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Art Market Overview: Simon Hantaï and the Abstraction Market

Publié le , par Vanessa Schmitz-Grucker

On the occasion of the major retrospective celebrating Simon Hantaï's 100th birthday at the Fondation Louis Vuitton, Artprice takes note of a considerable upturn in the market for abstract artists.

  Art Market Overview: Simon Hantaï and the Abstraction Market
 

While American artists like Willem de Kooning, Robert Motherwell and Helen Frankenthaler are up in front, with records set in 2019 at $69 M, $12.7 M and $3 M, the trend is now embracing European abstract artists, particularly Hantaï. His 2019-2020 Paris exhibition at Gagosian focused on pieces from 1969 to 1997, with prices ranging from €200,000 to €1 M. On the market, the most sought-after works—those from the "Mariales" and "Blancs" series—are garnering well over $1 M. In December 2016, Sotheby's Paris sold MA4 (Mariale) (1960) for €4.7 M: eight times the price paid at Christie's in 2005. In December 2016, Sotheby's Paris sold MA4 (Mariale) (1960) for €4.7

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