2011 /$ 1.7 billion - Modern Art

[Dogel]

Total sales of contemporary art, which is implemented on the evening auctions Auctions Christie's and Sotheby's in 2011, $ 1.7 billion. These data provide experts Bloomberg. They estimate that the market has grown by 35 percent compared with last year, when sales reached $ 1.2 billion. Experts estimate the results of 12 major contemporary art auction, which for years conducting auctions in London and New York. Sotheby's auction house in the past year was able to sell works of contemporary art at 844.1 million dollars. Turnover at Christie's evening auctions amounted to 834.3 million dollars. Collectors generally prefer to buy the work is already well-known and "trusted" authors like Gerhard Richter. The agency notes that the prices for the work of some artists have failed to reach pre-crisis figures of 2008. Phillips de Pury, who specializes in the sales of lesser-known artists, was rescued from the contemporary art auction 208.3 million, an increase from 2010, the 7 million. Gerhard Richter is one of the most expensive contemporary artists. In recent years, several of his paintings were sold for amounts in excess of $ 10 million, the most expensive painting Richter, who this year set a record at Christie's, was the "Candle" (1982), sold for 16.6 million
of dollars.