Get two issues of Forbes for FREE! Help | Connect | Sign up | Log in MostReadonForbes INVESTING | 4/26/2013 @ 6:11PM | 716 views Top Selling Artists at Auction in Miró A photographer looks at Pablo Picasso's 'Deux nus couches' at Christie's auction house in Hong Kong on April 2, 2012. (Image credit: AFP/Getty Images via @daylife) PabloPicassowasthetopsellingartistat auctionbyvalueinthefirstquarterof2013with sales of $87.6 million, according to a recent artnet ($44.9 million), Joan Miró ($44.3 million), Amedeo Modigliani ($43.1 million), Jean- Michel Basquiat ($42.3 million), Francis Bacon ($36.8 million), Claude Monet ($30.2 million), René Magritte ($29.2 million), Egon Schiele ($28.0 million) and Pierre-Auguste Renoir ($22.2 million). Plentyofthesame names that populated last year’s list popup again, although Andy Warhol didn’t make thetop10inthefirst quarter, after finishing2012atthetopofartnet’srankingwith $380.5 million of sales. Nor did any Chinese artists makethetop10,whenQiBaishi,ZhangDaqianand LiKeranallfeaturedinthefullyear2012results. Obviously, you can’t read too much into quarterly results, particularly when the sale of just one multi- million dollar painting can assure a high ranking, whichisthecertainlytrueofModiglianiafterhis portrait of Jeanne Hebuterne sold for $42 million at Christie’s in London this February. That’s clearly not the case for Picasso, though. Over 2,700ofhisartworkschangedhandsatauctionlast year,while645ofhisworkssoldinthelastquarter, NEWS People Places Companies Follow(50) Kathryn Tully, Contributor I write about art and investing China Brings Down Global Art MarketInQ1But U.S. And Europe FeedTheBulls Agustino Fontevecchia Forbes Staff Review:SamsungGalaxyS4IsKitchen SinkOfSmartphones +197,758 views IsTheiPhone5SFingerprintReader WorthTheWait? +80,642 views Samsung'sGalaxyS4DisplayCatches UpWithiPhoneRetina +65,749 views 'GameOfThrones'Season3Episode5 Review:'KissedByFire' +60,145 views The10HappiestCitiesForYoung Professionals +49,644 views 33 186 13 0 0 Comment Now Follow Comments NewPosts MostPopular Lists Video Search companies, people Page 1 of 4 Top Selling Artists at Auction in First Quarter: Picasso, Richter, Miró - Forbes 4/29/2013 http://www.forbes.com/sites/kathryntully/2013/04/26/top-selling-artists-at-auction-in-first-...
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INVESTING | 4/26/2013 @ 6:11PM | 716 views
Top Selling Artists at Auction in
Miró
A photographer looks at Pablo
Picasso's 'Deux nus couches' at
Christie's auction house in Hong
Kong on April 2, 2012. (Image
credit: AFP/Getty Images via
@daylife)
Pablo Picasso was the top selling artist at
auction by value in the first quarter of 2013 with
sales of $87.6 million, according to a recent
artnet
($44.9 million), Joan Miró ($44.3 million),
Amedeo Modigliani ($43.1 million), Jean-
Michel Basquiat ($42.3 million), Francis Bacon
($36.8 million), Claude Monet ($30.2 million),
René Magritte ($29.2 million), Egon Schiele
($28.0 million) and Pierre-Auguste Renoir
($22.2 million).
Plenty of the same
names that populated
last year’s list pop up
again, although Andy
Warhol didn’t make
the top 10 in the first
quarter, after
finishing 2012 at the top of artnet’s ranking with
$380.5 million of sales. Nor did any Chinese artists
make the top 10, when Qi Baishi, Zhang Daqian and
Li Keran all featured in the full year 2012 results.
Obviously, you can’t read too much into quarterly
results, particularly when the sale of just one multi-
million dollar painting can assure a high ranking,
which is the certainly true of Modigliani after his
portrait of Jeanne Hebuterne sold for $42 million at
Christie’s in London this February.
That’s clearly not the case for Picasso, though. Over
2,700 of his art works changed hands at auction last
year, while 645 of his works sold in the last quarter,
NEWS People Places Companies
Follow(50)
Kathryn Tully, Contributor
I write about art and investing
China Brings Down Global Art Market In Q1 But U.S. And Europe Feed The Bulls
Agustino Fontevecchia
Forbes Staff
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Up With iPhone Retina+65,749 views
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Review: 'Kissed By Fire'+60,145 views
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Page 1 of 4Top Selling Artists at Auction in First Quarter: Picasso, Richter, Miró - Forbes
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