This commentary on the first half, 2017 Postwar and Contemporary market share is available to AMMpro subscribers. Monthly subscriptions come with a free first month grace period. Subscribers are welcome to sign up for the service and cancel at any time before they are billed.
Artnet published some interim numbers for the Postwar & Contemporary art category in 2017 where they discovered that the top 25 artists account for a substantial minority of the dollar volume spent on art.
In the first six months of 2017, work by this small group of elite artists sold for a combined $1.2 billion—44.6 percent of the $2.7 billion total generated by all contemporary public auction sales worldwide.
We're republishing the chart for two reasons. The first is that the list is inherently of interest. These market share numbers are telling in a market that is governed by power laws. But the second reason is because Artnet's analysis of their own numbers is somewhat at odds with what the charts themselves show. We thought it worth going over the numbers again separately.
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