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The List Of The Most Influential Top100 Female Artists Has Been Announced

8 Mar 2021, 14:00

During the turbulent period of the global art market in 2020, the market for female artists can be said to be very smooth, especially the market share has broken through the all-time high, and female artists have attracted more and more attention. They were once in an extremely small position in the art world, they were not allowed to participate in the Roman Academy Grand Prix (the ban was not lifted until the end of the 19th century), and the French Academy did not accept women as professional painters. Few female artists were officially commissioned to produce works of art, and until the early 20th century, female artists were banned from taking body sketching classes at the Royal Academy of Fine Arts. After 100 years, the status of female artists has developed rapidly.

Nowadays, female artists in the world have obtained more and more opportunities to come to the fore; they not only find a foothold in the art history, but gradually onto the auction stage, whether in the art market or academia have received widespread attention. Will the works of female artists be the next collection hot spot? Next, please follow the global market report for female artists with ArtPro.

The global market share of female artists has increased 1.5 times in the past 10 years

Over the past decade, the total turnover of global female artists in the auction market has gradually increased, but on the whole, there is still a lot of room for growth from 10% of the market share. In 2011, the global market share of female artists was only 2.68%, breaking through 3% in 2013, 4% in 2018, 5% in 2019, 6% in 2020, and reaching an all-time high of 6.74%. Focusing on 2020, with the overall market showing a downward trend, the global market performance of female artists is remarkable: the number of auctions of female artists around the world is 10545, down nearly 50% from the same period in 2019. However, the turnover was US $630 million, or 84% of the 2019 turnover, including US $253 million for living female artists and US $379 million for deceased artists.

Market share of global female artists from 2011 to 2020

Market share: female artists in New York account for nearly 60% of the market

The global market for female artists is mainly distributed in seven major cities, including New York, London, Hong Kong, Paris, Tokyo and Beijing, among which New York is far ahead of other cities with a turnover of US $294 million and a 55% market share. New York is also the only city where the total turnover of female artists exceeds 100 million. In addition, London, Hong Kong and Paris ranked second, third and fourth with US $92.82 million, US $77.07 million and US $20.66 million respectively, followed by Cape Town, Tokyo and Beijing with turnover between US $50 and US $9 million. It can be seen that the European and American market is a precious place for female artists to earn income, and it also reflects that the European and American markets pay much more attention to female artists than in Asia and other regions. Beijing, the city with the second market share in the world, has a market share of only US $8.29 million, 1.5%, for female artists. The attention paid to female artists in the Beijing market is relatively weak.

Left:the distribution of global artists turnover in different regions
Right:the distribution of the total turnover of global female artists in different regions

The Top10 works of female artists were sold eight pieces in New York

The value of global female artists in Europe and the United States is not only reflected in the total volume of sales, but also achieved dazzling achievements in high-end auction. In 2020, the Top10 of female artists sold 8 pieces in New York. It comes from five female artists, five of which are owned by Joan Mitchell, two by Tamara De Lempicka, one each by Lee Corasna, Frankentale and Marlene Dumas, and none of the works by Asian female artists have entered the Top10.

Of these five artists, four are decreased female artists. Only Marlene Dumas is a living female artist. She was born in Cape Town, South Africa in 1953 and now lives in Amsterdam, the Netherlands. Her work "Oktober 1973" sold for $7.69 million at Piazza in Cape Town, setting a new individual auction record for an artist.

Female artist Top10 auction in 2020

The 100 most influential female artists in the world

ArtPro launched "Top100, the most influential female artists in the world" on March 8, 2021, which looks at the growth and change of female artists from an objective and rational point of view, ranking on the basis of the turnover of living female artists in the art auction market in 2020. It is worth noting that among Top100 female artists, Yayoi Kusama has ranked first in terms of sales volume among female artists in the world for nine years. The enthusiastic pursuit of female artists in the market is reflected in the fact that 46% of the listed female artists have brushed their personal auction records twice in a year.

In terms of market potential, 67% of female artists' works range from 210000 to 100 million US dollars, and these middle-priced female artists still have a lot of price space; among them, female artists in the 1970s and 1980s have attracted the attention of the market. The number of works sold by them accounts for the largest proportion of all female artists.

Yayoi Kusama has been the Top1 female artists in terms of turnover for 9 years in a row

In 2020, Yayoi Kusama sold 604 pieces and earned US $59.86 million, the highest among the 100 most influential female artists in the world, far more than any other female artist. Among the 100 most influential female artists in the world, Yayoi Kusama has been the Top1 of living female artists in terms of turnover for 9 years in a row. Yayoi Kusama has a high international reputation, a solid market foundation, a large base of works, and extensive social attention in academia and exhibitions, and her auction strength is unstoppable.

The most expensive auction for Yayoi Kusama in 2020:

Artists in the 1970s and 1980s in Top100 are the mainstay of the market

It is distributed from the age group of 100 female artists: 6% in the 1900-1920s, 25% in the 1930-1940s, 29% in the 1950-1960s, 37% in the 1970-1980s and 3% in the 1990s. The number of artists ranked first in the 1970s and 1980s, which shows that the new force of female artists can’t be ignored.

Firenze Lai, Jadé Fadojutimi, Kudzanai Violet Hwami and Portia Zvavahera are all post-70s artists whose works won't be auctioned until 2020, they have been included in the 2020 Top100 female artists list, which shows the strength of the auction.

The proportion of female artists of different ages in Top100

Among the 100 most influential female artists in the world, 37 female artists set new individual auction records in 2020: 46% of artists set records twice in a year, 38% of artists set records in more than one year-5 years, and 16% of artists set records in more than 5 years. It can be seen that collectors have a high acceptance of the works of influential female artists, and there is no lack of many new stars to express their auction achievements many times within three years, such as Dana Schutz, Ayako Rokkaku and other artists.

The interval between two individual records of female artists

The transaction of Top100 female artists

Among the 100 most influential female artists in the world, women artists with a total turnover of more than 10 million US dollars accounted for 6%, 27% of women artists worth more than 1 million US dollars, and 67% of female artists worth 210000 to 100 million US dollars. $200000 to $1 million is the mainstream range of the art market.

Japanese female artists are the mainstay of the Asian market

In the region of the 100 most influential female artists in the world, in terms of quantity distribution, American female artists are absolutely dominant, accounting for 50% of the number; although the number of Asian female artists is less than half that of the Americas, but the total transaction volume is the first of all continents, accounting for 33%.

Top100 female artists account for the proportion of turnover and the number of artists on each continent

In terms of the total turnover of artists in Asia, Japanese female artists are the absolute main force in the market, while Chinese female artists account for 87% of the market turnover, Chinese female artists account for only 8%, and Southeast Asia and other regions only account for less than 5%. Among them, Japanese artist Yayoi Kusama stands out, with one person accounting for 76% of the entire Asian market share, followed by Ayako Rokkaku accounting for 9%.

1929 -
1982 -

In the market share of the Americas, in terms of the total turnover of artists, American female artists account for 97% of the total turnover. It is worth noting that the high market share in the United States does not focus on one or two female artists, but is helped by a number of female artists in different price ranges: among them, 30% are female artists with more than 10 million US dollars, 47% are female artists with more than 1 million US dollars, and 23% are female artists with 20 to 1 million US dollars.

Europe's main market share comes from the UK, where female artists account for 78 % of turnover; Africa's main share is also driven by head female artists, with South African artist Marlene Dumas alone accounting for 87 % of African women's turnover.

1953 -

The total transaction volume is 16.82 million US dollars.

With the development of the global art market and the continuous expansion and diversification of collectors, female artists also have more room for development. After the epidemic in 2021, with the recovery and adjustment of the global art market, whether female artists can start a prairie fire like a spark in the future, ArtPro will continue to pay attention to the changes of female artists around the world and bring you more market trends.

Attached: Top100 list of the most influential female artists in the world (ranked on the basis of the turnover of living female artists in the art auction market in 2020)

Source: ArtPro Author: Lishuai
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