Artprice by ArtMarket Presents the Top 25 Street Artists: Banksy's Success in Not a Market Anomaly

Published

PARIS, Oct. 24, 2019 /PRNewswire/ -- With a new auction record of $12.2 million hammered at the beginning of October, street artist Banksy definitely stands out on the Art Market. But don't forget that earlier this year, in April, Kaws – another artist from the graffiti scene – reached a new record of $14.8 million in Hong Kong. And what about Jean-Michel Basquiat and Keith Haring?

Despite Banksy's incognito status, Street Art is no longer an anonymous art form; who hasn't heard of Sherpard Fairey (Obey) or Invaders? Who doesn't know Stik's little men? From the Berlin Wall to Wynwood (Miami), Street Art is not only tolerated by local authorities, it has become an attraction and even a 'must-see' for tourists. For the Art Market, the street has become a kind of hothouse incubator.

thierry Ehrmann, founder /CEO of ArtMarket.com and its Artprice department: "Long considered an illegal practice, Street Art has become the height of luxury and is now collected by movie stars : Brad Pitt, Pharrell Williams, Leonardo DiCaprio. Basquiat sometimes repainted the walls of his friends'  apartments… Who would complain about that today? It's in the nature of man – and especially of political authorities – to complain first, and then, after observing the reactions of amateurs and professionals to finally accept. The Art Market is usually well ahead of public recognition. There's an obvious parallel with the history of the Abode of Chaos, ArtMarket.com's head office, which is following a similar path. Now a cutting edge Contemporary Art Museum, its vision is perfectly captured in Julien Bouisset's latest article in the French Magazine Nouvel Observateur: The Abode of Chaos, a prototype of tomorrow's museum".

Read the article: https://www.nouvelobs.com/2049/20191022.OBS20117/la-demeure-du-chaos-prototype-du-musee-de-demain.html

Watch the video: https://www.youtube.com/watch?v=29LXBPJrs-o&feature=youtu.be

The 75 edition of France's Special Journal of Companies (Journal spécial des Sociétés) explores the legal landscape surrounding Street Art with an issue entitled "Street Art at the crossroads of the Law" (Le street art au carrefour des droits). In her introductory article, Françoise Labarthe explains: "Today, the notion of Street Art or Urban Art is no longer solely linked to its physical location. It has become a 'movement', a way of expressing oneself. Indeed, an artist can be described as a street artist without having ever painted in the street. The notion has become completely flexible, applying to work that is now exposed in galleries and is the subject of "Urban Art Fairs", crossing from criminal and delinquent to legal… from stigma and disapproval to recognition... from the ephemeral to the perennial."

The same edition contains an interview with street artist Miss.Tic who, in answer to the question "Do you think Urban Art still has a transgressive or clandestine nature?" says "Like all movements, at first they are transgressive, then they become official. I was part of the transgressive phase, but today, Street Art has lost this dimension. Of course, the content can be subversive… my thoughts can be too... but street painting is only subversive if it steps beyond the acceptable, without prior permission"... adding, "The street can act as a spotlight; but today it has also become a market and an economy."

Read the full edition: https://www.jss.fr/JSS_AS_WEB/DOC/JSS/2019/JSS_75.pdf

Top 25 street art / graffiti artists at auction in 2019*

*from 01/01/2019 to 20/10/2019

Artist - Country of origin - Auction Turnover (2019 *)

  1. Jean-Michel BASQUIAT - United States - $93,849,000
  2. KAWS - United States - $90,305,600
  3. Keith HARING - United States - $26,445,400
  4. BANKSY - United Kingdom - $24,594,500
  5. INVADER - France - $1,507,800
  6. STIK - United Kingdom - $1,184,800
  7. JONONE - United States - $710,700
  8. Shepard FAIREY - United States      - $623,300
  9. FUTURA 2000 - United States - $328,300
  10. MR BRAINWASH - France - $258,800
  11. VHILS - Portugal - $204,300
  12. BLEK THE RAT - France - $174,500
  13. RETNA - United States - $145,100
  14. JR - France - $125,800
  15. CRASH - United States - $117,900
  16. SPEEDY GRAPHITO - France - $109,400
  17. A-ONE - United States - $99,300
  18. SEEN - United States- $65,000
  19. C215 - France - $60,000
  20. QUIK - United States - $54,700
  21. FAILE - United States - $49,800
  22. ZHANG Dali - China - $ 31,300
  23. D * FACE - United Kingdom - $21,700
  24. SWOON - United States - $20,300
  25. COPE2 - United States - $17,600

This ranking of street artists by their 2019 auction turnover highlights a market in full expansion:

  • Kaws is now almost as powerful as Basquiat on the secondary market
  • Invader and Stik have both generated over $1million since the beginning of the year
  • American street artists dominate sales, ahead of English and French artists
  • Zhang Dali brings China to the international street art scene

Zhang Dali is currently taking part in an exhibition titled From China with love at Galerie Danysz in Paris (until 30 November 2019).

Exhibition link:

http://magdagallery.com/en/exhibitions/presentation/128/from-china-with-love

Copyright 1987-2019 thierry Ehrmann www.artprice.com - www.artmarket.com

About Artmarket:

Artmarket.com is listed on Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF.

Discover Artmarket and its Artprice department on video: https://en.artprice.com/video

Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur, created in 1987.

See certified biography in Who's who ©:

https://imgpublic.artprice.com/img/wp/sites/11/2019/10/biographie_oct2019_WhosWho_thierryEhrmann.pdf

Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information in databanks containing over 30 million indices and auction results, covering more than 700,000 artists.

Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.

Artmarket with its Artprice department accumulates data on a permanent basis from 6300 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 4.5 million 'members log in' users have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® to buy and sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321.3 of France's Commercial Code).

Artmarket with its Artprice department, has been awarded the State label "Innovative Company" by the Public Investment Bank (BPI) (for the second time in November 2018 for a new period of 3 years) which is supporting the company in its project to consolidate its position as a global player in the market art.

Artprice by Artmarket's 2018 Global Art Market Report published in March 2019: https://fr.artprice.com/artprice-reports/le-marche-de-lart-en-2018

Index of press releases posted by Artmarket with its Artprice department:

http://serveur.serveur.com/press_release/pressreleasefr.htm

Follow all the Art Market news in real time with Artmarket and its Artprice department on Facebook and Twitter:

https://www.facebook.com/artpricedotcom (4.5 million followers)

https://twitter.com/artmarketdotcom

https://twitter.com/artpricedotcom

Discover the alchemy and universe of Artmarket and its artprice department http: //web.artprice.com/video headquartered at the famous Organe Contemporary Art Museum "The Abode of Chaos" (dixit The New York Times): https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013

https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 

(4 million followers)

https://vimeo.com/124643720

https://www.facebook.com/the.demeure.du.chaos.theabodeofchaos999

Contact Artmarket.com and its Artprice department

Contact: thierry Ehrmann, ir@artprice.com

Photo - https://mma.prnewswire.com/media/1016821/Artprice_Infographic.jpg Logo - https://mma.prnewswire.com/media/817151/Artprice_Logo.jpg

 

 

SOURCE Artprice.com

In This Story