2008 Art Auction Records – artmarketblog.com

2008 Art Auction Records – artmarketblog.com

The art world gurus at artnet.com have compiled a list of new art records set between the 1st of January 2008 and the 30th of June 2008 and ranked according to sale price all the way down to $100,000. According to artnet “Overall, the sprawling list of almost 1,000 new records dramatically reflects the triumphant globalization of the art market. The fall of communism was the best thing that ever happened to the art business, opening up huge new markets of millionaire art collectors. The ranking is filled with “new” names from Canada, China, India, Iran, Pakistan, Russia; sales devoted to Scottish art, Irish art, Scandinavian art and Greek art all had individual works being bought for more than $1 million. The booms in 19th-century American and Victorian art continue, as does the rapid growth of auctions held in Asia and the Mideast. The rise in value also delves into the second and third tiers of familiar art movements, and extends backwards in time as well, including early modernists and 19th-century pioneers.”

To take a look at the top 156 names check out this link which provides the details in a pdf format:
http://www.artnet.com/magazineus/news/artmarketwatch/new_art_records_2008.pdf

Thanks artnet !!!

**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications