Artmarket.com fosters art market transparency via Artprice subscriptions
In some cases, it is also no longer possible to have any real contact with a given lot before it goes under the hammer. Artprice is therefore redoubling its efforts to offer a complete range of tools that allow its members to follow all the works put up for auction and fully understand the evolution of their prices.
"Online sales have not yet completely proven their credentials" says thierry Ehrmann, President and Founder of
Still too early to draw conclusions...
The high-end market has been particularly slow over the past twelve months. For example,
Two types of essential information
Auctions constitute the sector of the art market that is considered the most transparent since lot descriptions as well as the results must be made public. However, not all relevant information is always presented in a catalog, such as, for example, the identity of the former owners of a work. Moreover, the websites of auction operators – even those of the major houses – make it very difficult to search for information on past sales of similar works.
The notion of market "transparency" suggests primarily two types of additional information which must be easily accessible: the characteristics of all the products, but also, for each product, the quantities offered and sought after.
The advantage of the services offered by Artprice subscriptions is that they are based on an exhaustive and structured collection of all the results of public auctions around the world. Our standardization of the main characteristics of artworks – dimensions, year of creation, auction estimates, references to catalogues raisonnés, etc. – makes it easy to identify those that match your precise search criteria.
Because the number of results can be very high, Artprice makes available to its subscribers (Advanced and Professional) a complete set of interactive statistics for each artist. These provide a global and essential overview of past sales that includes chronological price evolution, geographical distribution and breakdowns by price range and category (medium).
Better fluidity... but not better transparency
The digitization of sales catalogs and the proliferation of auction platforms have certainly improved the fluidity of the art market. But transaction costs have not fallen… they have actually risen. Moreover, the information disclosed by Auction Houses is not more detailed. Artprice has however noticed one exception: certain operators have taken to indicating number of bids recorded on each lot during an online sale, thereby providing an additional measure of the market's appetite.
In order to remain independent, Artprice has decided not to allow bidding directly on its platform, preferring to provide direct links to the websites of partner Auction Houses.
Artprice wants to ensure that all its subscribers get unlimited consultation of all past sales results (including those catalogued in the Enrique Mayer publications since 1962 and those in
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Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by
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Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information in databanks containing over 30 million indices and auction results, covering more than 748,000 artists.
Artprice Images® allows unlimited access to the largest
Artmarket with its Artprice department accumulates data on a permanent basis from 6300 Auction Houses and produces key
Artmarket with its Artprice department, has been awarded the State label "
Artprice by Artmarket's 2019 Global Art Market Report published in
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