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World’s premier art portal was launched with original goal to provide the
international contemporary art community with a variety of high quality Internet services.
In addition to art directory with keyword, alphabetic and category search options,
ArtBoomer introduced online art gallery comprised of original artworks presented in artists
portfolios. Not just images but also multimedia capabilites in ArtBoomer online portfolio
created unique opportunity for artists to promote their talents on the global art market.
Listing of international art shows and events, buy and sell message board, network of global
art links made ArtBoomer the most comprehensive online guide to international contemporary
visual and performing art scene.
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The highs and lows of contemporary artists
As expected, auction revenue figures for contemporary artists in 2009 contracted quite substantially (divided by 14 in the case of Damien Hirst, and by 3 in the case of Jeff Koons). However, for all that, the market is not in bad condition. The loss of the speculative element has essentially allowed prices to settle back to 2004 levels.
Artprice has established a Top 15 of contemporary artists by auction revenue that allows an appreciation of the key changes in the market during the last decade.
After 2003, four invincible figures occupied the highest positions in the Top 15 contemporary artist by auction revenue: Jean-Michel BASQUIAT, Damien HIRST, Jeff KOONS and Richard PRINCE. However since the rapid emergence of the first Chinese artists on the contemporary market (Minjun YUE, Yifei CHEN and Xiaogang ZHANG) in 2006, the ranking has undergone a spectacular metamorphosis. In fact, 2006 marked a veritable sea-change when Jean-Michel Basquiat lost his first place on the podium to Zhang Xiaogang whose annual revenue amounted to $24.9 m. [More from Art Market Insight ]
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