PARIS, Nov. 22, 2019 /PRNewswire/ — Pablo Picasso was 56 when he painted Guernica in 1937, and some say it was the pinnacle of his career… with his best works already behind him. It was sometimes suggested that during his 35 remaining active years, Picasso – the most imaginative of the artists of the 20th century – never reached the same level of creativity. It’s just one opinion of course… but when his painting Women of Algiers (Version ‘O’) dated 1955 sold for the record price of $179 million in May 2015, that sort of thinking appeared to no longer hold sway on the art market.

Some artists have very long careers and our fascination with their early work can sometimes act as a block to our appreciation of their later work. Often the market only really begins to acknowledge later works when earlier works start becoming rare on the auction market.

As thierry Ehrmann, founder/CEO of Artmarket.com, put its: “artists generally tend to live much longer these days. By the time celebrated artists reach the age of 99, they often enjoy considerable prestige and celebrity, generating an aura on which museums, galleries and nowadays, even auction houses, have learnt how to capitalise.”

We have identified five major artists, all of whom have reached the age of 99 or beyond, and all of whom are still at the forefront of art market news.

Pierre Soulages (born 1919) – 2019 auction turnover: $25.4 million

On the eve of his 40th birthday, Pierre Soulages painted Peinture 186 x 143 cm, 23 décembre 1959. In November 2018, that painting fetched his auction record of $10.6 million suggesting the market considers it his best work to date.

His other auction results also suggest that the period 1955-1965 corresponds to the ‘peak’ of his career. However, he never stopped painting and he pursued research into “outrenoir” (beyond black) for many years. Galerie Perrotin’s branch in Shanghai is currently showing his most recent paintings (2017 and 2018) until next 28 December. Back in France, the world’s largest museum, the Louvre, will soon be offering him the best gift an artist can receive: an exhibition in the famous Square Salon, as of 11 December 2019.

https://www.perrotin.com/exhibitions/pierre_soulages/7200
www.louvre.fr/expositions/soulages-au-louvre

Wayne Thiebaud (born 1920) – 2019 auction turnover: $15.2 million

In New York, the Acquavella Gallery is currently retracing the evolution of Wayne Thiebaud’s painting over the last 54 years, with a solo show entitled Mountains 1965-2019, until 13 December.

A forerunner of the Pop Art movement in America, Wayne Thiebaud has also attracted recent secondary market interest with a spectacular result on 14 November 2019 for his painting Encased Cakes (2011), which fetched no less than $8.5 million at Sotheby’s New York. This resounding success – for a work created when he was 91 – proves that collectors do not always shy away from ‘later works’.

www.acquavellagalleries.com/exhibitions/wayne-thiebaud-mountains-1965-2019

Carmen Herrera (1915) – 2019 auction turnover: $3.8 million

With a new auction record every year for the last four years, the market for the work of the abstract painter of Cuban origin, Carmen Herrera, is extremely buoyant. In March 2019, her Blanco Y Verde (1966/67) sold for $2.9 million at Sotheby’s New York.

At over a hundred years old, Carmen Herrera is still painting. In 2016 she joined the powerful Lisson Gallery and had shows in prestigious venues like the Whitney Museum.

www.artprice.com/artist/340048/carmen-herrera/painting/17990661/blanco-y-verde

Sun Qifeng (born 1920) – 2019 auction turnover: $1.9 million

Sun Qifeng’s market is extremely dynamic with an average of over 100 works exchanged every year in Chinese auction houses. He is one of the great masters of traditional Chinese painting and is still active. He is also Director of the Chinese Artists Association and Chinese Calligraphers Association, a professor at the Tianjin Academy of Fine Arts and a committee member of the Beijing Research Institute of Chinese Painting.

In June 2019, two of his drawings appeared for the first time in an American auction. Fetching $10,000 and $11,875 at Christie’s, the two small works were from the family collection of Yale University journalist and professor Howard H.S. Chao, to whom Sun Qifeng had dedicated the two drawings.

www.artprice.com/artist/51270/qifeng-sun

Toko Shinoda (born 1913) – 2019 auction turnover: $335,000

A key figure in Japanese abstraction, Toko Shinoda crossed the paths of some of the greatest American painters of the post-war period without ever turning her back on the traditions of her country. Although she briefly tried painting with oils and acrylics, she never gave up working with India ink.

Her works remained very affordable for a long time, but have been rapidly gaining value over the past decade, as the last three auction results for her Cherishing (1977) in Tokyo show:

– $10,600 on 25 April 2008 at Mallet Japan

– $23,950 on14 July 2016 at Mallet Japan

– $36,200 on 20 January 2018 at Mainichi Auction

www.artprice.com/artist/66146/toko-shinoda/index

Copyright 1987-2019 thierry Ehrmann www.artprice.com – www.artmarket.com

About Artmarket:

Artmarket.com is listed on Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Discover Artmarket and its Artprice department on video: https://en.artprice.com/video

Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur, created in 1987.

See certified biography in Who’s who ©: https://imgpublic.artprice.com/img/wp/sites/11/2019/10/biographie_oct2019_WhosWho_thierryEhrmann.pdf

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 in databanks containing over 30 million indices and auction results, covering more than 700,000 artists.

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 6300 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 4.5 million ‘members log in’ 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 been awarded the State label “Innovative Company” by the Public Investment Bank (BPI) (for the second time in November 2018 for a new period of 3 years) which is supporting the company in its project to consolidate its position as a global player in the market art.

Artprice by Artmarket’s 2018 Global Art Market Report published in March 2019: https://fr.artprice.com/artprice-reports/le-marche-de-lart-en-2018

Index of press releases posted by Artmarket with its Artprice department:
http://serveur.serveur.com/press_release/pressreleasefr.htm

Follow all the Art Market news in real time with Artmarket and its Artprice department on Facebook and Twitter:
https://www.facebook.com/artpricedotcom  (4.5 million followers)
https://twitter.com/artmarketdotcom
https://twitter.com/artpricedotcom 

Discover the alchemy and universe of Artmarket and its artprice department http: //web.artprice.com/video headquartered at the famous Organe Contemporary Art Museum “The Abode of Chaos” (dixit The New York Times): https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
L’Obs – The Museum of the Future: https://youtu.be/29LXBPJrs-o
https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 
(4 million followers)
https://vimeo.com/124643720
https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999

Contact Artmarket.com and its Artprice department
Thierry Ehrmann, ir@artprice.com