1、05INTRODUCTION04EDITORIAL BY THIERRY EHRMANNGROWTH 0608THE CONTEMPORARY ART RUSH 14THE MARKETS PILLARS22PAINTING.ABOVE ALLDIVERSITY26283640A NEW LANDSCAPE“NO MANS LAND”BLACK(ALSO)MATTERS(IN ART)VALUATION42444852IN SEARCH OF NOVELTYMULTIPLE CHOICE.DIGITAL AGILITY TOP 1,000553MethodologyThe analysis o
2、f the Art Market presented in this report is based on results from Fine Art public auctions during the period from 1 January 2000 to 30 June 2020.This report covers exclusively paintings,sculptures,drawings,photographs,prints,videos and installations by contem-porary artists-herein defined as artist
3、s born after 1945,and excludes antiques,anonymous cultural goods and furniture.All the auction results indicated in this report include the buyers premium.Prices are indicated in US dollars($).Millions are abbreviated to“m”,billions to“bn”.4EDITORIAL BYTHIERRY EHRMANNArtprice is proud to present thi
4、s exclusive report which traces the evolution of the Contemporary Art Market over 20 years.The story it tells reflects a multitude of sociological,geopolitical and historical factors,all of which contributed to the rapid rise of Contemporary Art in the global Art Market.A marginal segment until the
5、end of the 1990s,Contemporary Art now accounts for 15%of global Fine Art auction turnover,and is now its primary growth driver,having increased+2,100%over 20 years.This extraordinary progression is driven by the pas-sions that Contemporary Art elicits,but it is also based on the confidence that it h
6、as won.Nowadays,collec-tors no longer necessarily prefer work by dead artists,and they allow themselves to be convinced by new techniques,new art forms and new influences by liv-ing artists.Today,at a time of unprecedented crisis,the Contemporary Art Market is still galloping forward.Indeed,its the