Artprice : The Art Market 2012 - a Dialogue Between East and West

      Artprice : The Art Market 2012 - a Dialogue Between East and West

  PR Newswire

  PARIS, March 7, 2013

PARIS, March 7, 2013 /PRNewswire/ --

Editorial

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 bipolar,
entering into a dialogue between East and West has enabled us to come to an
unprecedented cross-cultural analysis of the market.

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 "experimental" 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 world 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 macro- 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 appreciation of the art market based on a year of
global auction results, 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 download)

http://imgpublic.artprice.com/pdf/the_art_market2012_online_en.pdf

Download the complete document in Chinese - PDF format (Free download)

http://imgpublic.artprice.com/pdf/the_art_market2012_online_zh.pdf

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 auction
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
price 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.

About Artprice.com:

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 €1.670billion).

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® offers unlimited access to the largest Art Market
resource in the world, a library of 108 million images or engravings of
artworks from 1700 to the present day along with comments by Artprice's art
historians. Artprice 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® for buying and selling works of art by private contract or at
auctions -regulated by French law alinéas 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

http://twitter.com/artpricedotcom

Discover the Alchemy and the universe of Artprice
http://web.artprice.com/video , which headquarters are the famous Museum of
Contemporary Art, the Abode of Chaos http://goo.gl/Tz6ly

Contact: Josette Mey, tel: +33(0)478-220-000, e-mail: ir@artprice.com