The Art Market Surge of 2021 and What Lies Ahead for 2022
Date: January 24th, 2022
Time: 6:30-8:00 PM ET
2021 has been marked by a strong rebound in the art market from the pandemic low of 2020. The Wall Street Journal has called art “among the hottest markets on earth.” Indeed, on the public side of the art market, two of the world’s largest auction houses reported record revenues in their histories.
Will the same trend continue in 2022? What is behind this pent-up demand across multiple categories and price points for fine art, NFTs, design, and collectibles? How do factors like the strong performance of the financial markets, high inflation, crypto millionaires, and the generational shift in taste affect the art market? How do auction houses convince sellers to put even more items for sale? What is the competition from regional and specialized auctions?
Time: 6:30-8:00 PM ET
2021 has been marked by a strong rebound in the art market from the pandemic low of 2020. The Wall Street Journal has called art “among the hottest markets on earth.” Indeed, on the public side of the art market, two of the world’s largest auction houses reported record revenues in their histories.
Will the same trend continue in 2022? What is behind this pent-up demand across multiple categories and price points for fine art, NFTs, design, and collectibles? How do factors like the strong performance of the financial markets, high inflation, crypto millionaires, and the generational shift in taste affect the art market? How do auction houses convince sellers to put even more items for sale? What is the competition from regional and specialized auctions?
Panelists
- Christine Bourron, CEO and Founder of Pi-eX Ltd
- Jeremiah Evarts, Deputy Chairman of Phillips Auction House
- Viktoria Prigarina, Founder of ArtCrossing.io and Art Market Symposia
- Maria Sancho-Arroyo, Sotheby’s Institute of Art
ACCESS: You will receive the Zoom link 24 hours in advance of the session. If you register day of, you will receive the link about 30 minutes before the event start. If you do not receive your link, please email info@artcrossing.io
- Christine BourronChristine Bourron is the CEO and founder of Pi‐eX, a London based independent research company focusing on providing transparent data analysis and monthly reports highlighting the latest trends in the public auction market. Pi‐eX’s 12‐month rolling Auction Market Index (AMI) helps art collectors and investors optimize their investments by better understanding and managing risk and volatility in the fine art and luxury markets.
In 1998, Christine founded PaintingsDIRECT.com. Based in New York, the company represented more than 500 contemporary artists and was one of the first galleriesto offer art online. Christine also worked for Corporate Decisions Inc., a strategy consulting firm in Boston, US, Apple Computer in Kiev, Ukraine, and Procter & Gamble in Paris, France.
Christine has a dual MBA/MA degree from the Wharton School and The Lauder Institute, School of Arts and Sciences. She attained her Bachelor of Arts degree with a specialization in Finance from ESCP, Paris.
Christine has been a member of PAIAM (Professional Advisors to the International Art Market) since 2017 and a Board member since 2019. She is often quoted in the press (The Financial Times, New York Times, The Art Newspaper, Artnews, The Art Market Monitor, Artnet, Artprice) and has recently published a peer‐reviewed article on the impact of the pandemic on the public auction market with a comparison of the Covid‐19 crisis versus the financial crisis and the 2016 crisis ( https://www.mdpi.com/2076‐0752/10/4/74). - Viktoria PrigarinaViktoria Prigarina is the Founder of ArtCrossing.io and a member of the Columbia Business School Alumni Club Board of Directors.
She started her finance career at Morgan Stanley, followed by options trading and structuring at Barclays Capital and Deutsche Bank.
Viktoria has also lived and worked in Brazil where she launched a capital raising platform and was the head of marketing and investor relations for what is now a $15 billion hedge fund—SPX Capital and has served as a Member of the Investment Committee.
She holds a Master’s degree in Mathematics of Finance from Columbia University and a B.B.A. with concentrations in finance and comparative literature and minor in Latin American Studies from Baruch College.
Viktoria has been passionate about the arts throughout her life, has pioneered the Art Market Symposia for CBSAC and founded ArtCrossing.io—a forum where art market professionals, collectors, and art enthusiasts come together to discuss the most pertinent topics in today’s art market. - Jeremiah EvartsA recognized expert in Modern and Post-War art, Mr. Evarts was recently appointed Deputy Chairman in the Twentieth Century and Contemporary Art Department at Phillips Auction House. Prior to that, he was Director of Di Donna Galleries, LLC in New York, advising a select group of top collectors active in the fields of European Modern and Post-War and American Post-War art. Mr. Evarts was a key contributor to their critically-acclaimed exhibitions Moondancers: Yup’ik Masks and the Surrealists (2018), The Life of Forms (2018), and Surrealism in Mexico (2019). He also arranged and oversaw the gallery’s 2018 exhibition A Passion for Collecting: Modern Works from the Pérez-Simón Collection.
Before his gallery directorship, Mr. Evarts spent fourteen years in the Impressionist and Modern Art Department at Sotheby’s in New York, concluding his career there as Senior Vice President, Head of Evening Sales. In this capacity, he oversaw marquee sales in New York and played pivotal roles in the sales of legendary collections at the auction house, including the collection of Bunny Mellon, Impressionist masterworks from the collection of Ralph C. Wilson, and the Finn Family Collection of Modernist sculpture. Under his leadership, the Evening Sale team achieved numerous auction records for artists that still stand today ranging from Auguste Rodin ($20.4 million) and Camille Pissarro ($32.1 million) to Marc Chagall ($28.5 million) and the record for a late work by Pablo Picasso ($40 million). - Maria Sancho-ArroyoMaria is an art market professional with over 30 years’ experience in the art world. She started her career in museums – National Museum of Catalan Art, MNAC, in Barcelona and at the Louvre in Paris- then moved to Sotheby’s Auction House in London. During her time at Sotheby’s, she gained experience in all aspects of the auction world with a focus on business and client development. She has participated in numerous auctions and worked closely with Sotheby’s European offices and other market operators.
Maria is currently adjunct faculty at the Sotheby’s Institute in NYC where she teaches art
market topics for the MA in Art Business and is also faculty in the Global Online section,
specializing in International Art Markets and the Auction Business.
She has lectured on art market trends at Georgetown University (DC), Tsinghua university
(Beijing) and other institutions. Maria is fluent in Spanish, Italian, French and English and is regular contributor to the “Giornale dell’Arte”, the Italian edition of the Art newspaper. She is involved with art charitable organizations and is the co-chair of ArtTable DC chapter since June 2019.
Education:
M.A. Museum Management, L’INSTITUT NATIONALE DU PATRIMOINE, I.N.P., Paris, France
M.S. Chemistry, Scientific study of paintings, UNIVERSIDAD DE ZARAGOZA, Zaragoza, Spain
Art History, ECOLE DU LOUVRE, Paris, France
Partners & Sponsors
