Mark Bradford: Artist Market Report – July 2019
|Report Type||Artist Report|
This is the inaugural ArtTactic report on the market for Mark Bradford (American, b. 1961). The report analysis takes a forensic look at different aspects of his market, including experts’ market confidence, exhibition and institutional analysis, as well as an in-depth look at every aspect of his auction market, broken down into specific series of works that underpins his career.
Selected Report Findings:
Short-and long-term confidence remains high: Between October 2018 and May 2019, short-term confidence (6 month outlook) in Mark Bradford’s market saw a slight decrease (down 4%), but still signals a strong positive consensus among experts about the short-term future of this market.
Mark Bradford’s auction market gained momentum in 2018: Bradford’s auction market reached a new peak in 2018, with total sales of $40.9 million, significantly higher than the $6.9 million reached in 2017 and up 13.1% from the total pre-sale mid-esti- mate value of $36.1 million in 2018.
Less museum exposure offset by increased commercial exhibition activity in 2018: Since the late 1990s, 80% of Bradford’s exhibition activity has been non-commercial, comprising institutional exhibitions within not-for profit galleries/foundations or public museums. Commercial presentations have by comparison been limited, representing just 15% of exhibitions overall. Institutional exposure has reduced significantly by number of shows during the past eighteen months, with only six non-commercial exhibitions between 2018 and the present.
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The report contains the following elements:
Mark Bradford Market Background and Timeline.
Exhibition Analysis 2000-2019.
Mark Bradford Art Market Confidence Analysis.
Total Sales, Average Prices and Hammer-Ratio analysis. 2008-2019.
Analysis by segments including; Breakdown by Year of Creation and Medium.
Artwork Analyses: ‘X’ Paintings and ‘Fire’ Paintings, Sculptures, Drawings and Prints.
Price Segmentation and Top 10 Price Analyses.
Analysis of the Market for Collaborative Works
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