Before Art Basel Miami 2021, gender parity in the art market is still lacking; But could NFTs change that?
PARIS, November 30, 2021 / CNW / – Despite the big result for an exceptional (and relatively small) painting by Frida Kahlo, the Mexican artist was still only in 18th place in the ranking of Artprice artists by auction turnover for the month of November 2021, behind 17 male artists. And while this trend has completely reversed for the generation of artists born after 1985 (the 8 best-selling signatures were all young women!), One wonders: what is the situation of gender parity on the NFT market?
thierry Ehrmann, CEO and founder of Artmarket.com and its Artprice department: “The creation of the TVN market should be an opportunity to achieve a kind of gender parity in the art market. Technology is revolutionizing an entire industry, as shown by Art Basel Miami Beach which opens its doors this year in Tezos (“home to one of the fastest growing NFT artist communities “) and Scope Miami which has decided to issue its VIP invitations in the form of non-fungible tokens“.
“Women’s world”
It was only a few years since NFTs first appeared on the web, and only a few months since the general public discovered non-fungible digital tokens; but some have already commented on the lack of female presence in this new world. Several projects have nevertheless been developed to try to correct this imbalance, starting with a collection of exclusively female PFPs (profile photos) by Women’s world: https://opensea.io/collection/world-of-women-nft
“World of Women was created to bring more diversity and inclusion to the NFT space while bridging the gap between collectibles and unique edition art worlds.“.
Given the long-standing gender disparity in the traditional art market, fears of a male-dominated digital world seem perfectly rational. that of New York the prestigious November sales – driven by the Macklowe Collection at Sotheby’s and the Cox Collection at Christie’s – were once again dominated by Warhol, Van Gogh, Picasso, Monet, Twombly, Rothko, Giacometti, Richter, etc.
But things are changing …
Frida Kahlo was the top-selling female artist at November this year’s auction, but she was behind eighteen men. A study published by Ken Bromley Art Supplies in 2020 found that the Mexican painter ranked second among the world’s most searched artists on Google (first in 29 countries) behind Leonardo DeVinci.
Diego and you (1949) is one of the most important paintings of Frida Kahlo that does not belong to a museum. At November 16, 2021 he went to look for $ 34 million at Sotheby’s, 22 times its previous value in 1990. Although this was a very impressive result for the Mexican artist, Frida Kahlo still not in competition with Andy warhol, whose signature generated $ 165 million to November 2021 prestigious auctions.
Top 10 female artists auctioned at November 2021
World ranking – Artist – Auction turnover
18 – Frida KAHLO (1907-1954): |
$ 34,883,000 |
28 – Agnès MARTIN (1912-2004): |
$ 21,765,500 |
30 – Cecily BROWN (1969-): |
$ 20,706,150 |
32nd – Joan MITCHELL (1926-1992): |
$ 20,053,500 |
41st – Georgia O’KEEFFE (1887-1986): |
$ 14,561,300 |
52nd – Yayoi KUSAMA (1929-): |
$ 9,198,600 |
53rd – Lee BONTECOU (1931-): |
$ 9,176,500 |
58th – Hélène FRANKENTHALER (1928-2011): |
$ 8,177,100 |
59th – Cindy SHERMAN (1954-): |
$ 8,162,100 |
62nd – Tamara DE LEMPICKA (1898-1980): |
$ 7,896,300 |
Over the past decade, women artists under 40 have nonetheless established themselves as the most successful artists of their generation in the auction market. In 2013 – 2014, collectors fell in love with the work of Tauba Auerbach (1981) represented by the Paula Cooper gallery. This trend was gradually accentuated to the point that the turnover of artists born after 1985 (for November 2021) is strongly dominated by female painters.
Top 10 artists born after 1985 auctioned at November 2021
World ranking – Artist – Auction turnover
1st – Avery SINGER (1987-): |
$ 4,638,900 |
2nd – Toyin Ojih ODUTOLA (1985-): |
$ 2,235,900 |
3rd – Flore YUKHNOVICH (1990 -): |
$ 1,951,100 |
4th – Jadé FADOJUTIMI (1993-): |
$ 1,053,400 |
5th – Christina QUARLES (1985-): |
$ 948,000 |
6th – Jordan CASTEEL (1989-): |
$ 806,500 |
7th – Issy BOIS (1993-): |
$ 768,750 |
8th – Allison ZUCKERMAN (1990-): |
$ 636,600 |
9th – Ismail ISSHAQ (1989-): |
$ 589,300 |
10th – Oscar MURILLO (1986-): |
$ 432,900 |
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