Artemundi’s 2018 Recap

Over the last 12 months, the art market has demonstrated a level of maturity perfectly commensurate in view of the state of the global economy. Political instability and financial uncertainty have brought us big surprises such as Gilbert Stuart´s George Washington sale for 8 ½ times its high estimate, and disappointments such as the BI of Clyfford Still´s PH-916 (1946-No.1) estimated between $20 M and $30 M. Still, wonderful museums opened their doors worldwide with architectonic masterpieces such as the much-anticipated The Louvre Abu Dhabi and the Glenstone Museum. 

This publication also features the Top 10 Lots and Top 10 Artists By Total Sales and Volume. In addition, we have included a brief summary of the Ups and Downs in the art market for this year and some trends that we have identified for the next year.

Top Lots of 2018

Amedeo Modigliani Nu Couché $157,159,000 Sotheby’s, New York
Pablo Picasso Fillette à la Corbeille Fleurie $115,000,000 Christie’s, New York
Edward Hopper Chop Suey $91,875,000 Christie’s, New York
David Hockney Portrait of an Artist $90,312,500 Christie’s, New York
Kazimir Malevich Suprematist Composition $85,812,500 Christie’s, New York
Claude Monet Nymphéas en Fleur $84,687,500 Christie’s, New York
Henri Matisse Odalisque Couchée aux Magnolias $80,750,000 Christie’s, New York
Willem de Kooning Woman as Landscape $68,937,500 Christie’s, New York
Pablo Picasso Femme Au Béret et á la Robe Quadrillée $68,710,000 Sotheby’s, New York
Zao Wou-Ki Juin-octobre 1985 $65,200,000 Sotheby’s, Hong Kong

Ups & Downs

Top Artists by Total Sales and Volume of 2018

(Paintings Category)
Pablo Picasso
$622.4 M
64 Lots
Claude Monet
$352.5 M
40 Lots
Zao Wou-Ki
$294.0 M
62 Lots
Jean-Michel Basquiat
$251.5 M
53 Lots
Andy Warhol
$183.8 M
82 Lots
David Hockney
$178.3 M
15 Lots
Amedeo Modigliani
$157.2 M
9 Lots
Willem de Kooning
$149.2 M
33 Lots
Gerhard Richter
$133.8 M
63 Lots
Francis Bacon
$123.6 M
16 Lots

What will 2019 hold for the Art Market?

Top New Art Museums of 2018

The Louvre Abu Dhabi, United Arab Emirates
V&A Dundee, Scotland
Zeitz Museum of Contemporary Art, South Africa
Institute for Contemporary Art Virginia Commonwealth University, USA
Glenstone Museum, USA
The Menil Collection Drawing Institute, USA
Remai Modern, Canada
Museum of African Contemporary Art Al Maaden, Morocco
Museum MACAN, Indonesia
Mori Building Digital Art Museum, Tokyo

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