Last year, the good folks at Artnet produced data on the Warhol market for us. They were kind enough to provide us with an update from their database. The results are striking. Total sales of Warhol paintings dropped by 74% between 2015 and 2016.
There's been a fair bit of attention paid to the fact that the auction market overall has been down 40-50% in the same period. Not only did Warhol stop acting as a motor of the art market; his sales have consistently driven the Contemporary market higher over the last decade and a half; but his market has become a significant absence.
(There's a more detailed look at these numbers for AMMpro subscribers, below, but for those who simply want to look at this graph, above, the information is pretty clear.) Warhol sales punctuate what may have been a major market pause.
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