WHO ARE THE BLUE CHIP ARTISTS
Blue chip artists are the most successful personalities and the safest investments in the art system
Despite the fluctuations in the market, due to the recent financial crises, art continues to be a secure passion asset in the long term, because more and more collectors decide to invest in the purchase of the works of the most popular artists on the market.
In fact, it is the blue chip artists who give the greatest earnings.
Thus emerges from Artprice100®, Artprice’s Art Market Index which allows collectors to follow market trends based exclusively on so-called Blue Chip Artists.
But who are the Blue Chip Artists?
These are artists whose prices exceed one million euros and remain constant over time. They are the artists widely recognized by the market, whose position has been consolidated by exceptional sales volumes over the course of several years and are represented by the most important galleries in the sector
The works of blue chip artists not only have great economic value, but also represent a safe and reliable investment, because their value will remain stable over time despite the ups and downs of the economy.
A few examples? Artists like Pablo Picasso, Mark Rothko, Jeff Koons, Jean-Michel Basquiat and Kaws are Blue Chip Artists.
Where does the term Blue Chip come from?
The term derives from poker, in fact, “blue chip” (blue chip) is the chip with the highest value.
In the financial markets, in general, “Blue Chip” indicates the shares that are not only the most expensive, but are also those that guarantee greater investment stability and security.
Blue Chip Artists and Galleries
In the art world there are galleries with a notable economic impact and credibility including Hauser & Wirth, David Zwirner Gallery, Gagosian, Massimo de Carlo or Perrotin, just to name a few, they count in their stable many blue-chip artists whose prices are often “defended ”On the occasion of auction sales.
In addition, galleries often also deal with the cataloging and archiving of the works of these artists, with the aim of ensuring their collectors control over the authenticity, enhancement and promotion of the artists’ works.
For an Artist, having an updated and complete catalog of works allows them to increase the value of their works of art, improving their reputation within the art system.
Today it is possible to create a complete and digital Artist Archive thanks to the use of professional tools such as Art Rights, a platform that allows you to manage and certify works of art
Are you ready to become a blue chip artist?
Photo credits: Jean-Michel Basquiat’s ‘Baby Boom’ (1982) at Lévy Gorvy © The Estate of Jean-Michel Basquiat, ADAGP, Paris and ARS, New York 2017