Picasso, Warhol and Baishi were the art of 2009



2015-06-26 11:53:39

Picasso, Warhol and Baishi were the art of 2009

'Baishi who?' you might ask. China's 20th century master was the third most lucrative artist, last year

New figures released by art market analysts Artprice reveal that Pablo Picasso dominated last year's auction sales, netting a total $121m in sales.

Just behind him was Andy Warhol, the second most lucrative artist helping the art markets weather the recession in 2009.

 Baishi's success corresponds with China's growing presence in the art markets

Third place, however, is a little less obvious: the classical-modern works of Qi Baishi, considered the most accessible 20th century Chinese master.

Baishi's 2009 saleswere reportedly$70m.

According to analysts,the artist'ssuccess has been bolstered by Asia's increasingly influential and confident financial elite.

Sales ofBaishi's workdirectly correspond with China's growing share of the overall market - 17% up from 4% in 2005.

After proving themselves as a major force in the fine wines and stamps markets, Artprice's figures suggest thatAsia's collectors and investorscould also bringa bright future for art.

Images: Christie's

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