Mark Grotjahn: Art Market Report – May 2017

• Analyst: James Cocksey
• Pages: 9
• Access: Analyst

Grotjahn’s auction market set for new sales records in 2017. After a 51% slowdown in auction sales of artworks by Mark Grotjahn in 2016, this year could elevate his auction market to new heights. Despite the first quarter of this year only generating $70,000 in sales, New York sales in May will offer works with a low estimate of $21,825,000. If successful, the Grotjahn market could exceed its previous auction sales peak in 2013, already this month.

$85 million of Grotjahn’s work sold at auction since 2006. Between 2006 and 2016, $85 million has been raised in auction sales for artworks by Mark Grotjahn. 154 lots have been sold, out of a total offering of 182 lots. 2013 saw sales of $22.1 million, the highest total value for a single year to date. Total sales in 2016 were 67% lower than Grotjahn’s 2013 auction peak, with a total value for the year of $7.3 million. The average price achieved for the 2006-2016 period has been $552,000. Within evening auctions only, the average price increased to $977,000 and peaked in 2015 at $1.8 million.

This Market Report is the first Grotjahn research published by ArtTactic and is to be followed by regular updates.

ArtTactic also offer bespoke reports on the Mark Grotjahn market. For further information please contact us on info@arttactic.com.

The report contains the following elements: 

Grotjahn Market Background.

Exhibition Analysis 2000-2016.

Total Sales, Average Prices and Hammer-Ratio analysis. 2006-2016.

Analysis by segments including; Breakdown by Size Segments, Series and Auction Houses 2006-2016.

Analysis by Face Painting and Butterfly Painting Series 2006-2016.

Price Segmentation and Top 50 Price Analyses 2006-2016.

Grotjahn Market Short-term Confidence analysis.