[Евгений]

Interesting information on the site ARTinvestment.RU - (03.07.2010)
Video art, quite frankly, do not Take it to the most investment attractive segments of the art market: auction houses are much more zhaluyut "traditional" works such as paintings or sculptures. However, this type of art, keeping up with the development of computer and communication technology, continues to attract ambitious artists, who see in it a vast field for experimentation.

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The number of video artists whose work is steadily making progress on the secondary market is very small. The reason for this is not just that video art seems much less approachable (and certainly less "interior"), for example, than painting, but also uncertainty about the future collectors of these works - the kind of art highly dependent on technology, as they are known, quickly become obsolete. In the first ten auction results published by Artprice.com, we see only three names: Bill Viola (Bill Viola), Nam June Paik (Nam June Paik) and Mike Kelly (Mike Kelley), the latter being known mainly because of his installation, paintings and photographs. His work "The Game" crib ", which was sold in 2008 at Christie's, the rating takes into ninth place.


Bill Viola
Captivity. Fragment of video installations. 2001
Source: artnet.com

Bill Viola, without doubt, is the most popular video artist in the world. List Artprice has five of his works. Although he had to wait long for recognition at the auction market: the first exhibition of Viola (in the famous New York-based alternative gallery The Kitchen) was held in 1974, and at public auction of his creation first appeared only 28 years later. But this sale was the best for the entire 2002 debut auction market contemporary art. Since then, the work of Viola put up for auction 36 more times - relatively few. But prices are continuing to climb up: for example, video "Witness" (2001), which brought in 2005, 320 thousand dollars, was resold in 2007 for 500,000 (56 per cent increase!). The most expensive of its product (and most expensive video installation in the world) is the "Eternal Return" (2000), can be applied 330,000 pounds (613,000 dollars) at the Phillips in October 2006.


Nam June Paik
Wright Brothers. 1995
Source: artnet.com

In the second place in the list climbed "The Wright Brothers" (1995), father of video art by Nam June Paik. In November of 2007, this well-known installation went to Hong Kong Christie's for 540,000 dollars (twice the lower estimeyta). In May of that year, his "Little Buddha" (2001) was sold for 294,000. Yeah, good was 2007-the first for the market of contemporary art! "Income" Paik was much as 2.24 million euros - as many have brought all of its auctions in the previous ten years. This year too, however, quite good: in the first six months the owners have changed more than thirty works of Korean video artist. Most brought "Rocket to the virtual Venus" (1991), bought at Christie's for 308,000 (number six in the rankings). Another symbolic sum in 2010 - 422,000 for "Captivity" (2001) of Viola. Perhaps we will soon be seen in this segment of the new records.

While the list of the most expensive works of video art looks like:

Bill Viola, pp. 1951. Eternal Return (2000). 613.6 thousand dollars. Phillips de Pury, London, 14 October 2006.
Nam June Paik, 1932-2006. The Wright Brothers (1995). 540.1 thousand dollars. Christie's, Hong Kong, 25 November 2007.
Bill Viola. Witness (2001). 500 thousand dollars. Sotheby's, New York, November 15, 2007.
Bill Viola. Captivity (2001). 421.8 thousand dollars. Sotheby's, London, February 10, 2010.
Bill Viola. Witness (2001). 320 thousand dollars. Christie's, New York, November 8, 2005.
Nam June Paik. Launch the virtual Venus (1991). 308.16 thousands of dollars. Christie's, Hong Kong, May 29, 2010.
Nam June Paik. Little Buddha (2001). 293.9 thousand dollars. Christie's, Hong Kong, May 27, 2007.
Bill Viola. The Return (2008). 280 thousand dollars. Sotheby's, New York, February 14, 2008.
Mike Kelly, pp. 1954. Playing in the crib (2004-2005). 250 thousand dollars. Christie's, New York, May 13, 2008.
Nam June Paik. Enlightenment 78 rpm. 232.2 thousand dollars. Christie's, Hong Kong, May 28, 2006.
 

Material prepared by Julia Maksimova, AI