Felix Salmon had a good time at the Artelligence conference. He was especially taken with Anders Petterson’s report on the Warhol market. That report is available for purchase here on the site for $125.
In the meantime, here’s brief tidbit from the report filtered through Felix:
There are some astonishing numbers in it, none more so than the fact that Warhol paintings accounted for 17% of all contemporary-art auction sales in 2010. But there’s much more where that came from.
Between Warhol’s death in 1987 and today, the value of his paintings has gone up by more than 30 times; his estate, which was valued at some $220 million when he died, would be worth some $7 billion today. The public market in Warhols dwarfs that of anybody else: Jeff Koons and Damien Hirst between them, for instance, were just 3.1% of contemporary-art auction sales last year. And the money is all at the top end of the market: paintings which sold for more than $5 million accounted for 8% of all the lots, but 69% of the value.
If you want a better sense of the report, you can read Felix’s entire post.
Andy Warhol Data Points of the Day (Felix Salmon/Reuters)