Artnet Intelligence Report 2021

    Artnet Intelligence Report 2021

    L’edizione 2021 dell’Intelligence Report pubblicato dalla piattaforma Artnet offre una panoramica approfondita del mercato dell’arte attuale e dei futuri sviluppi.

    The 2021 edition of the Intelligence Report published by the Artnet platform offers an in-depth overview of the current art market and future developments.

    The latest edition of the Intelligence Report, produced by the Artnet platform, was conceived during the time window of the “Roaring 2020s”, a period of recovery for the art system and the whole world.

    Despite this, the difficulties were not lacking and at this precise moment everything seems to be unpredictable. Precisely for this reason, imagining what the rest of the decade will be like is a necessary exercise to leave room for optimism and hope.

    The Autumn 2021 Report presents figures of young collectors and artists who are revolutionizing, step by step, the dynamics of the art world: the Korean pop star T.O.P, Mark Grotjahn, Gerhard Richter and Nish McCree.

    Also relevant is the study by Art Business Editor Tim Schneider on the 5 technologies that will change the world of art business by 2030. Among these, augmented reality stands out, a tool already in vogue in galleries and museums.

    The Report offers an accurate market analysis, based on data that highlight current trends, such as NFT sales made by auction houses, and information on the impact that the pandemic has had on the art system.

    A total of $ 7.8 billion was spent on art at auction in the first half of 2021, a staggering 138% increase over the equivalent period last year and 12% over the first six months of the year. 2019.

    The United States leads the way with total art revenue of $ 2.7 billion. But China is closing the gap, consolidating sales with $ 2.4 billion in the first half of 2021.

    The first six months of the year saw online-only sales at the three major auction houses Christie’s, Sotheby’s and Phillips decreased by 25.4% compared to the equivalent period in 2020. The total amount of trade generated exclusively in cyberspace – $ 474 million – is still up by an astonishing 1,239% compared to the first half of 2019.

    Sales of ultra-contemporary art – a term used to identify the work of artists born after 1974 – have soared more than any other genre since the lockdown. From January to June of this year, category sales reached $ 302.6 million, nearly 300% higher than the most recent peak in 2019.

    Which price range is most profitable for auction houses? The biggest piece of the pie remains the one made up of works of art traded between $ 1 million and $ 10 million each.
    Sotheby’s narrowly beat rival Christie’s in total auction sales in the first half of the year. The first generated $ 2.3 billion; the latter, 2.1 billion dollars.

    The real extent of the sales made for Non Fungible Tokens, which continue to be the protagonists of auctions all over the world, still remains to be defined.

    Photo Credits: Artnet


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