Art Market Overview: Adrian Ghenie Rocks the Salerooms

Le 13 septembre 2021, par Vanessa Schmitz-Grucker

Ten years after his first work was sold at auction, Romanian artist Adrian Ghenie (1977) is rising to the top of the contemporary art market.

Duchamp's Funeral (2009), purchased for $1.6 M in October 2014.

Things are looking up for Adrian Ghenie, who earned $24 million at auction in just six months this year, placing him 51st in Artprice’s 2021 provisional rankings. In the first half of this year, 17 of his 19 works found buyers. Mr. Ghenie seems to have admirers in Hong Kong, where 85% of his works were sold in 2021. They can offer an annual return on investment of up to 32%: Duchamp's Funeral (2009), purchased for $1.6 million in October 2014, fetched three-and-a-half times that amount less than five years later ($5.7 million).

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