Where to start when buying at art fairs? These 8 artists who have suddenly become popular can be focused on

in LifeStyle3 years ago

Shanghai Autumn Art Week is in full swing. In addition to running out of legs to see the dazzling exhibitions, I believe that many local art lovers and collectors have made various preparations and buying strategies for the two upcoming highlights, West Coast Art Fair and ART021. In addition to satisfying long-awaited wish lists, discovering artists beyond the horizon and synchronizing the latest trends in the global art market is also one of the great pleasures of the fair.

And in the recent secondary market, there happens to be a group of eye-catching new generation figures that have achieved amazing results

. Some of them were instantly in the seven-figure club, some sold out in solo exhibitions, some repeatedly set new auction records, and some crossed over into the ranks of artists represented by top galleries. Before squeezing into the VIP previews at art fairs, the following eight artists who have suddenly shot to fame as rising art stars are believed to be the most unmissable figures for market watchers.

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Yoshitomo Nara's kawaii portrait of a child with Margaret Keane's exaggerated, glittering eyes is the work of the recently popular artist Javier Calleja

. Since first appearing at auction in April 2019, his paintings, works on paper, and limited edition hipsters have built a thriving secondary market ecosystem. While the price of his tide play is currently just over $10,000, the prices of his prints, drawings and paintings continue to rise.

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Havel's Trovador and Not Fat sold for HK$693,000 and HK$781,200 respectively at Sotheby's Hong Kong autumn auction
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Javier Callea, "WHAT?

Acrylic on canvas, 195x162cm, painted in 2018

Estimate: HK$300,000-500,000

Sold: HK$3,725,000 (Christie's Hong Kong, 07.10)

Demand for Havel's work has grown exponentially over the past five years. From 2016 to 2017, the number of inquiries for his works on auction data platforms more than tripled year-on-year; from 2018 to 2019 it almost tripled and is expected to quintuple year-on-year in 2020.

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Huang Yuxing is one of the most sought-after Chinese contemporary artists of the moment. In the past five years, his auction sales have increased by 1055%, from $2.05 million in 2015 to $21.63 million in 2020-and that's just counting the first ten months of the year.

Meanwhile, Huang Yuxing's unit prices have also made a qualitative breakthrough. In Christie's Hong Kong evening auction in July, Illumination sold for HK$8.645 million, raising his auction record nearly fourfold in one fell swoop (Huang's previous top price had long hovered around $2 million). And in October's Beijing Poly Celebration Auction, Huang Yu Xing's 6-meter-long magnum opus "The River" was sold for another $5.52 million, setting his second-highest personal price and solidifying a price system that had been rapidly pushed up.
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Huang Yuxing "Shine

Acrylic on canvas 230x320cm Made in 2016-2018

Estimate: $1,000,000 - $2,000,000

Sold Price: HK$8,645,000 (Christie's Hong Kong, 07.10)
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Huang Yuxing "River Swirling

Oil on canvas 260×600cm 2014

Estimate: 1,500,000-3,000,000 RMB

Sold Price: RMB 5.52 million (Poly Beijing, 10.16)

More importantly, for most art collectors, Huang Yuxing's works are still in a reasonable and affordable price range, so there is still plenty of room for growth

. At his 2019 exhibition of new works at the King's Gallery in London, the curator revealed that "each painting has at least three collectors who want to buy it, and one small work, Ore and Trees (2019), has a waiting list of ten buyers from China and several Western buyers". With a naive candor and sensual excitement, Huang Yuxing continues to captivate those fascinated by art.
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For Titus Kaphar, 2020 is definitely a milestone year. This year, he parted ways with longtime manager Jack Shainman to join top gallery Gagosian; his work subsequently appeared in Time magazine, and his first solo show since jumping ship was met with rave reviews

His first solo show after the jump was well received. Even before the show began, Gagosian sold a new work by Coover, Braiding possibility (2020), for $300,000 through an online sales channel, and the market was tight.

Along with the rise in prices on the primary market, Coover's market on the secondary market has also begun to soar. Since Coover's work first went to auction in 2013, he has never had more than three lots per year. So far in 2020, however, he has had 11 works appear at auction, including five sales in October alone.
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Titus Coover, Jefferson's "Farm Book", page 4

Oil on canvas, mounted on board 152.4x121.9cm 2018

Estimate: $200,000-$300,000

Sold: $854,900 (Sotheby's New York, 10.02)

One of the artist's large portrait paintings, Jefferson "Farm Book" Page 4, made in 2018, sold for $855,000 in Sotheby's "Contemporary Curatorial" section, almost tripling its high estimate ($300,000) and setting a new auction record for the artist. In the Foyles London sale in late October, another of his deconstructed classic paintings, Alternative ending, sold for five times its high estimate of £80,000 and fetched £466,200, his second highest price.

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