Joe Syer, Co-Founder & Specialist Headjoe@myartbroker.com
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Market Reports
Art collectors and investors in 2023, have shown willing to pay a premium for artists and names they trust - something that’s been extensively highlighted in our market report, underscoring a larger market truth: trends dictate values, and sales are driven by established brands.
Celebrity-themed artworks, historical pieces, and the allure of anonymous artists have shaped the preferences of collectors and investors, indicating the crucial influence of branded artists and media presence in shaping the dynamics of art sales.
These trends in the art market have been reflected in search worldwide, with the “established brand” artists seeing more interest. Trends in search for 2023 have come from exhibitions, collaborations, new releases, anniversaries of historical art market events, fashion house collaborations, merchandise, clothing and record-breaking sales.
When looking at search interest over the year, we’ve seen two blue chip artists trend most, David Hockney and Banksy - both artists with exhibitions hosted in the year, and plenty of press surrounding the likes of solo-shows, collaborations and more.
In 2023, David Hockney saw; a collaboration with Lightroom for the Bigger & Closer show, the Drawing From Life exhibition at the National Portrait Gallery, and 100% sell-through rates at sales.
When looking at search data, you see top queries relating to ‘David Hockney exhibition’, with rising interest in queries such as; ‘David Hockney Ted Lasso’ relating to an art work in the background of a TV show - a topic we explored with an art curator earlier in the year.
In 2023, Banksy saw; the five-year anniversary of Love Is In The Bin, the Cut & Run exhibition in Glasgow and his identity being “revealed” in a BBC podcast.
When looking at search data, naturally one of the top queries relating to the artist is surrounding his identity, ‘who is Banksy?’. The rising queries surround the Cut & Run exhibition, ‘Banksy Glasgow tickets’ and ‘Banksy exhibition Glasgow - his first solo exhibition in fourteen years.
In 2023, Jean-Michel Basquiat saw; a Basquiat X Warhol exhibition in Paris, forgery scandals, and more and more features in fashion.
When looking at search data, the top queries are ‘Basquiat art’ and relating to his relationship with ‘Warhol’, with rising queries about his estate's collaboration with ‘Swatch’, ‘Cotton on’ and the ‘Jean Michel Basquiat exhibit Los Angeles’.
In 2023, Andy Warhol saw; his estate in a Supreme Court copyright case, the Basquiat X Warhol exhibition in Paris, and many record-breaking print sales throughout the year.
When looking at search data, the top queries showing the most interest are in ‘Andy Warhol art’ and around one of his most popular series ‘Marilyn Andy Warhol’ - a series whose legacy only grows stronger.
In 2023, Pablo Piccaso saw; the 50th anniversary of his death, his most expensive work sold at auction from the Emily Fisher Landau sale at Sotheby’s, and the 30-year photography ban on Guernica being lifted.
When looking at search data, the top queries were in relation to ‘Picasso art’ and the ‘Guernica’. With queries rising in interest based on auction surrounding the artist, as suggested by the German query of ‘Pablo Picasso versteigerung’.
In 2023, Keith Haring saw his digital drawings on auction as NFTs and many fashion and retail brands featuring his iconic motifs.
When looking at search data, the top queries were Keith Haring ‘art’, ‘shirt’ and ‘H&M’, with rising queries in the likes of ‘Keith Haring art is for everybody’ and ‘broad’ where an exhibition of his major works was on display.
In our latest report, we explore The Art Investment market, delving into the growth & potential of prints. We explore how the print market has emerged as an exhilarating force within the 2023 art market landscape, looking into the most coveted and trending print artists - analysing their performance and the trends shaping their markets. Download now.