How Artists Fare after Being Featured in The Artsy Vanguard https://ift.tt/LfGCE0i

Last week, we launched the sixth edition of The Artsy Vanguard, which features 10 prodigious rising artists from across the world.

Since its launch in 2018, The Artsy Vanguard has spotlighted emerging artists who are forging new paths in contemporary art. Many of the alumni have gone on to become something akin to “household names” in the art world.

To gauge the impact that The Artsy Vanguard has on its artists, we’ve analyzed the data on the 19 artists who were included in last year’s edition, looking at how their career momentum has grown in the auction market and on Artsy.

How have 2022 Artsy Vanguard artists fared on Artsy?

A recurring theme of The Artsy Vanguard is that featured artists tend to be at a particularly formative moment in their careers, where they are beginning to receive increased attention from galleries and institutions. This was the case yet again for artists of The Artsy Vanguard 2022, as their momentum has been taken to another level since they were featured.

The artists included in The Artsy Vanguard last year saw their Artsy followers increase by an average of 100% in the year since they were featured, compared to just 15% for the top 1,000 most-followed ultra-contemporary artists on Artsy.

Vanguard artists from 2022 also saw the average number of inquirers for their artworks on Artsy rise by 67% year over year since they were featured, signaling both a rise in popularity and demand on Artsy.

How have 2022 Artsy Vanguard artists fared at auction?

Artsy Vanguard artists have experienced a similar upshoot in momentum on the secondary market. The total sum of the 2022 artists’ works sold at auction grew by 375% year over year after their inclusion. The most expensive work to sell at auction by a 2022 Artsy Vanguard artist over the past year was Michaela Yearwood-Dan’s Love me nots (2021), which sold for $881,519 at Christie’s in February. Dominic Chambers was among those to make a splashy debut at auction earlier this year, when Untitled (Karrine in Red) (2020) sold for £60,960 ($73,315) at Sotheby’s; and more recently, Zhang Zipiao set a new auction record for Mushroom Cloud 02 (2021), which sold for CN¥1.26 million ($176,332) at Christie’s in September.

For comparison, when looking at all ultra-contemporary artists during the same time period, the sum of all auction works sold rose 34% year over year.

Artist spotlight: Sahara Longe

At the time that she was selected for Vanguard last year, British artist Sahara Longe was already beginning to experience strong career momentum. In 2021, the artist was featured in a number of group shows at galleries including Gillian Jason Gallery, Ed Cross Fine Art, and Timothy Taylor, which started representing her in 2022.

Since being featured in The Artsy Vanguard last November, though, Longe has broken out as a bona fide art world star. The artist was profiled in Vogue; chosen by King Charles III to paint a portrait of Jesse Stephens MBE in an exhibition on the Windrush generation; and had a buzzy solo show at Timothy Taylor (as well as a sold-out solo booth with the gallery at Frieze Seoul).

At auction, prices for Longe’s works are climbing ever higher. In March 2022, Longe’s work made a strong debut at auction, when Striped Collar sold for £52,920 ($69,881) at Phillips in London. In June 2023, Self-Portrait (2021) sold for a staggering $138,262; and last month, the artist set another record when Party Scene (2021) sold for £176,400 ($214,088) at Christie’s. That’s some ascent.

from Artsy News https://ift.tt/brQdyF1