The art market has been bustling with
astonishing record prices during the past decade mainly to the advantage of
rich people who can afford to spend much money to buy major works with the aim
of gaining substantial profits in the short term.
Making money has thus become a lucrative game
on the art market. Still, buyers need to have quite a good knowledge of what
seems much interesting to acquire meaning they must be endowed with some flair
and also much luck.
Artcult has chosen a selection of artists to
determine the evolution of their average value over the past 20 years in order
to establish a list of those whose
works have recorded the highest percentage of
profit during that time.
List of
selected artists (Completed every week)
PAINTERS:
Francis
Bacon (1909-1992) Best price 1990: 5 million USD Average: 3,8 million
USD Best Price 2000: 6 million USD
Average for 2000: 5 million USD (only two works sold) Best price 2010-2011: 25282500 USD Average: 12,3 million USD
Miguel
Barcelo (Born in 1957) Best price 1990: 265 310 USD Average: 100 000 USD Best
price 2000: 403 461 USD. Average price for 2000: 235 000 USD Best price
2010-2011: 6 488 527 USD Average price: 1,5
million USD
Georg Baselitz (Born in 1938) Best price 1990: 350 000 USD Average: 330
000 USD best price 2000: 320 000 USD Average price for 2000: 200 000 USD Best
price 2010-2011: 5 296 000 USD Average price 1525 000 USD
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