden beams artfully houses a small lending library. Three metal monkeys, all wearing shirts and work boots, sit together on a wooden bench. 

The Sunset Market welcomes veteran vendors and newer artists like McKayLenn Swope, owner of central Virginia-based Black Sheep Creations, who first brought her business to Ix in September. Swope began selling fiber art before expanding to laser-cut woodwork, bookmarks and other uniquely crafted items.

“I’ve been crocheting since I was a little kid and then started making toys and blankets for my friends that were having babies,” Swope said. “And my husband was like, ‘You should sell your stuff.’”

Sharing and selling art in this whimsical space fosters a sense of community for the artisans of the Sunset Market. Rebecca Belt, owner of The Be Initiative and Class of 2015 alumna, considers the park community a kind of family. The Be Initiative, a line of mindful apparel that emphasizes community engagement and sustainability, sells t-shirts, tank tops and tote bags that Belt screen-prints herself. 

“We know each other,” Belt said. “Sometimes, after the market, we go get a drink or some food. It’s a good way to be a part of a community who makes things and engage with the others who come to the market.”

Before founding the business, Belt took studio art courses at Piedmont Community College, later transferring to the University. Now, she prints mindful and encouraging messages on her merchandise, which The Be Initiative sells along with LGBTQ+, Black Lives Matter, animal rights and veganism-themed stickers and buttons.

Running a small art business full-time can be difficult, according to Belt, but community-focused work brings the artist a sense of joy and fulfillment. 

“There’s a reason I do these markets to get the community engagement part of my business — and that’s to talk to people. I want to know people’s stories,” Belt said.

The businesses and artists represented at the Sunset Market have rich stories of their own. Phillip Strauss and Noelle Thompson, artists at PAS Ceramics who bring digital design experience to their pottery, draw on their background as artists at the online retail company CustomInk. PAS Ceramics sells iridescent and earth-toned vases, bowls and mugs featuring linework art of arrowheads, flowers, mushrooms and geometric patterns.

“We deal with Illustrator and Photoshop a lot,” said Thompson, who traces designs in Illustrator before applying underglaze to Strauss’ hand-thrown ceramic pieces.

When it isn’t hosting the Sunset Market, Ix Art Park puts on a number of other art-focused events including a Saturday morning farmers’ market, live performances, art workshops and a summer film series. The park also houses The Looking Glass, Charlottesville’s only immersive art exhibit, which features a walk-through psychedelic forest created by a team of artists.

For anyone looking to connect with the warm, whimsical creatives of the Charlottesville arts scene, the Ix Art Park Sunset Market offers a variety of art made with plenty of heart.