RCS - artnet AG - Artnet Data and Analytics show key developments
17/01/2022 11:00
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RNS Number : 6591Y artnet AG 17 January 2022
artnet AG / Key word(s): Market Report/Miscellaneous
artnet AG: Artnet Data and Analytics show key developments of art market in
2021, Indicate growth for 2022
17.01.2022 / 10:08
The issuer is solely responsible for the content of this announcement.
Artnet Data and Analytics show key developments of art market in 2021,
indicate growth for 2022
- Post-War and Contemporary Art show strongest growth
- Price development highlights Fine Art's attractiveness as alternative asset
- Pablo Picasso, Jean-Michel Basquiat, Andy Warhol most expensive artists in
2021
- More than $14 Billion worth of art sold at auction in 2021
- Artnet developing AI-supported analytics and predictive technology
New York / Berlin, January 17, 2022: Artnet AG, the leading platform for art
market data and media, and the global marketplace for fine art will deploy
more resources to further develop its AI-supported analytics and business
intelligence products. The development of predictive technologies will be
instrumental for data-driven decision making, especially in terms of art
secured lending, fractionalization, and other financial products.
Over the past few years, and especially in the wake of the pandemic, art has
rapidly developed into a viable alternative asset. With over $14 Billion worth
of fine art sold at auction last year, a hefty increase in comparison to the
$10.1 Billion 2020 total sales, more and more family offices, collectors, and
banks are turning to Fine Art as a viable investment.
The Artnet Business Intelligence team can reveal that especially Post War and
Contemporary Art are showing strong returns, with data suggesting growth in
line with the S&P500. Modern Art and Impressionist Art are on a steady
upwards trajectory. Old Master paintings are experiencing more tepid growth.
The top 10 performing artists over the past year, according to Artnet's
Database, were Pablo Picasso ($657 Million), Jean-Michel Basquiat ($414
Million), Andy Warhol ($341 Million), Claude Monet ($305 Million), Vincent van
Gogh ($235 Million), Gerhard Richter ($225 Million), Banksy ($201 Million), Cy
Twombly ($181 Million), Zhang Daqian ($160 Million), and Yayoi Kusama ($146
Million). The NFT breakout artist Beeple is among the top 20 highest grossing
artists of 2021.
Artnet ended the year 2021 as its strongest performance ever. A pioneering
force in the digitization of the art industry, Artnet's global,
highly-curated, and data-driven platform has been critical in supporting the
continued growth of the art market.
For more exclusive insights, subscribe to Artnet News Pro, which provides
members with decision-driving intelligence about the latest developments in
the global art market, from exclusive news and data reports to opinion from
our acclaimed columnists.
Learn more and sign up: https://news.artnet.com/subscribe
(https://news.artnet.com/subscribe)
Further Investor-relations related news and publications can be found here:
http://www.artnet.com/investor-relations/
About Artnet
Artnet has an unparalleled 60 million unique users annually, making it the
largest global platform for fine art. Founded in 1989, Artnet has
revolutionized the way people discover, research, and collect art today.
Artnet's market data is a mission-critical resource for the art industry,
encompassing more than 15 million auction results and AI- and ML-driven
analytics providing an exceptional level of transparency and insight into the
art market. Artnet's marketplace connects leading galleries and auction houses
with our global audience, offering a curated selection of over 250,000
artworks for sale worldwide. Artnet Auctions, the pioneering online-only
auction platform, offers unprecedented reach, liquidity, and efficiency.
Artnet News covers the events, trends, and people shaping the global art
market with up-to-the-minute analysis and expert commentary. It is the single
most-read news publication in the fine art industry, with a rapidly growing,
and dedicated audience. Together, Artnet's broad synergistic product offering
provides a comprehensive ecosystem that drives and informs the modern art
market.
Artnet AG is listed in the Prime Standard of the Frankfurt Stock Exchange, the
segment with the highest transparency standards. The majority of operations
are headquartered in New York at its wholly-owned subsidiary, Artnet Worldwide
Corporation, a New York based entity founded in 1989. Artnet Worldwide Corp.
owns a London based subsidiary, Artnet UK Ltd.
ISIN: DE000A1K0375
LEI: 391200SHGPEDTRIC0X31
Contact:
Sophie Neuendorf
sneuendorf@artnet.com
Contact:
Sophie Neuendorf
Vice President
17.01.2022 Dissemination of a Corporate News, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Archive at www.dgap.de
Language: English
Company: artnet AG
Oranienstraße 164
10969 Berlin
Germany
Phone: +49 (0)30 20 91 78 -0
Fax: +49 (0)30 20 91 78 -29
E-mail: info@artnet.de
Internet: www.artnet.de
ISIN: DE000A1K0375
WKN: A1K037
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in
Berlin, Dusseldorf, Stuttgart, Tradegate Exchange
EQS News ID: 1269462
End of News DGAP News Service
1269462 17.01.2022
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