Global art markets have topped Euro 5.9 billion, highest level reached, with more surprising results;Damien Hirst reveals his oiled PR machine

 

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Are you a gifted photorealist painter looking for a more permanent work arrangement? Has the precariousness of freelance life burnt you out?

Science UK LTD, the company under which YBA and entrepreneur Damien Hirst runs his various operations  is recruiting photorealist painters, so clean your brushes, prep your CV, and keep your fingers crossed.

The recruitment ad has triggered a flurry of speculation. Is Hirst turning his creative eye towards the world of photorealism? Has he grown bored of painting (or rather, asking his assistants to paint) butterflies and spots?

The last time Hirst tried to think outside the box, he created a series called No Love Lost, Blue Paintings that looked like bad Francis Bacons and got slammed by the press.

When they were exhibited in 2009, the Independent ran a review titled “’Are Hirst’s paintings any good? No, they’re not worth looking at’,” while the Guardian gave the show two stars and a review titled “Damien Hirst’s paintings are deadly dull.”

Still, prospective photorealist painters could give Hirst’s canvases the boost they so badly need.

The ad, posted on the Jobs section of the Guardian, lists the following requirements: “Experience of working with oil paint necessary, good color matching skills, and attention to detail are essential for this position. Candidates must have a BA (Hons) degree in Painting or an Arts related degree. This position is full time, fixed term and the location will be in either London or Devon.”

An estimate salary, however, is not listed. Hopefully it won’t be a question of “art for art’s sake.”

THE SCAMS AND How ISIS is being funded

Here are the key findings everyone will soon be talking about:

 The global art market reached a total of over €51 billion in 2014, an increase of 7 percent over 2013, and the highest level ever recorded.

The distribution of sales by value in the global art market was dominated by the three major art markets: the US (39 percent); China (22 percent); and the UK (also 22 percent).

ONLY 1530  LOTS SOLD FOR MORE THAN EURO 1 MILLION, INCLUDING THOSE SOLD FOR MORE THAN OR EURO 10 BILLON? 

Approximately 1,530 lots were sold at auction for over €1 million in 2014 (this includes 96 lots for more than €10 million), up nearly 17 percent from 2013.

DEALER SALES

The dealer sector (including dealer and gallery sales and private sales within the art trade) was estimated to account for around 52 percent of the global art and antiques market by value, or some €26.4 billion in 2014.
POSTWAR (In 2014 postwar and contemporary art was the largest sector of the fine art market), representing 48 percent of all fine art sales by value. Auction sales of postwar and contemporary art reached €5.9 billion, up 19 percent on 2013 and the highest total ever recorded.

USA SALES REIGNED SUPREME

The US was the key center worldwide for sales of postwar and contemporary art with a share of 46 percent of the market by value.

MODERN ART SECOND LARGEST  GENRE BY SALES

Sales of modern art were the second largest, accounting for 28 percent of the global fine art auction market with auction sales of €3.3 billion.

180 ART FAIRS ACCOUNTED FOR VISITORS IN EXCESS OF MORE THAN 1 MILLION IN ATTENDENDENCE, ART MARCO IN SPAIN WAS THE HIGHEST  IN ATTENDANCE

In 2014, there were 180 major art fairs with an international element, covering fine and decorative art. The top 22 fairs generated visitors in excess of one million.

SALES AT FAIRS WERE 40% OF ALL ART DEAER SALES

Sales made at fairs accounted for a reported 40 percent of all dealer sales in 2014 or an estimated €9.8 billion (the second largest sales channel after in-gallery transactions).

ONLINE ARTSALES ARE GROWING AND RESONSIBLE FOR 3.3 % OF ALL ART SALES

In 2014, sales of art online were estimated conservatively to have reached €3.3 billion, or around six percent of global art and antiques sales by value.
The middle market has been the focal point for online selling with the majority of sales taking place between about $1,000 and $50,000.
Art fairs were again the second largest item of expenditure at €2.3 billion or 19 percent of the total despite only being incurred by dealers.

http://news.artnet.com/art-world/2015-tefaf-art-market-report-key-findings-275328?utm_campaign=artnetnews&utm_source=031115dailyl

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