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Artmarket.com: Paris Photo presents the best works of a medium Artprice considers essential
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PARIS, Nov. 8, 2023 /PRNewswire/ –The excitement surrounding the Paris Photo Fair (9 to 12 November 2023) at the Grand-Palais Éphémère comes not just from the fair itself, but also from the numerous exhibitions and auctions dedicated to photography in the French capital at the beginning of November. Indeed, this annual event largely accounts for France’s centrality in this niche market. In 2022, French auction houses generated 11% of the art photography segment’s global auction turnover, a contribution that was almost twice that of its contribution to other artistic mediums at the global level (5.9%).
thierry Ehrmann, CEO of Artmarket.com and Founder of Artprice: “Paris Photo has become the essential fair for all sectors of photography: this 27th edition of the fair will host international galleries (Pace, Gagosian…) in historic places (Camera Obscura, Le Réverbère…), press agencies (Magnum, Aperture…), publishing houses (Actes Sud, Hatje Cantz…), experimental projects (L’Avant Galerie Vossen, laCollection.io…) as well as the work of numerous photographers (Kristine Potter, Omar Victor Diop…).
“We have always been dedicated to endorsing Paris Photo, especially in 2000 when we proudly served as the main sponsor, supporting Rik Gadella in the development of the show,” thierry Ehrmann recalls.
The popularity of the photography medium is primarily due to its accessibility: the average price for a photographic work is $6,000 at auction, compared to $41,000 for a painting and $23,000 for a sculpture. This accessibility is partly due to their reproducible nature; photos usually exist in several copies, sometimes in different sizes, which can be exchanged regularly or have equivalents in highly prestigious collections. NFT technology opens up new avenues for informing and reassuring collectors about the quantities of works in circulation.
Return to the big names in traditional photography
With 24,100 lots sold worldwide in 2022 (including 5,000 in France), sales of photographs represented 3.4% of the total number of fine art auction transactions around the world and generated a total of $147 million. But it was only the 11th best year for this medium, whose turnover reached a record $220 million in 2014. Despite two historic results – for Man Ray’s Le Violon d’Ingres (1924) at $12.4 million (Christie’s New York on 14 May 2022) and for Edward Steichen’s The Flatiron (1904) at $11.8 million (Christie’s New York on 9 November 2022) – the high-end photography market is no longer as buoyant as it was ten years ago: there were only six results above the million-dollar threshold in 2022 compared with thirteen in 2014.
Since 2020, hard hit by the health crisis, the photography market has nevertheless returned to growth, driven by the big names of the 20th century rather than by the superstars of Contemporary photography. This change in collectors’ preferences is particularly noticeable for Andreas Gursky, notably through the results of Pyongyang IV (2007) of which seven very large copies were printed (304 x 207 cm):
14/02/2008 : 1,375,000 $ (estimated: $300,000 – $400,000)
15/10/2010 : 2,128,000 $ (estimated: $800,000 – $1,120,000 $)
11/11/2015 : 1,390,000 $ (estimated: $1,200,000 $ – $1,800,000 $)
10/15/2021: Not sold (estimated: $440,000 – $578,000)
06/28/2023: Not sold (estimated: $253,000 – $380,000)
Richard Avedon, new ‘top-seller’
At Paris Photo 2023, the Gagosian Gallery will be presenting works by William Eggleston (1939), Sally Mann (1951), and Richard Avedon (1923-2004). The latter is the most successful photographer in the world at auction. Since the start of the year, 55 of his photographs have sold at auctions generating $3.9 million. Richard Avedon already has seven results above $200,000 in 2023, tapping into a particularly dynamic market in the United States where 90% of his auction turnover is hammered.
Top 10 photographers by global auction turnover, January to November 2023
©artprice.com
- Richard AVEDON (1923-2004): $3,874,000
- Cindy SHERMAN (1954-): $3,782,000
- Barbara KRUGER (1945-): $3,024,000
- Richard PRINCE (1949-): $2,984,000
- Hiroshi SUGIMOTO (1948-): $2,929,000
- Ansel Easton ADAMS (1902-1984): $2,342,000
- Robert FRANK (1924-2019): $2,311,000
- Robert MAPPLETHORPE (1946-1989): $1,953,000
- William EGGLESTON (1939-): $1,937,000
- Wolfgang TILLMANS (1968-): $1,903,000
Cindy Sherman remains the second top-selling photographer in the world. The prices of her photos have however fallen substantially, as evidenced by the various sales of her work Untitled film #48 (1979), printed in triplicate in a 40 x 50 cm format:
19/05/1999 – $200,500 (estimated: $60,000 – 80,000)
12/05/2004 – $321,600 (estimated: $200,000 – $300,000)
13/11/2007 – $1,217,000 (estimated: $800,000 – $1,200,000)
11/11/2014 –2,225,000 (estimated: $1,500,000 – $2,000,000)
27/06/2023 – $970,000 (estimated: $800,000 – $1,000,000)
NFTs included in the photo market
With its new Digital sector, Paris Photo 2023 gives pride of place to digital art and NFTs. The German gallery Nagel Draxler will be presenting a solo show by crypto-art pioneer, Kevin Abosch. The English platform Verse is joining forces with the Nguyen Wahed gallery to offer a selection of three big names in the Web3 ecosystem: 0xDEAFBEEF, Sofia Crespo, and Matt Deslauriers, Four artists for whom Artprice already has sufficient results to estimate the value of their works.
Generative art is driving NFT sales this year. Spectacular results for Dmitri Cherniak, Tyler Hobbs, Larva Labs, and Snowfro have consolidated a market that is still young and volatile. However, in its brand new Contemporary and Ultra-contemporary Art Market Report, Artprice observes that NFT sales now represent 11% of auction proceeds for artists under 40, which makes this medium the second largest after painting for young, fashionable signatures. Reason enough to try to combine this technology with photography.
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Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information (the original documentary archives, codex manuscripts, annotated books and auction catalogs acquired over the years ) in databanks containing over 30 million indices and auction results, covering more than 825,000 artists.
Artprice by Artmarket, the world leader in information on the art market, has set itself the ambition through its Global Standardized Marketplace to be the world’s leading Fine Art NFT platform.
Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.
Artmarket with its Artprice department accumulates data on a permanent basis from 7200 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 7.2 million (‘members log in’+social media) users have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® to buy and sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321.3 of France’s Commercial Code).
Artmarket, with its Artprice department, has twice been awarded the State label “Innovative Company” by the Public Investment Bank (BPI), which has supported the company in its project to consolidate its position as a global player in the art market.
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New Study Reveals Majority of Indians Prioritize Nutrition Over Taste, Surpassing Global Average
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Based on a recent survey of urban Indian consumers:
-
Nine out of 10 consumers are searching for protein-rich food compared to seven out of 10 global shoppers. -
The top four qualities consumers look for when buying snacks are (1) natural, (2) heart-healthy, (3) protein-rich and (4) energy-source, all of which come before satisfying cravings. -
Nuts have emerged as one of the most popular snacking choices, with 86% of Indian shoppers report having purchased them in a span of 6 months. -
Urban Indians read nutrition labels more than the global average, reflecting a growing trend towards informed purchasing. -
69% of urban dwellers surveyed have the opinion that plant-based protein is just as good as meat-based protein, exceeding the global average of 55%.
Wonderful Pistachios, the world’s largest grower and processor of pistachios and distributor of California Pistachios in India, released today, World Nutrition Day, the findings of a new global study that sheds light on the snacking habits of urban Indians. The study, commissioned with Material, a leading global research consultancy, included 10 countries and over 12,400 respondents, revealed a new behavioural trend that urban Indian consumers prioritize nutrition over taste when it comes to snacking. This growing preference for healthy snacking emphasizes the importance of good nutrition for overall well-being.
For the India market specifically, the study delved into the snacking habits of 2,415 shoppers across six Indian cities, which represented a population of approximately 35.9 million consumers. Remarkably, a majority of urban Indians (58%) reported basing their food purchasing decisions on nutritional benefits more than taste, exceeding the global average of 52%. Delhi and Ahmedabad lead with over 60% of urban shoppers preferring nutrition in their food. Bengaluru and Chennai follow closely, indicating a nationwide shift towards smarter snacking preferences. In India, Millennials and Gen Z are leading the charge in health-conscious purchasing decisions, with more than 83% of consumers in these age groups reading nutritional labels before buying.
Indian consumers prioritize four key factors when shopping for nutritional snacks: natural (free of artificial colours and preservatives), heart-healthy, protein-rich, and provides energy. Nine out of 10 urban shoppers consciously seek protein-rich food options, compared to the global average of seven out of 10. The focus on nutrition has fueled the rise of nuts as a preferred snack choice, becoming essential to daily eating habits. The study found a staggering consumption of nuts, with 86% of Indian shoppers report purchasing them in a span of 6 months, compared to just 75% globally. With 6g of protein in per 28g serving, California Pistachios are a smart snack choice that provides benefits without sacrificing taste.
Shail Pancholi, Country Director, India, Wonderful Pistachios, commented on the study, saying, “Nuts were traditionally used as garnishes and consumed during festivals, but have now become a popular snack in India, indicating a notable shift in dietary habits. Pistachio consumption in India has doubled in the last six years, as consumer awareness of the nutritional benefits that pistachios offer has grown. Consumers are discovering that pistachios are naturally cholesterol-free, rich in plant-based protein and dietary fiber, and provide over 30 different vitamins and minerals.”
Interestingly, the study found that nuts are the second most preferred snack among urban Indian consumers, with 64% of Baby Boomers and 59% of Gen Z prioritizing nutrition over taste when selecting food. This indicates a growing focus on health across generations, with Baby Boomers focusing on senior wellness and Gen Z reflecting the rise of mindful purchasing. Though on opposite ends of the age spectrum, these two generations take the lead in seeking protein-rich options, as well as preferring natural snacks.
Mumbai tops most of the consideration sets when choosing a snack. Residents opt for natural ingredients (35% vs. the national average of 30%), heart-healthy options (33% vs. 30%), and protein (33% vs. 29%). Chennai residents look for energy-boosting snacks (31% vs. the national average of 29%).
The fact that 69% of urban Indians surveyed have the opinion that that plant-based protein is just as good as meat-based protein reflects a positive shift towards varied dietary preferences. Pistachios are a good source of high-quality complete protein, containing all nine essential amino acids. A 28g serving of pistachios provides 6g of protein, which is 11% of the recommended daily allowance (RDA) according to FSSAI.
The Wonderful Pistachios study unveils a compelling shift in Indian snacking habits. Nuts are evolving from festive treats to a daily snacking staple, fueled by a nationwide preference for more nutritious options. The trend transcends generations, resonating with Gen Z and Baby Boomers alike, underscoring the growing importance of mindful eating in urban India. As consumers increasingly seek natural, heart-healthy, protein-rich, and energy-boosting snacks, the future of Indian snacking appears to be firmly rooted in nutrition and well-being.
Wonderful Pistachios
Wonderful® Pistachios is the world’s largest grower and processor of pistachios, with a global presence in over 70 countries. As a vertically integrated operation, they are experts in every step of the process from tree to shelf, ensuring the highest-quality product every time. In tandem with its Grower Partners, Wonderful Pistachios harvests 125,000 sunny acres (50,000 hectares) of land in California that receive warm days and cool nights, which work in harmony with the rich, natural soils to create the perfect growing climate for high-quality pistachios. They ship 600 million pounds (204 million kg) of nuts worldwide from their advanced processing facilities to ensure the highest standards are met. When it comes to pistachios, Wonderful® Pistachios expertise is unmatched in scale and capacity, paired with warehouses and sales teams worldwide that are well-equipped to provide support at every step of the way.
California Pistachios
California Pistachios are grown and distributed by The Wonderful Company, the world’s largest vertically integrated pistachio processor and marketer located in California’s Central Valley. California Pistachios are Non-GMO, providing a smart, healthy choice for consumers around the world. Sun-ripened in the moderate Mediterranean climate of California, these distinctively green nuts pack taste and contain antioxidants and over 30 different nutrients. California Pistachios in India are available under leading brands and private labels at retail outlets, grocery stores, and online platforms.
For more information about California Pistachios India, please visit www.b2b.wonderfulpistachios.com
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SINGAPORE, May 31, 2024 /PRNewswire/ — Senior Minister of State for Communications and Information Tan Kiat How launched the Digital Enterprise Blueprint (DEB) at Asia Tech x Singapore (ATxSG) 2024 today. The Blueprint will enable SMEs to harness technology, optimise the way they work, and strengthen digital resilience and cybersecurity across the ecosystem. 50,000 SMEs are expected to benefit over the next five years through four key focus areas:
- Empower enterprises to be smarter by adopting AI-enabled solutions
- Enable enterprises to scale faster through cloud-based and integrated solutions
- Equip enterprises to be safer through improved cyber resilience
- Support enterprises to upskill workers to make full use of digital capabilities
Seven partners have come onboard to pledge their commitment, including Singapore Business Federation, Singapore Computer Society, SGTech, Amazon Web Services, Google, Microsoft and Salesforce.
In collaboration with IMDA and the TechSkills Accelerator for ITE and Polytechnics Alliance, SGTech is launching the Tech Apprenticeship Programme to expand the career pathways of graduates by providing access to industry apprenticeships that offer on-the-job training and development opportunities. Over the next two and a half years, SGTech aims to facilitate the placement of at least 300 apprentices who are fresh or mid-career professionals from polytechnic or ITE backgrounds, and drive the adoption of similar practices that promote more inclusive hiring and career agility.
IMDA and the Singapore Academy of Law (SAL) signed an MoU aimed at uplifting the legal sector’s productivity through the use of GenAI. As part of this partnership, GPT-Legal, a new large language model which is contextualised for Singapore’s legal sector, will be co-developed. The model will be integrated into SAL’s research platform LawNet, which is accessible by 75% of Singapore’s lawyers. SAL will also be penning an MoU with the National University of Singapore and AI Singapore to develop its AI capabilities and create a certification to recognise AI specialists in the legal profession.
Additionally, Tribe and Digital Industry Singapore announced a collaboration with NVIDIA to launch the Ignition AI Accelerator for AI startups to create and bring to market the next wave of advancement in AI solutions. This programme will nurture 15 high-potential startups, equipping them with well-rounded support covering business and technical needs. NVIDIA and Tribe will also collaborate with EnterpriseSG to offer qualified AI startups funding support through the Startup SG Tech scheme, and assist them through the IMDA Accreditation process.
Singapore hosted the final meeting of the UN Secretary-General’s Artificial Intelligence Advisory Body (AIAB) from 28-29 May. As part of the agenda, Singapore facilitated an engagement session between AIAB and the Digital Forum of Small States (Digital FOSS). Digital FOSS Fellows exchanged views with AIAB members on the topic of AI governance, particularly on the implications and challenges faced by small states. Through such efforts, Singapore aims to promote a more inclusive approach towards shaping global AI and digital governance.
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SHENZHEN, China, May 31, 2024 /PRNewswire/ — By 2040, the burden of colorectal cancer (CRC) is projected to increase to 3.2 million new cases and 1.6 million deaths per year representing a 66% and 71% rise in new cases and deaths respectively relative to 2020.
To better address the global burden of CRC and reduce its impact, BGI Genomics has launched the second edition of its global CRC awareness report, covering 1,938 respondents from Brazil (306), China (367), Poland (300), Saudi Arabia (300), Thailand (362), and Uruguay (303):
CRC Screening Gaps Vary Globally: Nearly half (49.3%) of global respondents have never undergone CRC screening, with the highest proportions in Saudi Arabia (62.0%) and Poland (61.0%).
Preference for Fecal Testing Over Colonoscopy: Although colonoscopies are more recognized (33.4%), fecal tests at healthcare facilities are preferred (31.8%), reflecting a trend towards non-invasive methods.
Cost and Fear are Determinants of Screening Choice: Fear of colonoscopy (18.2%) and screening costs (17.7%) are major barriers to CRC screening. Poland (24.7%) and Uruguay (21.0%) show the highest fear of colonoscopy, while Thailand (24.5%) and Brazil (20%) indicate the most concern about costs.
Medical Advice and Family History Drive CRC Screening: Doctor’s recommendations are a major driver for CRC screening (30.5% globally), with Uruguay showing the highest adherence (44.1%). Additionally, those with a family history of CRC are more proactive in screening (64.5%), compared to the general population (35.0%).
Prof. Varut Lohsiriwat from Mahidol University offers his insights to this report. He suggested: “The essence of effective cancer screening lies in the acceptance and adherence of the patient to the screening method. The best screening method is the one that the patient accepts and adheres to because that’s the method that will actually benefit them.”
Dr. Zhu Shida, BGI Genomics Deputy GM, notes: “At BGI Genomics, we focused our efforts on developing advanced molecular biology testing techniques to close the gap [between acceptance and accessibility]. The ultimate goal is to transform colorectal cancer from a life-threatening disease into a manageable condition through widespread, early screening and intervention.”
For more region-level comparisons, access the full BGI Genomics 2024 State of CRC Awareness Report.
All data involved in this report come from the results of an online survey project conducted by BGI Genomics. It only surveys awareness related to colorectal cancer and does not involve personally identifiable data.
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New Study Reveals Majority of Indians Prioritize Nutrition Over Taste, Surpassing Global Average
Singapore Prepares Ahead to Leverage Artificial Intelligence for a Better Future
One in Six Globally Concerned About Colorectal Cancer Screening Costs
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