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|Sales Value 2007 - 2020 (Modern and Contemporary)||PNG CSV|
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Market Analysis: Modern & Contemporary Middle Eastern and North African Art Auctions 2020
- Analyst: Lindsay Dewar
- Pages: 22
- Access: Analyst
The pandemic takes its toll on the MENA Modern & Contemporary art market, although the shift to online has created new opportunities.
The MENA Modern and Contemporary Art Market contracts 37% in 2020: Overall, it was a challenging year for the MENA art auction market. The Covid-19 pandemic has impacted the region’s major art events from art fairs, biennials, museum exhibitions to auctions. Auction sales raised a total of $21.2 million against pre-sale estimates of $20.2 to $28.7 million. This was 36.8% lower than the auction sales total in 2019. Weaker sales at Tehran Auction and Christie’s were key contributing factors to the decline.
About this report:
This report presents an in-depth comparative analysis of the auction market for Modern & Contemporary Middle Eastern and North African artists sold by Christie’s, Sotheby’s, Bonhams and Tehran Auctions in 2020. The analysis also provides analytical tools looking at annual trends beginning in 2007 through to 2020 as well as a breakdown of the market by artists’ country of origin and art sectors.
Who is it for?
This report is popular among art advisors, auction houses and collectors of emerging art sectors who want to get an overall feel for the current market trends, yet an in-depth view into some of the key current sales dynamics in the modern and contemporary Middle Eastern and North African art auction market.
Comparable Performance: Modern & Contemporary Middle Eastern and North African art auction sales performance comparison between Christie’s, Sotheby’s, Bonhams and Tehran Auctions including: Total sales, Average Prices and Market Share.
Auction Overview Dashboards: Auction breakdown by price brackets, gender, country of origin, medium and living vs. deceased artists.
Top Prices: Ranking by the highest prices achieved and by top price-to-estimate performance.
Country Sector Analysis: Breakdown of auction sales by artists’ country of origin for Christie’s, Sotheby’s, Bonhams and Tehran Auctions sales.
Market Sector Analysis: Breakdown of auction sales by modern and contemporary segments for Christie’s, Sotheby’s, Bonhams and Tehran Auctions.