Making Millions In The Art Market

The Profitable Art Market
Have a few million dollars to spend? Want to see it experience 21% annual growth? How about 900% growth over a ten- year period? Try the art market.According to ArtPrice.com, pieces from the 15 highest-selling artists have totaled $527,556,988 thus far in 2009. Works by those artists have posted average annual growth of 151.47% since 1999. The S&P 500 is down 23.5% during that time. The best selling artists are listed here by absolute value of 2009 auction sales, but pay close attention to how t
Art sale prices include buyers premium at auction

Have a few million dollars to spend? Want to see it experience 21% annual growth? How about 900% growth over a ten- year period? Try the art market.

According to ArtPrice.com, pieces from the 15 highest-selling artists have totaled $527,556,988 thus far in 2009. Works by those artists have posted average annual growth of 151.47% since 1999. The S&P 500 is down 23.5% during that time.

The best selling artists are listed here by absolute value of 2009 auction sales, but pay close attention to how these works appreciate over time… some of the returns may surprise you. Click ahead to find out!

By Paul Toscano
Posted 31 Aug 2009

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15. Jeff Koons (1955 - )
2009 Sales: $18,678,5902009 Price Growth: -7.13%Ten-Year Price Growth: -25.83 %Avg. Annual Price Growth: -2.51 %Pictured: Baroque Egg with Bow (1994)Sold for: $5,458,500
Photo Courtesy: Sotheby's Auctions

2009 Sales: $18,678,590

2009 Price Growth: -7.13%
Ten-Year Price Growth: -25.83 %
Avg. Annual Price Growth: -2.51 %

Pictured: Baroque Egg with Bow (1994)
Sold for: $5,458,500

»More about Jeff Koons

14. Marc Chagall (1887-1985)
2009 Auction Sales: $19,122,4652009 Price Growth: -36.62%Ten-Year Price Growth: +44.53%Avg. Annual Price Growth: +3.18%Pictured: (1978)Sold for: $3,666,500
Photo Courtesy: Christie's Images LTD. 2009

2009 Auction Sales: $19,122,465

2009 Price Growth: -36.62%
Ten-Year Price Growth: +44.53%
Avg. Annual Price Growth: +3.18%

Pictured: L’evenement (1978)
Sold for: $3,666,500

»More about Marc Chagall

13. Alexander Calder (1898-1976)
2009 Auction Sales: $20,101,322009 Price Growth: -4.05%10-Year Price Growth: +278.97Avg. Annual Price Growth: 12.01%Pictured: (1934)Sold for: 2,617,250 GBP
Photo Courtesy: Sotheby's Auctions

2009 Auction Sales: $20,101,32

2009 Price Growth: -4.05%
10-Year Price Growth: +278.97
Avg. Annual Price Growth: 12.01%

Pictured: A Cinq morceaux de bois (1934)
Sold for: 2,617,250 GBP

»More about Alexander Calder

12. Giorgio de Chirico (1888-1978)
2009 Auction Sales: $20,941,8352009 Price Growth: +0.71%10-Year Price Growth: +144.86%Avg. Annual Price Growth: +7.92%Pictured: Il Ritornante (1918)Sold for: $14,285,950
Photo Courtesy: Christie's Images LTD. 2009

2009 Auction Sales: $20,941,835

2009 Price Growth: +0.71%
10-Year Price Growth: +144.86%
Avg. Annual Price Growth: +7.92%

Pictured: Il Ritornante (1918)
Sold for: $14,285,950

»More about Giorgio de Chirico

11. Alberto Giacometti (1888-1978)
2009 Auction Sales: $21,573,3832009 Price Growth: -0.3% 10-Year Price Growth: +426.65%Avg. Annual Price Growth: +15.19%Pictured: Sold for: $7,698,500
Photo Courtesy: Christie's Images LTD. 2009

2009 Auction Sales: $21,573,383

2009 Price Growth: -0.3%
10-Year Price Growth: +426.65%
Avg. Annual Price Growth: +15.19%

Pictured: Buste de Diego (Stele III)
Sold for: $7,698,500

»More about Alberto Giacometti

10. Tamara de Lempicka (1898-1980)
2009 Auction Sales: $22,638,1242009 Price Growth: +61.25%10-Year Price Growth: +899.36%Avg. Annual Price Growth: +21.64%Pictured: Portrait de Madame M. Sold for: $6,130,500
Photo Courtesy: Christie's Images LTD. 2009

2009 Auction Sales: $22,638,124

2009 Price Growth: +61.25%
10-Year Price Growth: +899.36%
Avg. Annual Price Growth: +21.64%

Pictured: Portrait de Madame M.
Sold for: $6,130,500

»More about Tamara de Lempicka

9. Edgar Degas (1834-1917)
2009 Auction Sales: $25,847,4802009 Price Growth: -11.13%10-Year Price Growth: +94.12%Avg. Annual Price Growth: +5.81%Pictured: Sold for: 13,257,250 GBP
Photo Courtesy: Sotheby's Auctions

2009 Auction Sales: $25,847,480

2009 Price Growth: -11.13%
10-Year Price Growth: +94.12%
Avg. Annual Price Growth: +5.81%

Pictured: Petite Daneuse de Quatorze ans
Sold for: 13,257,250 GBP

»More about Edgar Degas

8. Joan Miro (1893-1983)
2009 Auction Sales: $28,664,3522009 Price Growth: -14.82%10-Year Price Growth: +197.08%Avg. Annual Price Growth: +9.71Pictured: Sold for: 3,961,250 GBP
Photo Courtesy: Christie's Images LTD. 2009

2009 Auction Sales: $28,664,352

2009 Price Growth: -14.82%
10-Year Price Growth: +197.08%
Avg. Annual Price Growth: +9.71

Pictured: Peinture (Femme se poudrant)
Sold for: 3,961,250 GBP

»More about Joan Miro

7. Claude Monet (1840-1926)
2009 Auction Sales: $32,678,3802009 Price Growth: +4.99%10-Year Price Growth: +212.3%Avg. Annual Price Growth: 10.18%Pictured: (1878)Sold for: $10,284,284
Photo Courtesy: Christie's Images LTD. 2009

2009 Auction Sales: $32,678,380

2009 Price Growth: +4.99%
10-Year Price Growth: +212.3%
Avg. Annual Price Growth: 10.18%

Pictured: Au Parc Monceau (1878)
Sold for: $10,284,284

»More about Claude Monet

6. Constantin Brancusi (1876-1957)
2009 Auction Sales: $37,762,4722009 Price Growth: N/A10-Year Price Growth: N/AAvg. Annual Price Growth: N/APictured: (1914-17)Sold for: $37,762,472
Photo Courtesy: Christie's Images LTD. 2009

2009 Auction Sales: $37,762,472

2009 Price Growth: N/A
10-Year Price Growth: N/A
Avg. Annual Price Growth: N/A

Pictured: Portrait de Mme L.R. (1914-17)
Sold for: $37,762,472

»More about Constantin Brancusi

5. Andy Warhol (1928-1987)
2009 Auction Sales: $40,809,5882009 Price Growth: -20.24%10-Year Price Growth: +227.34%Avg. Annual Price Growth: +10.62%Pictured: Sold for: 3,737,250 GBP
Photo Courtesy: Sotheby's Auctions

2009 Auction Sales: $40,809,588

2009 Price Growth: -20.24%
10-Year Price Growth: +227.34%
Avg. Annual Price Growth: +10.62%

Pictured: Mrs. McCarthy & Mrs. Brown (Tunafish Disaster)
Sold for: 3,737,250 GBP

»More about Andy Warhol

4. Fernand Leger (1881-1955)
2009 Auction Sales: $41,053,7642009 Price Growth: -6.62%10-Year Price Growth: +270.46%Avg. Annual Price Growth: +11.79%Pictured: La tasse de thé (1921)Sold for: $14,865,617
Photo Courtesy: Christie's Images LTD. 2009

2009 Auction Sales: $41,053,764

2009 Price Growth: -6.62%
10-Year Price Growth: +270.46%
Avg. Annual Price Growth: +11.79%

Pictured: La tasse de thé (1921)
Sold for: $14,865,617

»More about Fernand Leger

3. Piet Mondriaan (1872-1944)
2009 Auction Sales: $57,943,1062009 Price Growth: N/A10-Year Price Growth: N/AAvg. Annual Price Growth: N/APictured: (1922)Sold for: $27,908,129
Photo Courtesy: Christie's Images LTD. 2009

2009 Auction Sales: $57,943,106

2009 Price Growth: N/A
10-Year Price Growth: N/A
Avg. Annual Price Growth: N/A

Pictured: Composition avec bleu, rouge, jaune et noir (1922)
Sold for: $27,908,129

»More about Piet Mondriaan

2. Henri Matisse (1869-1954)
2009 Auction Sales: $65,095,0702009 Price Growth: +0.25%10-Year Price Growth: +101.39%Avg. Annual Price Growth:+4.94%Pictured: (1911)Sold for: $46,457,480
Photo Courtesy: Christie's Images LTD. 2009

2009 Auction Sales: $65,095,070

2009 Price Growth: +0.25%
10-Year Price Growth: +101.39%
Avg. Annual Price Growth:+4.94%

Pictured: Les coucous, tapis bleu et rose (1911)
Sold for: $46,457,480

»More about Henri Matisse

1. Pablo Picasso (1881-1973)
2009 Auction Sales: $79,002,9172009 Price Growth: -4.21%10-Year Price Growth: +76.31%Avg. Annual Price Growth: +4.94%Pictured: (1968)Sold for: $14,642,500
Photo Courtesy: Christie's Images LTD. 2009

2009 Auction Sales: $79,002,917

2009 Price Growth: -4.21%
10-Year Price Growth: +76.31%
Avg. Annual Price Growth: +4.94%

Pictured: Mousquetaire à la pipe (1968)
Sold for: $14,642,500

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