Artmarket.com: Ahead of Art Basel Miami 2021, Art Market Gender Parity is Still Wanting; But Could NFTs Change That?
AsiaNet 93366
PARIS, Nov. 30, 2021 /PRNewswire=KYODO JBN/ --
Despite the big result for an exceptional (and relatively small) painting by
Frida Kahlo, the Mexican artist was still only 18th in Artprice's ranking of
artists by auction turnover for the month of November 2021, behind 17 male
artists. And while this trend was completely reversed for the generation of
artists born after 1985 (the 8 top-selling signatures were all young women!),
we ask: what is the gender parity situation on the NFT market?
thierry Ehrmann, CEO and Founder of Artmarket.com and its Artprice department:
"The creation of the NFTs market should be an opportunity to achieve some sort
of gender parity on the art market. The technology is revolutionizing an entire
industry, as shown by Art Basel Miami Beach which opens its doors this year to
Tezos ("home to one of the fastest growing NFT artist communities") and Scope
Miami which has decided to issue its VIP invitations in the form of
non-fungible tokens".
"World of Women"
It's only a few years since NFTs first appeared on the web, and only a few
months since the general public discovered non-fungible digital tokens; but
some have already commented the lack of a female presence in this new world.
Several projects have nevertheless been developed to try to correct this
imbalance, starting with a collection of exclusively female PFPs (profile
pictures) by World of Women: https://opensea.io/collection/world-of-women-nft
"World of Women was created to bring more diversity and inclusiveness to the
NFT space while bridging the gap between collectibles and single edition art
worlds".
Considering the traditional art market's long-standing gender disparity, fears
of a male-dominated digital world seem perfectly rational. New York's prestige
sales in November – driven by the Macklowe Collection at Sotheby's and the Cox
Collection at Christie's – were once again dominated by the likes of Warhol,
Van Gogh, Picasso, Monet, Twombly, Rothko, Giacometti, Richter, etc.
But things are changing...
Frida Kahlo was the top-selling female artist at the November auctions this
year, but she was behind eighteen men. A study published by Ken Bromley Art
Supplies in 2020 revealed that the Mexican painter ranked second among the
world's most searched artists on Google (first in 29 countries) behind Leonardo
Da Vinci.
Diego y yo (1949) is one of the most important paintings by Frida Kahlo that
doesn't belong to a museum. On 16 November 2021 it fetched $34 million at
Sotheby's, 22 times its previous value in 1990. Although it was a very
impressive result for the Mexican artist, Frida Kahlo is still not competing
with Andy Warhol, whose signature generated $165 million at the November 2021
prestige auctions.
Top 10 female artists at auction in November 2021
Global ranking – Artist – Auction Turnover
18th – Frida KAHLO (1907-1954): $34,883,000
28th – Agnes MARTIN (1912-2004): $21,765,500
30th – Cecily BROWN (1969- ): $20,706,150
32nd – Joan MITCHELL (1926-1992): $20,053,500
41st – Georgia O'KEEFFE (1887-1986): $14,561,300
52nd – Yayoi KUSAMA (1929-): $9,198,600
53rd – Lee BONTECOU (1931-): $9,176,500
58th – Helen FRANKENTHALER (1928-2011): $8,177,100
59th – Cindy SHERMAN (1954-): $8,162,100
62nd – Tamara DE LEMPICKA (1898-1980): $7,896,300
Over the past decade, female artists under 40 have nevertheless established
themselves as the most successful artists of their generation on the auction
market. In 2013 - 2014, collectors became enamoured with the work of Tauba
Auerbach (1981) represented by the Paula Cooper gallery. This trend has
gradually intensified to the point where the turnover ranking of artists born
after 1985 (for November 2021) is heavily dominated by female painters.
Top 10 artists born after 1985 at auction in November 2021
Global ranking – Artist – Auction turnover
1st – Avery SINGER (1987-): $4,638,900
2nd – Toyin Ojih ODUTOLA (1985-): $2,235,900
3rd – Flora YUKHNOVICH (1990 -): $1,951,100
4th – Jadé FADOJUTIMI (1993-): $1,053,400
5th – Christina QUARLES (1985-): $948,000
6th – Jordan CASTEEL (1989-): $806,500
7th – Issy WOOD (1993-): $768,750
8th – Allison ZUCKERMAN (1990-): $636,600
9th – Ismail ISSHAQ (1989-): $589,300
10th – Oscar MURILLO (1986-): $432,900
Image :
[https://imgpublic.artprice.com/img/wp/sites/11/2021/11/image1-Frida-KAHLO.jpg]
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Artmarket is a global player in the Art Market with, among other structures,
its Artprice department, world leader in the accumulation, management and
exploitation of historical and current art market information in databanks
containing over 30 million indices and auction results, covering more than
770,000 artists.
Artprice by Artmarket, the world leader in information on the art market, has
set itself the ambition through its Global Standardized Marketplace to be the
world's leading Fine Art NFT platform.
Artprice Images(R) allows unlimited access to the largest Art Market image bank
in the world: no less than 180 million digital images of photographs or
engraved reproductions of artworks from 1700 to the present day, commented by
our art historians.
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from 6300 Auction Houses and produces key Art Market information for the main
press and media agencies (7,200 publications). Its 5.4 million ('members log
in'+social media) users have access to ads posted by other members, a network
that today represents the leading Global Standardized Marketplace(R) to buy and
sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3
of Article L 321.3 of France's Commercial Code).
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in November 2018 for a new period of 3 years) which is supporting the company
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