The top auction moments of 2016 year

Author : Anastasia Herasymova

Source : 112 Ukraine

Find out key results of 2016’s art auctions - top sales and trends
13:53, 2 January 2017

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2016 year for the global art market was a period of relative stability: quite high rates of sales, and the return of China, which lost its positions in late 2015 and became second after the US. According to Artprice online service, only the in the first 6 month of this year, the turnover of Celestial funds with leading world auction has reached more than $ 570 million. Here are ten countries, which have spent the greatest amounts of money for art: China, the US, the UK, France, Germany, Italy, Switzerland, Austria, Japan, and South Korea. People on both sides of the Atlantic adore works of the Impressionists, representatives of postwar art and, of course, modern art. Pablo Picasso, Zhang Dacian, Wu Guanzhong, Jean-Michel Basquiat, Amedeo Modigliani, Claude Monet, Francis Bacon, Andy Warhol, Qi Baishi, Alexander Calder – here is a dozen artists, to whom special attention was paid at 2016 auctions.

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The world “estimate” champions:

Femme Assise, Pablo Picasso,

$63 631 391, Sotheby’s


Open source

Untitled, Jean-Michel Basquiat

$57 285 000, Christie's


Open source

Jeanne Hébuterne (au foulard), Amadeo Modigliani

$56 631 335, Sotheby's


Open source

Two studies for a self-portrait, Francis Bacon

$34 970 000, Sotheby's


Open source

Reclining Figure Festival, Henry Moore

$33 103 428, Christie's


Open source

And what about Ukraine? According to Golden Section auction house, the demand for art of the sixties has drown, as well as the interest (and ability) to buy domestic contemporary art. During the year, the lots in the auction amounted to 55-70%, depending on the thematic focus of the auctions.

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The works of Alla Horska, Viktor Zaretsky, Zoya Lerman significantly exceeded the estimates, as well as the works by contemporary artists: Myhkailo Deyak, Roman Minin, Roman Zhuk, Matviy Weisberg, Oleg Tistol, etc. Golden Section top-selling in 2016:

Dnieper Spate, Sergei Shyshko

$ 27,500



Chairs, Myhkailo Deyak

$ 11 000



Roses and snowdrops, Sergei Shyshko

$ 9 350

Rhythms of mind, Viktor Trubchaninov

$ 8 800

"Gay gothic" series, Alexander Roytburd

$ 6 600

In 2016, Ukraine has supported the popularity trend of graphics, however, "domestic art market is experiencing a fading period. Prices have fallen at times, and sometimes, and dozens of times. Vendors are in no hurry to part with what was bought at the peak of growth, consumers are hesitant to invest, not realizing the future prospects. However, development of the world history of art suggests that the 10-year cycle has always been important. After reaching the "bottom" prices begin to rise and eventually exceed the peak of the previous cycle.

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The graphics auctions, held in November 2016, successfully promoted the works of Viktor Zaretsky, Gennady Glickman, Romance Selskyi, Myroslav Yahoda, Olexander Aksinin.

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