Monday, September 25, 2023

David Hockney and, strikingly, Aboudia, were the best-selling artists of 2022. https://ift.tt/Jm63Gy8

sans titre, ca. 2020
Aboudia
Christophe Person

Aboudia (a.k.a. Aboudramane Diarrassouba) had more artworks sell at auction than any other in 2022, according to the The Hiscox Artist Top 100 report. The Ivorian artist sold a total of 75 lots in 2022, outpacing well-known artists like Damien Hirst and Edgar Plans, who sold 73 and 65 works at auction respectively.

The report, which was published today, also found that David Hockney led in auction value in 2022, generating a staggering $75 million. The British artist’s dominance in auction value was highlighted by the sale of his painting Winter Timber (2009), which fetched $23 million at a Christie’s auction in New York last November. His total sales for works outpaced other notable artists like Yoshitomo Nara and Cy Twombly, who, in 2022 generated $49 million and $46 million, respectively.

The Hiscox report also spotlighted other key market trends. Banksy, who had been a five-year leader in sales value, experienced a sharp decline in 2022, with total value dropping by 73%, and the number of unique works coming to auction falling by 33%. Additionally, the market saw a significant surge in what the report names “wet paint” sales—artworks auctioned within two years of creation—which skyrocketed by 166% in 2022.

“Banksy and KAWS have dominated the past five years but that’s not the whole story. The popularity of contemporary art is influenced by what is happening at a specific time, so it’s not surprising to see money flowing to more established artists like Hockney last year, as the economy experienced significant turbulence,” said Robert Read, Head of Art and Private Clients at Hiscox.



from Artsy News https://ift.tt/HKd94Qp

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