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PARIS, June 29, 2021 /PRNewswire=KYODO JBN/ --

The international enthusiasm surrounding Avery Singer's work has less to do

with a 'rarity factor' and more to do with the sustained pace with which her

market – both primary and secondary – has been promoted over the last three

years. Exhibitions in highly prestigious galleries (Kraupa-Tuskany Zeidler,

Gavin Brown, Hauser & Wirth) and regular auction results have raised the

pressure on her market inflating the prices of this young American painter's

work to sensational levels in Hong Kong (in May 2021) then in New York (in

June).

Top 10 historical auction records for artists under 35

Infographic -

https://mma.prnewswire.com/media/1553956/Artmarket_auction_records_Infographic.jpg

Sold lots and turnover filtered by artists' age when works were created -

Artprice database (2000 - 2020)

Infographic -

https://mma.prnewswire.com/media/1553957/Artmarket_turnover_Infographic.jpg

According to thierry Ehrmann, President and Founder of Artmarket.com and its

Artprice department, "Avery Singer represents a paradigm shift that is to the

art world what negative interest rates are to financial markets"

In just a few years, the new stars of Contemporary Art can become far more

expensive than the grand Old Masters. Neither the rarity of a work nor the

place of an artist in Art History seems to be as important today as the

sensation of novelty and the enthusiasm it arouses".  

Hong Kong vs. New York

A total of 18 Avery Singer paintings have already been auctioned since 1

January 2017 and only two failed to sell. Predictably, her very large formats

are the most sought-after. In May 2018, Sotheby's sold the canvas Fellow

Travelers, Flaming Creatures (2013) in New York. Estimated $60,000 - 80,000, it

reached $735,000.

On 21 May 2021, Avery Singer's career entered a very different ballpark when

her Dancers Around An Effigy To Modernism (2013) sold for over $3 million at

Christie's in Hong Kong. A month later, on 23 June, her Untitled (2018) sold

for $4.1 million (including fees) at Phillips in New York.

That's the second-best auction result of all time for an artist under 35. The

absolute record still belongs to Raqib Shaw, for his Garden of Earthly Delights

III (2003) which fetched $5.5 million at Sotheby's London in October 2007 when

Shaw was just 33. However, Shaw's work has never since reached that kind of

level at auction.

The fateful age of 35

When Amedeo Modigliani died he was 35 years old, an age when artists are often

just reaching their first artistic maturity. His "youthful" masterpieces are

now worth several million dollars, but it took many years after his death in

1920 for that to happen.

At 35, Avery Singer has already had important solo exhibitions, notably at the

Stedelijk Museum in Amsterdam in 2016 and at the Ludwig Museum in Cologne in

2019. But the 7-digit results recorded for canvases she painted when she was 26

(in 2013) seem extremely 'premature'.

Consecrated by the finest European museums and supported by Anglo-Saxon

mega-galleries, Avery Singer is turning the heads of great collectors, both

Western and Asian. And – profiting from a globalized art market that seems

increasingly thirsty for novelties – the major auction houses are raising the

prices of her works to perilous heights.

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（https://imgpublic.artprice.com/img/wp/sites/11/2021/06/image2.artmarket-artprice-turnover-by-artists-by-age.png ）

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