Artists under 30: Four to watch

paulfrasercollectibles

2015-06-26 13:36:16

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Artists under 30: Four to watch

We take a look at the work of four of the biggest selling artists aged 30 and under

Artists under 30: Four to watch

Many a collector dreams of finding the next "big thing" in the art world. To give you a head start, we've picked out four to follow over the coming years.

Allare aged 30 or under and feature on Bloomberg's list of the top-selling artists born in the 1980s, with figures takenexclusively from auction sales.

4) Chen Chengwei (born 1984) - total sales $442,000

An emergent painter who graduated from the China Academy of Art in 2006, the hype around Chengwei is growing but has yet to reach fever pitch.

Chen Chengwei Village MemoryChen Chengwei's Village Memory, which sold for $12,919 at Beijing Huachen Auction in November 2013

His photo-realistic and often surreal paintings are rising steadily in value as his cachet grows - although to date he has experienced little exposure outside his native China.

In June 2013, his China No. 4 - Beauty achieved $71,187 at a Beijing auction - setting his current record.

3) Flore Sigrist (1985) - $658,000

Sigrist began her painting career at the age of seven, and was exhibiting in her native Switzerland by the time she was eight.

A highly precocious artist, her work draws on abstract expressionism, and is notable for its exquisite balance and composition.

Flore Sigrist Untitled Sotheby'sThis untitled work by Sigrist dates to 2001 and sold for $96,250 at Sotheby's New Yorkin November 2013

Intriguingly she appears to have eschewed the gallery route, with the majority of her works being consigned directly to auction.The body of work she has already developed in her 22-year careergives her a distinctedge over other artists in her age group.

The record forSigrist's work at auction was set at $134,500 for Sur Le Trampoline ca Decoiffe!, which sold at Sotheby's New York in 2013.

2) Oscar Murillo (1986) - $1.4m

Murillo is a Columbian-born painter based in London who is being widely touted as a star in the making. A string of major sales last year has significantly increased his price point, which has shifted from four to six figures in under two years.

In June of last year an untitled work from 2011 made a record 235,875 ($391,475) at a Post-War and Contemporary Art sale at Christie's - up 746.2% on estimate.

Oscar Murillo untitled recordThis record breakinguntitled work by Murillo made a 902.5% increase on estimate atPhillips New Yorklast year

That record was almost immediately broken when another untitled work made $401,000 at Phillips in New York in September 2013 - eclipsing its $40,000 estimate by 902.5%.

Kenny Schachter, a London-based dealer, told Bloomberg: "He's had the quickest upward trajectory for his age of any artist I've seen in 25 years. There's a lot of money to be made trading Oscar Murillo at this point."

1) Jacob Kassay (1984) - $4.5m

Kassay is currently the biggest selling artist under 30, although with a record auction price of $317,000 - set at Phillips New York in November 2013 - his ascent has been less explosive than Murillo.

Jacob Kassay auctionThis untitled work by Kassay made $121,250 at Phillipsin April last year - up 34.7% on estimate

Like Murillo, Kassay's work has risen significantly at auction and received a significant degree of press coverage as a result.

By the age of 26 he was commanding six figures at auctionfor his work, which largely consists of reflective electroplated canvases.

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