Warhol Auction Prices Up 130% in ’10 (Art Market Monitor)

January 8, 2011 By Marion Maneker Leave a Comment

The Wall Street Journal has some data from Artnet.com on the top 25 artists of 2010 by auction sales. Kelly Crow offers this interesting comparison from the data which shows the average price of a Warhol at auction increasing from $127,161 in 2009 to $292,197. That’s a rise of 130%. The question is whether Warhol is a good measure of the broader Contemporary art market:

Last year, 1,256 Warhols sold at auction for a combined $367 million, up from 983 of his works for $125 million a year earlier, database Artnet says. [Read more...]