The Artron Art Market Monitoring Center (AMMA) and Artprice, a well-known French art institution, jointly released the 2021 global art market annual list, which includes the top 10 classical masters artists, the top 10 modern artists, the post-war artists TOP10, the contemporary artists TOP10, and the post-75 artists TOP10 series of lists, which clearly present the "hard currency" in the art market.
Judging from the turnover of artists' works in 2021, Chinese classical masters won the game, with more than half of the listed people on the list, pressing the auction results of classical masters in the European and American markets, among which Xu Yang's work "Pingding Western Regions Sacrifice Gift Map" was sold for 414 million yuan in Beijing Poly on June 6, 2021, ranking second in the global classical masters ranking in 2021.
This is a classical masterpiece that will record a sky-high price in 2021.
It is one of the most beautiful portraits of Sandro Botticelli. Sold for more than 583 million yuan at Sotheby's in New York, Young Man with a Circular Icon became the second-highest-priced lot in the history of the Old Masters.
Despite the financial crisis and the impact of the COVID-19 pandemic, the market for Picasso's works is still unstoppable. In 2021, Picasso's works were traded in 3,462 pieces, with a total transaction value of 4.244 billion yuan, accounting for 4% of the total global turnover alone.
In the 2021 list of the top ten post-war artists, the 92-year-old Yayoi Kusama ranked among the top 10 in the world with a record annual personal turnover of 1.126 billion yuan, making her the first woman in history to enter the top ten list. Kusama's market has undergone profound changes in the past 20 years: from 2000 to 2001, Kusama's major works only appeared in auctions in the United States and the United Kingdom, accounting for 78% of the annual turnover. However, in 2021, 74% of its turnover will come from Asian countries, and it has become the top local class.
The geographical distribution of Kusama's auction turnover shows that Hong Kong has become its first market, with the total auction turnover of Kusama's works in Hong Kong in 2021 accounting for 35% of its annual turnover. It was followed by Japan and South Korea, each accounting for nearly 20 percent. Sales in the United States account for only 12 percent of Kusama's annual sales, up from 46 percent 20 years ago.
In 2021, Zhu Dequn ranked among the top 30 highest-grossing artists in the world. In recent years, Mr. Chu's market has suddenly shifted to Hong Kong (the birthplace of personal records) to satisfy the ardent crowd of Asian collectors: Nearly half of Mr. Chu's works are auctioned in Asia, accounting for 73 percent of his annual turnover.
With over 11 million followers on Instagram, Banks is not only the most popular artist of our time, but also the highest-grossing artist in the world. Its turnover has grown exponentially over the past five years: $3 million in 2016, $7 million in 2017, $16 million in 2018, $29 million in 2019, $67 million in 2020, and more than $205 million in 2021.
In the top 10 list of post-75 artists, Wang Junjie performed prominently. Its market is very international and has not had a first-class auction so far. Its buyers are located in New York, London and Hong Kong. Wang Junjie raised a total of $46 million in 2021, ranking 46th on the list of the world's highest-grossing artists in 2021.
The talented Avery Singer is also sought after by top Collectors in the West and Asia. Avery Singh, represented by Hauser & Wirth Gallery, continued to set her own price record in 2021, and in December it hit a new high of more than 28 million yuan at Christie's Hong Kong auction house,"Untitled (Tuesday)" (2017), which also became the second best auction result in the history of artists under the age of 35.