Actusnews Wire - Diffuseur professionnel d'information corporate et réglementée, autorisé par l'AMF et le CSSF.

  Communiqué de la société ARTPRICE du 24/03/2015

  24/03/2015 - 15:35

In the midst of heated discussions, Artprice confirms the key figures of the exact return on investment of artworks.


In the midst of heated discussions, Artprice confirms the key figures of the exact return on investment of artworks.

When revealing the exact return on investment of artworks, including the growth rate (calculation designed by its econometrics department), Artprice has faced an uproar among Art Market players, some of which consider this information to be confidential and not available to the general public.

By this press release, Artprice rejects these comments and considers that public auction information and prices do constitute high quality, public information for the different Art Market players, including art lovers and collectors.

For the record: the press release, published on http://artmarketinsight.wordpress.com/ and http://twitter.com/artpricedotcom, was the following:
 
Art Market revelations : Artprice calculates the exact return on investment for major artists!

Artprice is the world's primary specialist for art market prices and indices with more than 30 million indices and auction results covering over 586,000 artists. Artprice Images (R) offers unlimited access to the world's largest art market database, a library of 108 million photos or representations of artworks from the year 1700 to the present day, each accompanied by pertinent commentary by our art historians.

Thanks to its unrivaled data collection of public auction results, stored in its privately owned intranet linked to more than 4,500 auctioneers, and its exclusive econometric know-how, Artprice is able to calculate the return on investment for artworks bought over two decades.

 Here bellow : 10 examples of return on investments made in 2000 for artworks by Andy Warhol, Pablo Picasso, Francis Bacon, Gerhard Richter, Mark Rothko, Claude Monet, QI Baishi, Alberto Giacometti, ZHANG Daqian et Jeff Koons.

These are the 10 best performing artists at public auction in 2014, as calculated by Artprice and Artron.
 
Andy Warhol +282% ($)
100 $ invested in 2000 in a work of Andy Warhol have an average value of 392 $ in February 2015, an increase of 282%.

Pablo Picasso +130% ($)
100 $ invested in 2000 in a work of Pablo Picasso have an average value of 230 $ in February 2015, an increase of 130%.

Francis Bacon +910% ($)
100 $ invested in 2000 in a work of Francis Bacon have an average value of 1010 $ in February 2015, an increase of 910%.

Gerhard Richter +554% ($)
100 $ invested in 2000 in a work of Gerhard Richter have an average value of 654 $ in February 2015, an increase of 554%.

Mark Rothko +501% ($)
100 $ invested in 2000 in a work of Mark Rothko have an average value of 601 $ in October 2013, an increase of 501%.

Claude Monet +212% ($)
100 $ invested in 2000 in a work of Claude Monet have an average value of 312 $ in February 2015, an increase of 212%.

QI Baishi +932% ($)
100 $ invested in 2000 in a work of QI Baishi have an average value of 1032 $ in February 2015, an increase of 932%.

Alberto Giacometti +386% ($)
100 $ invested in 2000 in a work of Alberto Giacometti have an average value of 486 $ in February 2015, an increase of 386%.

Zhang Daqian +254% ($)
100 $ invested in 2000 in a work of Zhang Daqian have an average value of 354 $ in February 2015, an increase of 254%.

Jeff Koons -7% ($)
100 $ invested in 2000 in a work of Jeff Koons have an average value of 93 $ in February 2015, a drop of 7%.

Coming soon: more articles disclosing the exact return on investment for artworks by the major artists of each segment. This operation has been the subject of new debates, which have clearly underlined the truth: detractors cannot handle the fact that anyone has now access to such a precious information, which was historically strictly reserved to the market makers.

The 50 best performing artists at public auctions in 2014 ranked by Artprice & Artron.

Its impact – which has been far greater than that of any other Artprice initiative in terms of data volumes – confirms that the disruptive economy can very quickly shatter old circuits. By their asymmetrical information these old circuits have allowed a well-organized market structure to develop around the purchase and sale of art with enormous margins that have no economic justification in the 21st century.

A few years ago, Artprice had purchased Xylogic (a Swiss company founded in 1987 by prominent scientists). It was at that time, the only company in the world to provide indices and extremely efficient econometric tools, made exclusively available to an elite of the Art Market, such as experts, international auction houses and major collector (see Artprice's 2013 reference document submitted to the A.M.F on 17 July 2014).

Now, within seconds, a buyer or seller using a smartphone, phablet, tablet or pc can access graphic displays of an artist's price index, the number of works sold per year, his/her annual auction turnover, his unsold rate, the geographic distribution of his sales per country, per price segment or per artistic medium, not to mention an array of more advanced options.
So, in just three mouse-clicks, the non-initiate can compare the price curves of two artists and check the performance of an artist versus the Artprice Global Index (Artprice's general Art Market Index that become an authoritative reference in the business over the last 18 years).

At the same time, he can also compare the artist's valuation to the major stock market indexes like the S&P 500, the DAX, the CAC40, the FTSE, the NIKKEI and the S&P Asia 50.
For example http://www.artprice.com/artist/3416/francois-boucher/index

Indeed over the past 18 years the art market has seen exponential financialization. Most of the world's major private banks and wealth management institutions are clients of Artprice.

So, in just three mouse-clicks, the non-initiate can compare the price curves of two artists and check the performance of an artist versus the Artprice Global Index (Artprice's general Art Market Index that become an authoritative reference in the business over the last 18 years

To create a shock wave and literally reshape the Art Market (in the sense of the “disruptive economy” described by Clayton Christensen) we needed to condense the market's macro- and micro-economic data so that non-initiates could get access to easily understandable and pertinent information about artists and thus be in a position to negotiate on equal terms with seasoned professionals.

In addition, to generate a truly disruptive and viral economy, a major proportion of these indices are free online, and these indices are today essential features of an artist's online profile in freemium mode (the freemium model provides the basic data in free mode and the value-added data in pay mode) generating an irreversible shockwave to the traditional relationship between art buyers and art sellers. This principle will generate an impressive number of new Artprice members because to get access to this freemium mode information they will need to register with Artprice.

Since January 2015, Artprice has accelerated the injection of 85% of its data in online free mode and now provides freeware access to 900 million data covering the period 1700 to the present day (in the form of owner application licenses distributed free of charge but with certain user restrictions) via its agreements with Google (since 2003) and Baidu (China). The same approach has been activated in 2015 with Bing (Microsoft) which has a market share of 18.4% in the USA..


About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF.

Atprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 5860,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 108 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice's art historians.

Artprice permanently enriches its databanks with information from 4,500 auctioneers and it publishes a constant flow of art market trends for the world's principal news agencies and approximately 7,200 international press publications. For its 3,600,000 members, Artprice gives access to the world's leading Standardised Marketplace for buying and selling art.

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/zJssd https://vimeo.com/87859684
News Artmarket: http://twitter.com/artpricedotcom https://www.facebook.com/artpricedotcom
https://plus.google.com/+Artpricedotcom/posts
http://artmarketinsight.wordpress.com/

The 2014 Art Market Report contains the famous Artprice ranking of the world's 500 most sought-after artists, the top 100 auction results, market breakdowns by country and by city, by period and by medium, Artprice indices and 21 chapters that provide an uncompromising analysis of the Art Market. It is available free of charge in PDF format at http://imgpublic.artprice.com/pdf/rama2014_en.pdf

Contact : Josette Mey : e-mail : ir@artprice.com
PDF: Nasdaq EN press release march24 2015