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Artprice and the Art Market daily news and updates on Twitter:
https://twitter.com/artpricedotcom

   
21-December-2014 Artprice: outlook for 2015
5-December-2014 Communiqué Artprice mensuel de novembre 2014 sur les échanges de capitaux très importants sur le réseau Equiduct et manifestement non comptabilisés publiquement par Euronext.
27-November-2014 Artprice : Tendance chiffrée (+35%) du portage Mobile First sur toutes ses banques de données et du transfert des serveurs de routage en Allemagne en I.P. alémaniques
23-November-2014 La société Artprice constate sur une année glissante des échanges de capitaux très importants sur le réseau Equiduct et manifestement non comptabilisés publiquement par Euronext.
18-November-2014 Artprice: successful application of new mobile first services to all its databases and transfer of its route servers to the USA with American I.P. addresses.
14-November-2014 ERRATUM Artprice T3 2014 lire transfert aux USA le 18 novembre 2014 au lieu du 18 octobre 2014
14-November-2014 Artprice T3 2014 : CA en hausse +14 % validant l'offre freemium, transferts aux USA, objectif 12 millions de clients, le Marché de l'Art a une croissance sans précèdent.
10-November-2014 Artprice launches technical analysis of the Art Market using Japanese candlestick charts
5-November-2014 ARTPRICE.COM to join EnterNext©PEA-PME 150 Index
23-October-2014 Artprice lifts the veil on the new Louis Vuitton Foundation in Paris
21-October-2014 Artprice - Chiffres clés du Marché de l'Art Contemporain en France (26m EUR) et dans le monde (2Mds USD) ; analyse détaillée de la FIAC 2014.
15-October-2014 Artprice : l'ISF sur les œuvres d'Art : l'acte fatal pour le Marché de l'Art français.
14-October-2014

Artprice turns the spotlight on FIAC 2014

29-September-2014

Artprice: the 2013/2014 Contemporary Art Market Report is now online

Artprice : Der Jahresbericht über den Markt zeitgenössischer Kunst 2013/2014 ist jetzt online.

19-September-2014

Addendum du communiqué Artprice du 16/09 constatant des échanges de capitaux importants et manifestement non comptabilisés publiquement par Euronext sur le réseau Equiduct.

17-September-2014 La société Artprice constate des échanges de capitaux importants et manifestement non comptabilisés publiquement par Euronext sur le réseau Equiduct.
10-September-2014 Artprice: demand for its free and paid dashboards and indexes grows 1200% since their launch on the art market
9-September-2014 Artprice: ses tableaux de bords et indices gratuits et payants connaissent 1200% de progression depuis son lancement sur le marché de l'art.
2-September-2014 Once again, Artprice is changing the way the art market functions by launching free and paid dashboards and indexes as of September 2, 2014.
29-August-2014 Artprice Rapport Financier au 30 juin 2014 : C.A. en hausse validant le modèle gratuit.
27-August-2014 Artprice : le disrupteur du Marché de l'Art, vers une IPO de sa filiale artmarket.com (traduction)
20-August-2014 Artprice: the art market disruptor; IPO of its subsidiary artmarket.com
13-August-2014 Artprice T2 2014 : CA en hausse de 54%, modèle gratuit validé. Objectif 12 millions de clients, le Marché de l'Art connaît une forte croissance.
25-July-2014 Artprice : Communiqu� d'affectation du r�sultat comptes clos au 31.12.2013
3-July-2014 Artprice : compte-rendu de l'AG du 27 juin et perspectives d'avenir
14-May-2014 Artprice T1 2014 : CA en hausse, modèle gratuit n'impactant pas le CA validé. Objectif 12 millions de clients, le Marché de l'Art connaît une croissance sans précèdent.
29-April-2014 Artprice Rapport Financier Annuel 2013 :
Résultat bénéficiaire et C.A. +13 % validant le modèle gratuit.
27-March-2014 Artprice déclare son éligibilité au PEA-PME des ETI cotées sur Euronext et son admission à l'indice Euronext CAC PME, à la demande ce jour de Pierre Moscovici, Ministre de l'Economie et des Finances (CP N° 1169)
5-March-2014 Artprice présent dans le nouvel indice CAC® PME d'Euronext
4-March-2014 Artprice: The Art Market 2013 +15 % Best year ever
13-February-2014 Artprice T4 2013 : Croissance à deux chiffres, modèle gratuit n'impactant pas le C.A. validé. Objectif 10 millions de clients, le Marché de l'Art connaît une croissance sans précèdent.
23-January-2014 Entretien de Thierry Ehrmann, PDG d'Artprice, suite à l'interview du CEO de Christie's dans Le Monde, ainsi que les premières tendances sur le Marché de l'Art 2013, avec Thierry Folcher de Trading and Ipo

21-November-2013 Artprice premier membre interconnecté sur LyonIX 3
13-November-2013 Artprice T3 2013, C.A. en hausse. Perspectives 2013.
15-October-2013 Artprice: the 2012/2013 Contemporary Art Market Report is now online
15-Oktober-2013 Artprice : Der Jahresbericht über den Markt zeitgenössischer Kunst 2012/2013 ist jetzt online.
30-September-2013 Artprice : Entretien exclusif de thierry Ehrmann avec Trading and Ipo
30-August-2013 Artprice Rapport Financier au 30 juin 2013 : C.A. en hausse validant le modèle gratuit.
13-August-2013 Addendum concernant le paragraphe sur la normalisation du Marché de l'Art par Artprice et l'arrivée d'Amazon.
13-August-2013 Artprice T2 2013, C.A. en hausse. Perspectives 2013.
15-July-2013 Artprice, conformément au Règlement Général de l'A.M.F. demande une enquête.
3-July-2013 Compte rendu de l'A.G.O. annuelle d'Artprice du 28 juin 2013
27-June-2013 Artprice's response to the council of voluntary sale's press dispatch via the AFP
7-June-2013 Communiqué d'Artprice sur le SBF 120
28-May-2013 Artprice: Hong Kong, with its bipolar market, has become the epicentre of the art market
21-May-2013 Artprice: the latest NY sales prove the financialisation of the Art Market
14-May-2013 Censure d'une information réglementée d'Artprice par Boursorama Banque
14-May-2013 Artprice T1 2013, C.A. en hausse. Perspectives 2013.
30-April-2013 Artprice Rapport Financier Annuel 2012 : Résultats bénéficiaires et C.A. maintenus validant le modèle gratuit.
26-April-2013 Artprice and Escrow.com, two world leaders in their respective fields, announce their advanced partnership.
18-April-2013 Artprice: Bryan Garnier and Co study now available on the Internet.
25-March-2013 Précision d'Artprice sur l'article des Echos du 25 mars 2013.
22-March-2013 Artprice : calendrier de l'étude Bryan Garnier and Co.
21-February-2013 Artprice partners with Artron, China's leading art market information processor, in a now bipolar global Art Market
14-February-2013 Artprice T4 2012 : Modèle gratuit n'impactant pas le C.A. validé. Accord majeur en Chine, objectif 10 millions de clients, L'Art, valeur refuge dans les crises majeures.
22-January-2013 Art Stage Singapore opens under the hallmark of Artprice's strategic alliance with city State's largest Contemporary art fair.
14-January-2013 Artprice confirms the Chinese search engine Baidu as a direct interface for Artprice databanks in China.
03-January-2013 Presentation of Artprice and economic outlook for 2013 with an independent study.

24-December- 2012 The company Artprice is now listed on the SBF 120 and has crossed the 2 million customers threshold.
7-December-2012

As of the close of markets on 21 December 2012, ARTPRICE will join the French SBF 120 stock market index

14-November-2012

Artprice T3 2012, progression CA, enchères Asie, cap vers 2 millions de clients confirmé.

25-October-2012

Artprice and Art Stage Singapore form strategic partnership in Asia.

16-October-2012

Artprice: wealth tax (ISF) on artworks...barking up the wrong tree.

9-October-2012

Artprice: the 2011/2012 Contemporary Art Market Report is now online!

   
1st-October-2012

According to an Artprice study, Qatar will soon be the global leader in the museum industry.

Laut einer Studie von Artprice wird Katar zur Nr. 1 der Museumsbranche.

   
24-September-2012

Artprice exceeds 1 million downloads in its art market standardisation process

Artprice übertrifft sein Ziel von 1 Million Downloads bei der Normalisierung des Kunstmarkts

   
31-August-2012 Artprice.com : 1er Semestre 2012 amélioration du résultat, perspectives 2ème Semestre
14-August-2012 Artprice T2 2012, Enchères, démarrage Hong Kong, cap vers 2 millions de clients
6-July-2012

Artprice surpasses itself in its goal to standardise the Art Market

Artprice übertrifft Zielmarke bei seinem Vorhaben zur Standardisierung des Kunstmarkts

4-June-2012 Artprice accelerates its Art Market standardisation
14-May-2012 Artprice T1 : Croissance du C.A. Internet, Premières Analyses de la Place de Marché Normalisée aux enchères. Objectif 2012 : 2 millions de clients qualifiés.
30-April-2012 Artprice Rapport Financier Annuel 2011 : Résultats bénéficiaires.
   
7-March-2012
27-February-2012 Artprice's annual art market report 2011. Art sales at their best.
7-February-2012 Artprice T4 2011 : Croissance du C.A, Premières Analyses de la Place de Marché Normalisée. L'Art, valeur refuge dans les crises majeures.
3-February-2012 AMCI : Artprice obtient la condamnation définitive de Marc TALLEC concernant l'Art Market Confidence Index
27-January-2012 ADDENDUM - ARTPRICE.COM est admis au compartiment B et sera admis au SRD Long Seulement le 24 février prochain
26-January-2012 ARTPRICE.COM sera admis au SRD Long Seulement le 24 février prochain
24-January-2012 Synthèse et rappel des neuf points de la Place de Marché Normalisée aux Enchères d'Artprice
11-January- 2012 Artprice refutes any emergency injunction from France's auction market supervisor, the Conseil des Ventes Volontaires (CVV)d
   
6-January- 2012

Réponse d'Artprice au Conseil des Ventes Volontaires

English translation:
Artprice's reply to the Conseil des Ventes Volontaires (French auction market supervisor)

   
1-January-2012
  • Artprice launches its online auctions

  • Artprice startet seine Online-Auktion
  •    







    Back



    Paris, October 9, 2012

    Artprice: the 2011/2012 Contemporary Art Market Report is now online!
    According to thierry Ehrmann, the CEO and founder of Artprice, the global contemporary art market achieves its 3rd best performance, in spite of the current global economic crisis. The museum industry, which is booming on all continents, has made it possible for Contemporary Art to resist.

    Each year in October, Artprice publishes an overview of the global Contemporary art market. This 140-page report, translated into 5 languages, presents recent key events and trends, and uses the auction results recorded between July 2011 and June 2012 for artists born after 1945 as its backbone. The study contains macro- and micro-economic analyses that provide the keys to understanding the evolution of the Contemporary art auction market. It dissects the major market trends analysed throughout the year by Artprice's ArtMarketInsight news agency and our econometrics department.

    To complete this objective survey of the art market, Artprice also offers its acclaimed rankings such as the Artprice top 500 Contemporary artists by auction turnover.

    Download it now on Artprice for free:
    http://imgpublic.artprice.com/pdf/artprice-contemporary-2011-2012-en.pdf


    THE CONTEMPORARY ART MARKET 2011/2012

    THE LATEST TRENDS

    How well did Contemporary art sell this year?
    Relative global market shares : Asia/Europe/USA
    Competition between Beijing and Hong Kong
    Europe offers both quantity and quality
    Top 10 auction results in Europe
    France: a counter-productive market

    THE ART ELITE

    The year's records: stepping up by the millions
    China: a crowded elite
    New records in painting: Top 3
    The Basquiat myth
    Glenn Brown, art about art...
    Christopher Wool revolutionises abstract painting
    New records in photography
    Jeff Wall: genealogy of a record
    Polemical works promoted as emblems
    New records in sculpture & installation
    Cady Noland: €4.2m for Oozewald
    Antony Gormley: new top price for Angel of the North at £3.4m
    Peter Norton's records on 8 and 9 November 2011
    Wim Delvoye & Jan Fabre, two Flemish artists in the spotlight

    GALLERY'S INSIGHT

    COLLECTORS INSIGHT

    URBAN ART: THE NEXT GENERATION

    UK: Beyond Banksymania... who else is out there?
    A boom for Brazilian urban art?
    United States: always on the money
    France holds out while Australia comes to life

    TOP 500 Artprice 2011/2012

    THE ARTPRICE HEADQUARTERS - Contemporary Art Museum
    The Alchemy between the Abode of Chaos, The Server Group and Artprice

    A PDF version of the Artprice Contemporary Art Market Report is downloadable from Artprice.com in French and English. The German, Italian, Spanish and Chinese versions will be available several days later.

    http://www.artprice.com (c)1987-2012 thierry Ehrmann

    Artprice is the global leader in databank on Artprices and indices with more than 27 million indices and auction results covering more than 500,000 artists. Artprice Images® offers unlimited access to the largest Art Market resource in the world, a library of 108 million images or engravings of artworks from 1700 to the present day along with comments by Artprice's art historians. Artprice permanently enriches its databanks with information from 4,500 international auction houses and auctioneers and publishes a constant flow of art market trends for the main news agencies and 6,300 international written media. For its 1.71 million members (member log in), Artprice posts standardized adverts in what is today the world's leading Standardised Marketplace® for buying and selling works of art by private contract or at auctions -regulated by French law alinéas 2 et 3 de l'article L 321.3 du code du commerce- (source Artprice).

    Discover the Alchemy and the universe of Artprice http://web.artprice.com/video

    Artprice is listed on Eurolist B by Euronext Paris (SRD long only): Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF

    Artprice releases: http://serveur.serveur.com/press_release/pressreleaseen.htm

    Follow all of the art market's news with Artprice on Twitter:
    http://twitter.com/artpricedotcom/


    Paris, July 6, 2012

    Artprice surpasses itself in its goal to standardise the Art Market
    As already announced in our press release on 4 June 2012, Artprice has now started the progressive transfer to internet freeware of a large part of its database structure and of its Art market standardisation (owner licenses distributed freely with certain usage restrictions). All of the industrial processes forming Artprice's databanks are patent protected, notably by the A.P.P. (Agence de Protection des Programmes- Software Protection Agency).

    The art market players' needs is such that Artprice's normalized database of 497,677 artists listed at public auctions has been fully downloaded over a total of 205,000 times. According to thierry Ehrmann, Founder and CEO of Artprice : -this spectacular figure, achieved in one summer month (June 2012)-, validates Artprice's Creed and Postulate according to which the art market's standardization is the master key to dematerializing the art market, which includes of course the Standardised Marketplace® for buying and selling works of art by private contract or at auctions.

    For the record, since 1 June 2012, the Artworld, particularly Institutions, Universities, Museums, Foundations, Libraries, Legal & Customs Services, Copywriters (like ADAGP), Insurers, Encyclopaedic databases (like Wikipedia), Internet Directories and, of course, Auction Houses, Galleries, and Associations of Valuers, now have free access to Artprice's Artists-index.com. This standardised database, Artist-id.com, is considered by far the most exhaustive artists-index in the world by the art market, historians and researchers alike. It is available in 5 languages in addition to English (French, German, Italian, Spanish and Chinese). To get your free access to this database, visit: http://web.artprice.com/artists/directory/A

    All of the above-mentioned key users and market participants will thus soon also be able to enjoy Artprice's B2B development on open APIs using REST (Representational State Transfer) architecture, an innovative way of constructing an application for fixed and mobile systems using the Web's original architecture. An Artists database of this dimension, added to daily, is the fruit of dozens of acquisitions worldwide by Artprice and a nearly a million hours of work by its Historians, Writers and IT Developers from 1997 to 2012 (see details and background in Artprice's Reference Document, certified by and available on the AMF's website).

    According to thierry Ehrmann, this strategy of making integral information freely available to the Artworld and the spectacular first results, achieved in less than a month, will enable Artprice to strengthen its art market standardisation so that it can accelerate the development of its fixed-price and auction-brokerage activities and ensure its position as an unavoidable global player in a deregulated art auction environment by becoming a standardised infrastructure allowing, as of 2012, the processing of online auction brokerage operations (as described in Article 5 of French Law no. 2011-850 of 20 July 2011).

    These industrial processes, which standardise the Art Market (artist ID, artwork ID, catalogue ID catalogue raisonné, References ID, etc.) with tens of millions of proprietary data entries, are currently being deployed on the art market, notably in the framework of the partnership signed with Google in 2003 (without any impact on Artprice's revenue or earnings for 2012), but also via the development of the open APIs created in REST architecture, in order to generate a very strong acceleration of the client database. In addition, a mobile application is currently being developed, both for Ipad / Iphone and for Google's Android.

    Via these new vectors of standardisation, originating from its fixed-price and auction brokerage Standardised Art Marketplace, Artprice is now able to transfer vast amounts of information to freeware mode with the goal of raising its client database (with accompanying behavioural logs - purchases, sales, searches, art portfolios, etc.) from 1.4 million to 2 million before the end of the year, which is progressing positively given the latest figures.

    Source: http://www.artprice.com ©1987-2012 thierry Ehrmann

    Artprice is the global leader in databank on Artprices and indices with more than 27 million indices and auction results covering 497,000 artists. Artprice Images® offers unlimited access to the largest Art Market resource in the world, a library of 108 million images or engravings of artworks from 1700 to the present day along with comments by Artprice's art historians. Artprice permanently enriches its databanks with information from 4,500 international auction houses and auctioneers and publishes a constant flow of art market trends for the main news agencies and 6,300 international written media. For its 1.4 million members (member log in), Artprice posts standardized adverts in what is today the world's leading Standardised Marketplace® for buying and selling works of art by private contract or at auctions -regulated by French law alinéas 2 et 3 de l'article L 321.3 du code du commerce- (source Artprice).

    Discover the Alchemy and the universe of Artprice http://web.artprice.com/video/, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos

    Artprice is listed on Eurolist B by Euronext Paris (SRD long only): Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF

    Artprice releases: http://serveur.serveur.com/press_release/pressreleaseen.htm

    Follow all of the art market's news with Artprice on Twitter:
    http://twitter.com/artpricedotcom/

    Back

    Paris, June 4, 2012

    Artprice accelerates its Art Market standardisation
    As already announced in our press release on 14 May 2012, Artprice has now started the progressive transfer to internet freeware of a large part of its database structure and of its Art market standardisation (owner licenses distributed freely with certain usage restrictions). All of the industrial processes forming Artprice's databases are patent protected, notably by the A.P.P. (Agence de Protection des Programmes – French Software Protection Agency).

    Since 1 June 2012, the Art world, particularly Institutions, Universities, Museums, Foundations, Libraries, Legal & Customs Services, Copywriters ( like ADAGP ), Insurers, Encyclopaedic databases ( like Wikipedia ), Internet Directories and, of course, Auction Houses, Galleries, and Associations of Valuers and Appraisers, now have free access to Artprice's
    Artists-index.com. This standardised database, Artist-id.com, is considered by far the most comprehensive artists index in the world by the art market, historians and researchers alike. In addition to English, it is 5 other languages: French, German, Italian, Spanish and Chinese. To get your free access to this database, visit: http://web.artprice.com/artists/directory/A

    All of the above-mentioned users and market palyers will soon also be able to enjoy Artprice's B2B development on open APIs using REST (Representational State Transfer) architecture, an innovative way of constructing an application for fixed and mobile systems using the Web's original architecture. An Artists database of this dimension, updated daily, is the fruit of dozens of acquisitions worldwide by Artprice and nearly a million hours of work by its Historians, Writers and IT Developers from 1997 to 2012 (see details and background in Artprice's Reference Document, certified by and available on the AMF's website).

    According to thierry Ehrmann, the Founder and CEO of Artprice, this strategy of making integral information freely available to the Art world will allow Artprice to strengthen its art market standardisation so that it can accelerate the development of its fixed-price and auction-brokerage activities and ensure its position as an unavoidable global player in a deregulated art auction environment by becoming a standardised infrastructure allowing, as of 2012, the processing of online auction brokerage operations (as described in Article 5 of French Law no. 2011-850 of 20 July 2011).

    These industrial processes, which standardise the Art Market (artist ID, artwork ID, catalogue raisonné ID, Bibliography ID, etc.) with millions of proprietary data entries, are currently being deployed on the art market, notably in the framework of the partnership signed with Google in 2003 and without any impact on Artprice's revenue or earnings for 2012, but also via the development of the open APIs created in REST architecture, in order to generate a very strong acceleration of the client database. In addition, a mobile application is currently being developed, both for Ipad / Iphone and for Google's Android.

    Via these new vectors of standardisation, originating from its fixed-price and auction brokerage Standardised Art Marketplace, Artprice is now able to transfer vast amounts of information to freeware mode with the goal of raising its client database (with accompanying behavioural logs - purchases, sales, searches, art portfolios, etc.) from 1.4 million to 2 million before the end of the year.

    Source: http://www.artprice.com ©1987-2012 thierry Ehrmann

    Artprice is the global leader in databank on Artprices and indices with more than 27 million indices and auction results covering 495,000 artists. Artprice Images® offers unlimited access to the largest Art Market resource in the world, a library of 108 million images or engravings of artworks from 1700 to the present day along with comments by Artprice's art historians. Artprice permanently enriches its databanks with information from 4,500 international auction houses and auctioneers and publishes a constant flow of art market trends for the main news agencies and 6,300 international written media. For its 1.3 million members (member log in), Artprice posts standardized adverts in what is today the world's leading Standardised Marketplace® for buying and selling works of art by private contract or at auctions -regulated by French law alinéas 2 et 3 de l'article L 321.3 du code du commerce- (source Artprice).

    Discover the Alchemy and the universe of Artprice http://web.artprice.com/video/, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos

    Artprice is listed on Eurolist B by Euronext Paris (SRD long only): Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF

    Artprice releases: http://serveur.serveur.com/press_release/pressreleaseen.htm

    Follow all of the art market's news with Artprice on Twitter:
    http://twitter.com/artpricedotcom/

    Back

    Paris, February 27, 2012

    Artprice's annual art market report 2011. Art sales at their best.
    While old economies are struggling, growth is accelerating in the BRICS countries. The five BRICS - Brazil, Russia, India, China and South Africa- have been enjoying much stronger economic expansion than the developed countries and China's growth in particular has profoundly modified the geographical structure of the global art market according to thierry Ehrmann, the founder and CEO of Artprice, the world leader in art market information. Moreover, in Singapore, Beijing and Hong Kong, politicians are aware of the enormous economic potential of art for their state or their city, and their governments strongly support major cultural events including Contemporary Art fairs. In addition to the 49% growth in auction revenue from artworks in China, a number of other Asian countries have also posted particularly dynamic growth, such as Singapore (+22%) and Indonesia (+39%).

    This growth has been driven by the emergence of new and very wealthy collectors and a growing number of art investment funds. As a result, the Asian art market has become the most high-end area of the entire globe. For example, 12.1% of works sold in Asia sell for between $100,000 and $1m, versus 2.2% for the rest of the world. China, Asia's leading economic power and world leader for sales of artworks, has surprised everyone not just by its acquisitive capacity but also by its independence. It accounts for the highest auction results (with 774 auction results above $1 million recorded in 2011 compared with 426 in the USA and 377 in the UK), mostly generated at auctions in Beijing and Hong Kong. Even if China were deprived of the strong Hong Kong sales of Christie's and Sotheby's, it would easily remain the first global marketplace!

    In 2011, the global art auction market generated 21% more than in 2010 and there is not a single segment of the art market that did not progress in terms of turnover. Compared with 2010, Modern art added $1.2B, Post-war art added $372m, Contemporary art added $291m, Old Masters added $124 million and 19th century art posted an increase of $43 million. In addition, bulimic buying has not left any medium on the side-lines. 2011 saw the sale of more paintings, sculptures, photographs, drawings and even prints than 2010. Indeed, driven by the rocketing prices of the Chinese Old and Modern masters, drawing has really come into its own, with its annual revenue up by $1.318 billion over the year.

    This year, Artprice's annual art market report – based on 6.3 million auction results from 4,500 auction houses around the world and distributed to over 6,300 media organisations and international institutions every year in 6 languages – will focus particularly on China's successful conquest of the global art market. Our 2011 Art Market Trends contain macro- and micro-economic analyses providing the keys to understanding the annual evolution of the global auction market. It discusses the major trends in the market, analysed throughout the year on the ArtMarketInsight page of our website, by the Artprice press agency and by our Econometrics Department. To complement this objective appreciation of the art market based on a year of global auction results, Artprice also offers numerous original rankings such as the Top 500 artists by auction revenue and the Top 100 auction results of the year.

    Download the complete PDF format document (Free download)

    http://imgpublic.artprice.com/pdf/trends2011_en.pdf

    Source: http://www.artprice.com (c)1987-2012 thierry Ehrmann

    Artprice is the global leader in databank on Artprices and indices with more than 27 million indices and auction results covering 450,000 artists. Artprice Images® offers unlimited access to the largest Art Market resource in the world, a library of 108 million images or engravings of artworks from 1700 to the present day along with comments by Artprice's art historians. Artprice permanently enriches its databanks with information from 4,500 international auction houses and auctioneers and publishes a constant flow of art market trends for the main news agencies and 6,300 international written media. For its 1.3 million members (member log in), Artprice posts standardized adverts in what is today the world's leading Standardised Marketplace® for buying and selling works of art by private contract or at auctions -regulated by French law alinéas 2 et 3 de l'article L 321.3 du code du commerce- (source Artprice).

    Discover the Alchemy and the universe of Artprice http://web.artprice.com/video/, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos

    Artprice is listed on Eurolist B by Euronext Paris (SRD long only): Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF

    Artprice releases: http://serveur.serveur.com/press_release/pressreleaseen.htm

    Follow all of the art market's news with Artprice on Twitter:
    http://twitter.com/artpricedotcom/

    Back


    Paris, January 11, 2012

    Artprice refutes any emergency injunction from France’s auction market supervisor, the Conseil des Ventes Volontaires (CVV)
    Contrary to the CVV’s press release dated 6 January 2012 informing journalists that it was seeking an emergency injunction against Artprice, the company Artprice wishes to declare that no such procedure has been launched. To this day, Artprice has not received notification of any legal proceedings whatsoever regarding the forthcoming launch of its online brokerage service.

    In fact, Artprice wishes to formally denounce the various erroneous interpretations that have resulted from that press release. As indicated by Artprice within hours of the CVV’s press release, courteous exchanges have taken place between Artprice and the CVV in the form of official letters. Artprice confirms that the contents of its response to the CVV’s press release of 6 January 2012 correspond perfectly to the calm and constructive discussions it has been engaged in with the CVV in recent days, and Artprice officially confirms the opening of its new online auction brokerage service conducted remotely via Internet (as described in paragraphs 2 and 3 of Article L321-3 of the French Code of Commerce) on 18 January 2012.

    In the framework of its regulatory disclosures and in order to eliminate any misunderstanding, Artprice is re-posting (below) the press release it officially communicated on 6 January 2012, every point of which Artprice reiterates and confirms:

    Artprice’s reply to the Conseil des Ventes Volontaires (French auction market supervisor)
    Artprice discovered, first via the media and then via an email received from the Conseil des Ventes Volontaires, the latter’s request that Artprice should clearly and unequivocally indicate to the public its quality as an electronic auction broker "d'opérateur de courtage aux enchères réalisées à distance par voie électronique (in accordance with Article 5 of French Law no. 2011-850 of 20 July 2011)". Considering our long, constructive and peaceful relations with the French auction market supervisory authority (Conseil des Ventes Volontaires), we believe that its reaction to the forthcoming launch of our online auction brokerage activity (18 January) is based on a misunderstanding that will be cleared up once it has examined our documentation and particularly the preventative measures we have taken to avoid confusion in this respect.

    In the first instance, Artprice invites the financial markets, its shareholders, its1.3 million members and of course the Conseil des Ventes Volontaires to consult the financial documentation and press releases that Artprice has submitted to Actusnews, a special financial information website certified by the AMF (French Financial Markets Authority), and particularly the press release dated 1 January 2012 in which Artprice states in the very first line, without any shadow of ambiguity, that its new online activity is indeed an online auction brokerage activity ("opérateur de courtage aux enchères réalisées à distance par voie électronique in accordance with Article 5 of French Law no. 2011-850 of 20 July 2011”).

    In fact, in order to avoid any confusion between the different legal statuses and activities covered by Law no. 2011-850 of 20 July 2011, Artprice has commissioned a court-appointed attorney to take all necessary steps to highlight the precautionary measures taken by Artprice via its regulated disclosures, the presentation on its website of its new activity, the General Conditions of Use published thereon and various other communication media, in order to avoid any confusion between Artprice’s activity (auction brokerage) and that of public auction sales.

    Moreover, Artprice has taken the precautionary measure of translating into all the languages used by its website the key information concerning its new service and it has deliberately avoided translating the references to its legal status under Article 5 of the Law no. 2011-850 of 20 July 2011 precisely in order to avoid any confusion or misinterpretation that could arise from an inappropriate translation of Artprice’s status under Article 5 of French Law no. 2011-850 of 20 July 2011 vis-à-vis the other legal statuses that govern public auction sales.

    In conclusion, Thierry Ehrmann, CEO and founder of Artprice, declares that he is perfectly satisfied with the measures taken by Artprice and that Artprice will commence its online auction brokerage activity (opérateur de courtage aux enchères réalisées à distance par voie électronique) on 18 January 2012 in accordance with Article 5 of French Law no. 2011-850 of 20 July 2011) and that the public will be able, as of Monday 9 January, to preview several thousand items advertised for sale at a broad range of prices, ranging from collectibles to museum-quality artworks. In total, Artprice has received ads representing roughly 700 million dollars in starting prices. As regards any legal discussions with the Tribunal de Grande Instance de Paris (Paris District Court), Artprice and its CEO believes that its will provide, through its lawyers Emmanuel Pierrat and Thierry Dumoulin, all the necessary elements to satisfy the parties concerned and to resolve the problem by eliminating any possible form of ambiguity.

    It is clear that after nearly 500 years of monopolistic functioning, the auction market’s ambitious reform of 20 July 2011 (imposed by the European Directive Services) is bound to unsettle certain players in the market who are unaccustomed to free competitions environments.

    Artprice cannot avoid the observation that having posted the best performance on the regulated French stock market (+ 472% since 1 January 2011) with a total volume of shares worth 873 million euros and a sliding annual progression of no less than 593% and 144 million euros of shares traded since 1 January 2012, it is naturally an object of envy and an attractive acquisition target for the historical players in the auction market who for reasons of conservatism have missed the train of History and of the Internet.

    Source: http://www.artprice.com (c)1987-2012 thierry Ehrmann

    Discover the Alchemy and the universe of Artprice: http://web.artprice.com/video/

    Artprice is the global leader in databank on Artprices and indices with more than 27 million indices and auction results covering 450,000 artists. Artprice Images® offers unlimited access to the largest Art Market resource in the world, a library of 108 million images or engravings of artworks from 1700 to the present day along with comments by Artprice's art historians. Artprice permanently enriches its databanks with information from 3,600 international auction houses and auctioneers and publishes a constant flow of art market trends for the main news agencies and 6,300 international written media. For its 1.3 million members (member log in), Artprice posts standardized adverts in what is today the world's leading Standardised Marketplace® for buying and selling works of art (source Artprice).

    Artprice is listed on Eurolist by Euronext Paris: Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF

    Artprice releases: http://serveur.serveur.com/press_release/pressreleaseen.htm

    Follow the Art Market in real time:
    Twitter Code: http://twitter.com/artpricedotcom/

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    Paris, January 1, 2012

    Artprice launches its online auctions
    As announced in previous press releases, Artprice, with its 1.3 million members in more than 90 countries, and in its capacity as an online auction broker ("opérateur de courtage aux enchères réalisées à distance par voie électronique", Article 5 of French Law no. 2011-850 of 20 July 2011) will be launching its online auctions service on 18 January 2012.

    Since 27 December 2011, Artprice members have been able to prepare their ads in order to gain the maximum benefit from the visibility of Artprice's global launch campaign. For further information please visit: http://web.artprice.com/classifieds/info?l=en

    Although more than 90% of the art market was closed between Christmas and the New Year, Artprice has already registered several thousand lots for sale. Our initial client feedback suggests that users find the service very quick and simple to use.

    According to thierry Ehrmann, the founder and CEO of Artprice, "the train of History is now definitively rolling and Artprice is on that train, which nothing can stop from now on. It took twelve years and lots of patience and conviction to pursue a legal battle against a 500 year-old monopoly that is today demolished". Breaking this monopoly is a victory for Artprice; but it is also beneficial to France that has been losing its attractiveness as an art market for over 40 years, slipping from the first to the fourth position, and which, this year, with the help of Artprice, can hope to recover a position worthy of its tradition and its influence on the art market.

    On Monday 2 January 2012, Artprice launched a global campaign in art and financial media, focused on the USA, Europe and Asia, alongside a "viral marketing" campaign on the Internet.

    On Monday 9 January 2012, Artprice will start the presentation of lots to be auctioned in chronological harmony with the art market which, every year, kicks off in the second week of January.

    A level of security rarely attained on the Internet.

    Our alliance with Escrow.com, the global leader in the management of escrow accounts, provides a 100% guarantee of security and payment for the parties to all transactions. The service provided by Escrow.com has been specifically tailored to meet all of Artprice's rigorous requirements. Artprice's capacity to offer 100% transaction security relies on its excellent knowledge of the digital economy and developments in the fields of information technology and Internet law. Indeed, we can affirm with complete confidence that the security of Artprice's online auctions and other services is greater than that offered by traditional auctions and non-internet transactions.

    Artprice works on the fundamental principle of perfectly identified members and, via an agreement with INTERPOL, buyers can access at any moment the latter's international Stolen Works of Art database to check if a work being offered for sale is subject to any legal dispute or search warrant.

    Unlike certain well-known general online auction companies, Artprice imposes a permanent legal presence on its clientele to ensure the smooth operation of its online auction brokerage activities via its Standardised Marketplace. Artprice's contacts over the past 5 years with approximately 70 criminal investigation departments around the world has allowed Artprice to build an unrivalled level of Internet confidence that is strengthened by its constant collaboration with artists, beneficiaries and experts.

    The real strength of Artprice is its use of an escrow and payment release system for which Artprice has conceptualised all possible legal scenarios to ensure that completed transactions are legally irreversible and to provide a level of security rarely attained in the Internet sphere. This escrow system functions on exactly the same principle as that used by solicitors and lawyers for various kinds of transactions.

    The very low commissions charged by Artprice completely alter the dynamic of the art market.

    Art professionals, collectors and beneficiaries will be inexorably drawn to use Artprice's service because its low commissions modify the fundamental reality of the secondary art market. Its rates decrease from 9% to 5% depending on the value (in USD) of the transaction: 9% from 0 to 7,500 dollars; 7% from 7,500.01 to 15,000 dollars and 5% for transactions over 15,000.01 dollars. According to thierry Ehrmann, the 5% rate for works offered at over 15,000.01 euros could attract entire sections of the Art market to this modus operandi because works in that price bracket are perfectly standardised and have been bought and sold for nearly 30 years, almost always "remotely", in view of the legal documents that vendors are obliged to produce on Artprice.

    In parallel, Artprice is setting up white labels for major players in the art market, notably Auction Houses, that will use Artprice and its Standardised Marketplace as their technical host for online auctions, thereby providing Artprice –which is not an auctioneer– with another source of income.

    Artprice is therefore open to demand from over 3,600 client and partner auctioneers and more than 7,400 art valuers who have already concretely manifested their vital need to join Artprice's standardised marketplace in order to maintain their positions in the global art market and survive the necessary transition to a dematerialised art auction environment.

    Internet, and more generally the digital revolution, has literally destroyed the global mono-economy of physical auction rooms, which today are just one channel for auctioneers to use and which –usually located in city centres– either represent an expensive (and now superfluous) rental cost or an under-exploited real estate asset.

    In the context of a deeper than ever global economic and financial crisis, Artprice has once again –as in 2008– observed a very sharp increase in the number of works offered for sale through its Standardised Marketplace, with an acceleration of buy-to-sell operations. We can therefore assume that auction sales will follow the same growth path. Indeed, we are of the view that the economic and financial crisis represents a strong growth opportunity for Artprice's Standardised Marketplace.

    In fact, the history of the art market – like all markets – is naturally heading towards the circuits that are the fastest, the least expensive, the most liquid, where the price can be obtained in real-time and where there is a critical mass of participants with – of course – access to transparent information on all prices and indices.

    Artprice's Standardised Marketplace meets these five specific and vital needs for a modern market. Artprice, with its completely toll-free access model for its Standardised Marketplace, is absorbing the global market of private art sales faster than initially expected. With our extremely attractive rates we now expect to see the same pace of growth with our online auction service.

    Over nearly 7 years Artprice has seen exponential growth of the offer on its Standardised Marketplace (the annual figures are available in Artprice's 2010 Registration Document and online at the AMF under number D.11-0784 since 25 August 2011). In 2010, Artprice confirmed a total volume of artworks offered worth nearly 6.3 billion euros with a sales rate of approximately one third, for which Artprice received no commission.

    We should point out that only Artprice holds and protects, as intellectual property, the entire process for joining the Standardised Marketplace® and for side-stepping the traditional system of physical auction rooms. Indeed, the situation may justifiably be compared to the old Stock Exchanges before the arrival of the ECNs (Electronic Communication Network) that made the outcry halls redundant on the majority of the world's major stock markets, primarily by reducing the intermediation costs.

     

    Art… a veritable safe haven investment in times of major crisis.

    The economic and business media (Le Monde, The New York Times, the F.T. the A.F.P., Reuters, Bloomberg, etc.) regularly indicate that quality art represents a genuine safe haven in major crises. Artprice, Christie's, Sotheby's and the major international auctioneers also confirm the safe haven status of artworks (c.f. the Agefi's interview with Artprice). In fact, despite the sombre economic and financial global context in 2011, the global art market posted extremely positive figures both in terms of volumes and prices in all countries, and numerous artists in Artprice's global Top 500 posted new records.

    This confidence is manifest on all continents. Like gold, artworks have for centuries been defensive investments in major crises and particularly in the context of sharp meltdowns in financial asset values such as those that the global economy is likely to continue experiencing in 2012/2013.

    Artprice will soon be announcing alliances that will allow a presence on all continents with local partners.

    The future of Artprice in 2012 and of the Art Market is unavoidably linked to Asia.

    Artprice was the first press agent in the world to announce and certify figures in 2011 showing that China had unquestionably become the world's leading art marketplace ahead of the USA in 2011. Artprice's figures for 2011 have already confirmed China's domination of the global art market for the second consecutive year.

    There is therefore an irresistible logic to Artprice's patient preparation for the opening of its subsidiary and clean rooms in Hong Kong that will be a testing ground for the People's Republic of China and an entry point for Asia. Hong Kong is already one of the top five global art marketplaces. Likewise, agreements with major players such as online auction operators and major Asian art fairs will allow Artprice to extend the diffusion initiated in 2011 of its Asia-specific art market reports, country by country. As a simple example, Singapore should soon overtake France in the field of Contemporary Art sales. In this context Artprice and Art Stage Singapore, Asia's largest Contemporary Art Fair (along with Art HK), have decided to intensify their editorial partnership and their marketing strategy in 2012. Artprice will also be a strategic partner with Art HK (Hong Kong).

    The Internet's absolute domination of the art market in 2012.

    In 2012 Internet is therefore just a simple extension of the 1980s telephonic order with, in addition, a perfect reproduction of the work for the buyer and Artprice's remarkable success is proof of this…. there remained therefore a final step and indeed the hardest step: the standardisation of the marketplace that Artprice has achieved in 14 years by imposing its unique and free standard via its Standardised Marketplace ®.

    From 1987 to 2004, Artprice's databanks became the reference in this area and made Artprice the global leader in standardised art market information before it turned to the problem of market dematerialisation. This latter project fully exploits the standardisation represented by its 18 databases, fed by acquisitions around the world of publishers and art archives.

    All of the industrial processes forming Artprice's databanks are patent protected, notably by the A.P.P. (Agence de Protection des Programmes). These industrial processes standardise the Art Market (artist ID, work ID, catalogue raisonné ID, bibliography ID, estimate/econometric info ID.) with more than 180 million data entries and proprietary indices.

    This globally unique knowledge is clearly explained in Artprice's corporate video in five languages: http://web.artprice.com/video/

     

    Artprice posted the best French stock market progression in 2011 and has filed a request for admission to compartment B of Euronext Paris.

    Despite the crisis affecting stock market's, Artprice's share price outperformed in 2011 with an astonishing increase of +472% since 1 January 2011, on the back of a traded volume of approximately 873 million euros, i.e. an average daily volume of 3.2 million euros. This increase was the best performance on the regulated French Eurolist by Euronext markets (compartments A, B, C).

    As Artprice satisfied all the admission criteria for admission to Compartment B in 2011, it is preparing its admission request for registration on compartment B of Eurolist to be filed with the French Financial Markets Authority (AMF) along with the presentation of its candidacy to the NYSE Euronext Scientific Committee for Indices to be included in the indices relating to Compartment B.

    In order to understand the legislative evolution of the art market over five centuries and the impact of recent changes on Artprice, we invite our shareholders and the market to read the 72 short and pedagogical questions and answers that form the basis of the interviews conducted in June and October of 2011. Hyperlinks to Actusnews (a professional regulated information provider licensed by the AMF):
    http://www.actusnews.com/communique.php?ID=ACTUS-0-25689

    Lastly, Artprice invites its new and future shareholders who would like to acquaint themselves with the history of the Company to consult its highly detailed regulated information in its 2010 Registration Document filed and online at the AMF under D.11-0784 since 25 August 2011. Artprice, with more than 12 years of regulated disclosure on Eurolist, is proud of the high quality of the information it provides to financial market professionals and art market novices. All the questions of Artprice's 18,000 shareholders are systematically answered in Artprice's regulated disclosures that its posts online on its own website and on that of its AMF-authorised financial information provider, ActusNews.com.

    Source: http://www.artprice.com (c)1987-2012 thierry Ehrmann

    Discover the Alchemy and the universe of Artprice: http://web.artprice.com/video/

    Artprice is the global leader in databank on Artprices and indices with more than 27 million indices and auction results covering 450,000 artists. Artprice Images® offers unlimited access to the largest Art Market resource in the world, a library of 108 million images or engravings of artworks from 1700 to the present day along with comments by Artprice's art historians. Artprice permanently enriches its databanks with information from 3,600 international auction houses and auctioneers and publishes a constant flow of art market trends for the main news agencies and 6,300 international written media. For its 1.3 million members (member log in), Artprice posts standardized adverts in what is today the world's leading Standardised Marketplace® for buying and selling works of art (source Artprice).

    Artprice is listed on Eurolist by Euronext Paris: Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF

    Artprice releases: http://serveur.serveur.com/press_release/pressreleaseen.htm

    Follow the Art Market in real time:
    Twitter Code: http://twitter.com/artpricedotcom/

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