LiveArt's Hot List for 2023

Who are the hottest artists at auction in 2022 whose markets are likely to continue to rise in 2023? George O'Dell talks us through the trends that emerged from looking at more than 200 artists whose overall auction prices were well above the estimates. We identified six main trends: 1) strong demand for artists who are women; 2) revivals of forgotten or undervalued artists; 3) big names gaining value; 4) naive painters; 5) surrealists and their contemporary admirers; as well as demand for 6) a wide range of quirky Asian artists and historical Asian painters. To identify these trends and the artists who drive them, we calculated the hammer ratios for all auction lots by artist. The hammer ratio is the final hammer price of all lots sold divided by the aggregate low estimate of all lots offered. If works don’t sell—an increasingly rare phenomenon these days—or sell below the estimates, the hammer ratio can fall below 1.00. Conversely, if works sell above the estimate range (a hammer ratio of 1.5 or above) and the artist has enough works offered during the year, we can get a sense that demand is at a higher level than sellers anticipated. Then we removed any artist with fewer than 10 auction records, sorted by hammer ratio and looked at more than 200 artists whose work was bid above the estimates. From those 200, we could see the trends discussed here.

You can listen to LiveArt's Hot List for 2023 online on Radio and Podcast. Open the player on this page to stream the available audio.

LiveArt's Hot List for 2023 is an episode from Artelligence Podcast by Artelligence Podcast.

This episode is 00:47:18 long.

This episode was published on Jan 17, 2023.

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