Top 10 Art Auction Gains in 2019

The resale of artworks illustrates the financial potential of Art, a potential that depends on numerous factors including the artists’ notoriety, the intrinsic qualities of the works and, of course, the intensity of demand over time.

While the average return on art investments is approximately 4.6% per annum for an average duration of 13 years, certain works obviously generate much better returns, especially in the Contemporary Art segment.

Artprice.com have put together a top ten list of the art pieces that have increased in value in the most over the first 6 months of 2019:

Top 10 Auction Gains in 2019:

1. Jean-Michel Basquiat: Apex (1986) +36,685% in 31 years
$10,815,000 on 5 March 2019 – Sotheby’s London
$29,400 on 30 June 1988 – Christie’s London

2. Daniel Buren: Peinture acrylique blanche (1968) +10,111% in 22 years   
$357,400 on 8 March 2019 – Phillips London   
$3,500 on 26 February 1997 – Libert-Castor Paris

3. Alexander Calder: Fish (1952) +8,752% in 32 years   
$17,527,000 on 15 May 2019 – Christie’s New York  
$198,000 on 4 November 1987 – Sotheby’s New York

4. Fengmian Lin: Wisteria +7,182% in 27 years  
$1,321,700 on 2 April 2019 – Sotheby’s Hong Kong  
$18,150 on 1 June 1992 – Sotheby’s New York   

5. Yayoi Kusama: Midsummer (1983) +5,840% in 19 years  
$427,700 on 6 March 2019 – Sotheby’s London   
$7,200 on 30 June 2000 – Sotheby’s London

6. Fei’an Yu: Parrot (1945) +5,600% in 29 years  
$786,600 on 2 April 2019 – Sotheby’s Hong Kong  
$13,800 on 15 November 1990 – Sotheby’s Hong Kong

7. Jean-Michel Basquiat: Untitled (1987) +4,617% in 26 years  
$1,321,000 on 5 March 2019 – Sotheby’s London   
$28,000 on 25 March 1993 – Christie’s London

8. Pierre Soulages: Painting 130 x 89 cm, 2 March 1961 +3,402% in 32 years 
$3,046,900 on 5 June 2019 – Sotheby’s Paris  
$87,000 on 2 July 1987 – Sotheby’s London

9. Christopher Wool: Untitled (1986) +3,324% in 21 years  
$630,000 on 27 June 2019 – Phillips London   
$18,400 on 13 November 1998 – Christie’s New York

10. Jean-Michel Basquiat: Soothsayer (1983) +2,924% in 17 years  
$998,000 on 5 March 2019 – Sotheby’s London   
$33,000 on 28 June 2002 – Christie’s London

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