The top contemporary artists by auction turnover

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Pavel Prikhodko, Ph.D. Machine Learning

The United States held the largest share of the global art auction market in 2017: 35 percent. This put the U.S. ahead of second-place China, which held 33 percent of the global market share that year. The United Kingdom came third with a 16 percent share of the global auction market, followed by France at 7 percent. Germany, Switzerland, Italy and Austria each held about 1 percent, and approximately 5 percent belonged to other countries.

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The U.S. auction market has its own favorite artists — let’s analyze the leading contemporary artists in the country by auction turnover. The statistics are based on a survey conducted from July 2015 to June 2016 which defined contemporary artists as those born after 1945.

During the survey period, sales of Jean-Michel Basquiat’s artwork lead the pack, generating an auction turnover of over $139.48 million.

Christopher Wool’s work saw approximately $84.03 million of auction turnover. He was followed by Jeff Koons and Richard Price, whose works generated auction turnovers of $58.5 million and $55.88 million respectively. Other leading contemporary artists by auction turnover in the United States as of 2015/2016 included Peter Doig with $44.66 million, Yoshitomo Nara with $31.71 million, Rudolf Stingel with $28.45 million, Keith Haring with $24.26 million, Fanzhi Zeng with $22.61 million and Anselm Kiefer with $21.12 million.

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About Pavel Prikhodko

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Pavel Prikhodko, Ph.D. Machine Learning

Pavel has worked for many years as a researcher and developer on a wide range of applications (varying from mechanics and manufacturing to social data, finance and advertising), building predictive systems and trying to find stories that data can tell.

In his free time, he enjoys being with his family.

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