Artprice : The Art Market 2012 - a dialogue between East and West

Artprice : The Art Market 2012 - a dialogue between East and West 
SAINT-ROMAIN AU MONT, FRANCE -- (Marketwire) -- 03/07/13 --   
For this study of the global art market in 2012, Artprice has formed
an alliance
with  Artron, the leading information service on  the art
market in China within
the  Greater Asia region, in order to  provide
the best possible overview of the art auction market. 
For  years, Artprice has taken the utmost interest in collecting the
data of the Asian  art market and more especially  the Chinese market.
However, Artprice was missing  a key element: the cultural and 
sociologic analysis that key actor Art Market  Monitor  of  Artron 
(AMMA)  only  could  provide,  according to Thierry
Ehrmann,  the
founder  and CEO  of Artprice.  With the  art market  now
entering  into a  dialogue between  East and  West has 
enabled us to come to an unprecedented cross-cultural analysis of the
In  fact, we are analysing a bipolar art  market that has grown in
China and the West  and at  different speeds  in different  cultural
terrains and according to different  standards. In comparison  with
2011 figures, released  by Artprice in its  annual report, those  of
2012, co-released by  Artprice and Artron, show an increase by 6.1%. 
There  has of course been a globalisation effect due to the
dematerialisation of the art market through the Internet and the
nomadic nature of collectors. And of course  it is clear that bridges
have been  built between East and West and that
the  creation, supply
and demand of art sometimes overlap at certain points. But we  cannot
say that art has become totally homogeneous. On the contrary, the art
market  exacerbates  cultural  differences  by  reflecting the gamut
of artistic
choices.  Chinese collectors are not inclined to buy a
Western piece of art that
they  find  is  too  far  removed  from
their cultural parameters. Instead, they
prefer  traditional styles,
ancient calligraphy and, more recently, contemporary
ink art.  Likewise, Western  collectors mainly  buy the works of
artists  who  speak  their  language,  including  some  Asian 
artists  who have
assimilated Western art history. 
So  the idea of a globalised art market should be taken with a pinch
of salt. In any case, it is a little premature for Western and Chinese
readers to be finding
their bearings in an analysis of the global art
market that is bent on combining
information  from East and  West at
all  costs. In order  to provide a clear and transparent  analysis
for our entire global  readership, this year our report is made up of
an introduction that covers the results of art sales around the
in  2012, followed by  two distinct  chapters. The  first of 
these concentrates
exclusively  on the art market  in the West and 
Artprice data, while the second
focuses  on  art  in  China  and 
Artron data. This fertile relationship between
Artprice  and  Artron 
has  led  us  both  to  examine  our areas of overlap and divergence 
and to  look at  the way  a new  geopolitics is  evolving in the art
market of the 21st century. 
thierry Ehrmann 
For  the past ten year,  Artprice has published its  exclusive annual
art market
report  - available in  6 languages -, which  is
distributed to over 6,300 media
organisations  and international 
institutions every  year. Based on 6.3 million
auction  results from
4,500 auction houses around the world, the report contains
and  micro-economic  analyses  providing  the  keys to understanding
the annual  evolution of the global auction market. It discusses the
major trends in the  market, analysed  throughout the  year on  the
ArtMarketInsight page of our website,  by the Artprice press  agency
and jointly by  the Artprice and the Art Market  Monitor of Artron
Econometrics  Department. To complement this objective
of  the  art  market  based  on  a year of global auction
Artprice  and  the  Art  Market  Monitor  of Artron also
offer numerous original
rankings  such as the Top 500 artists by
auction revenue and the Top 100 auction
results of the year. 
Download the complete document in English - PDF format (Free
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About AMMA, a subsidiary of GROUPE Artron 
AMMA  -Art Market Monitor of Artron- is a subsidiary of GROUPE
Artron. AMMA is a research  center committed to comprehensive 
monitoring and in-depth analysis of the  Chinese Art  Market. The 
research and  advisory services  are sourced from
Artron's  database,
recognized as the largest  and most credible database on the Chinese 
art  market  with  more  than  2.5 million  artworks listed and
results  from all over China. For each artwork listed the
database contains high
definition  images  and  is  supplemented 
with  information from more than 500
auction  houses ever since China
Guardian  commenced auction activities in China
in  1993. Using
statistical and econometric methodology, AMMA observes the
trends  of the Chinese  art market as  well as the  specific
movements regarding
particular  specialty markets,  categories or 
artists. AMMA  also provides data
analysis,  technical valuations and
 pricing advice. It  also organizes seminars
for individual and
institutional customers 
ARTPRICE has joined the prestigious SBF 120 index. The SBF 120 index
is composed
of  the 120 largest French listed companies,  including
the CAC 40 companies and the  country's 80 most liquid stocks.The
current liquidity of the Artprice share
is  3.83 million euros per
day calculated  over 440 trading days (amounting to a total of
EUR1.670 billion). 
Artprice  is the global  leader in databank  on Artprices and 
indices with more
than  27 million indices and auction results
covering more than 500,000 artists.
Artprice  Images(R) offers
unlimited access to  the largest Art Market resource in the  world, a
library of 108 million images or engravings of artworks from 1700
the present day  along with comments  by Artprice's art historians.
permanently  enriches  its  databanks  with information from
4,500 international
auction  houses  and  auctioneers  and  publishes 
a constant flow of art market
trends for the main news agencies and
6,300 international written media. For its 2.072 million  members
(member log  in), Artprice posts  standardized adverts in what  is 
today  the  world's  leading  Standardised Marketplace(R) for buying
and selling works of art by private contract or at auctions -regulated
by French law alineas 2 et 3 de l'article L 321.3 du code du commerce. 
Artprice  is listed  on Eurolist  B SBF  120 by Euronext  Paris (SRD
long only):
Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF 
Discover the Alchemy and the universe of Artprice,
which headquarters are the famous
Museum of Contemporary Art, the Abode of Chaos 
The Art Market 2012: 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
(i) the releases contained herein are protected by copyright and    
other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and     
originality of the information contained therein. 
Source: ARTPRICE COM via Thomson Reuters ONE 
Josette Mey
tel: +33(0)478-220-000
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