NextGen Artists Global Report 2018
|Report Type||Market Report|
We are delighted to publish the new NextGen Artists Global Report 2018, a collaboration between JLT Specialty and ArtTactic.
This inaugural report presents the next generation of international artists aged 40 or below, highlighting trends within gender, education, artist hubs, art market and museum exposure.
TOP NEXTGEN ARTISTS: Njideka Akunyili Crosby (Nigeria), Camille Henrot (France), Jordan Wolfson (United States), Jonathas de Andrade (Brazil) and Alicja Kwade (Poland) head up the Top 500 NextGen artist ranking in 2018.
ARTIST HUBS: New York is the undisputed artists’ hub internationally. 24.2% of the Top 500 NextGen artists live and work in New York (37% of the Top 100 live in New York). London is the 4th most important artists’ hub, with 8.7% of the Top 500 NextGen artists.
MIGRATION: 40% of the Top 500 NextGen artists moved from their country of birth to develop their artistic practice and career abroad. 72% of artists studying abroad end up living and working in the country of their final degree.
EDUCATION: London is the most popular choice for Master’s students. 17% of the Top 500 NextGen artists that have taken a Master’s degree studied in London, followed by 14% in New York, 8% in Los Angeles, and 7% in Frankfurt.
GALLERIES: 32% of the Top 500 NextGen artists are represented by a gallery with a base in New York, and a further 22% of artists have a gallery based in London.
GENDER: Male-bias in the auction market for Top 500 NextGen artists, with 61% male artists compared to 39% female. For artists with a significant presence in the auction market (over 25 lots) – the gender gap increases to 85% male and 15% female.
AUCTION: Just under half (48%) of the Top 500 NextGen artists have had one or more of their art works appear for sale up at auction.
SOCIAL MEDIA: 67% of the Top 500 NextGen artists have Instagram accounts, although only 17% of the artists have 5,000 followers or more.