Mark Grotjahn: Artist Market Report – December 2018
|Report Type||Artist Report|
The Grotjahn market fails to sustain the record sales in 2017: Total sales in 2018 are currently at $12.7 million, down by 61% from total auction sales in 2017. Eighteen lots have so far been offered for sale in 2018, only one lower than 2017.
Market softening as prices fall below average expectations: Three quarters of lots sold have been below the mid-estimate in 2018, accounting for a total value of $11.4 million. Almost 60% of lots achieved prices equal to or just below the low-estimates with a value of $7.1 million. Sales above the mid-estimate accounted for only 10% of total sales value in 2018 (sales of $1.3 million), significantly down from 53% of total value sold ($17.1 million) in 2017. With seller’s price expectations exceeding buyer’s willingness to pay, we expect estimates to reflect this market softening going forward.
Market confidence points to improved outlook for 2019: Despite weaker auction sales in 2018, the short-term market confidence indicator for Grotjahn jumped 35% in the first 9 months of 2018 (in the latest ArtTactic Artist Confidence), from 63.4 to 85.7, signalling that experts believe the market will improve in the coming 6 months. 43% of the experts surveyed believe the Grotjahn market will sustain its importance in the long-term..
This Market Report is the second artist research report 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 firstname.lastname@example.org.
The report contains the following elements:
Grotjahn Market Background and Timeline.
Exhibition Analysis 2000-2018.
Grotjahn Art Market Confidence survey results.
Total Sales, Average Prices and Hammer-Ratio analysis. 2006-2018.
Analysis by segments including; Breakdown by Year of Creation and Medium.
Artwork Analyses: Butterfly Paintings and Face Paintings.
Price Segmentation and Top 10 Price Analyses.
Repeat Sales Analysis.