PARIS, Jan. 16,
2025 /PRNewswire/ -- As the world begins to take
stock of the unprecedented volume of art destroyed in the fires
that are ravaging Los Angeles, Artprice by Artmarket.com and
its CEO/founder thierry Ehrmann wish to express their sympathy and
solidarity with all those affected by this major catastrophe.
The damage caused by the fires that have raged for many days
goes way beyond the material, and while we all naturally regret the
loss of life and the destruction of whole neighborhoods, as art
market professionals, we are shocked by the news of the scale of
cultural and patrimonial destruction that has also occurred, and is
ongoing.
Indeed, as we write, millions of artworks have either gone up in
smoke or are at risk of doing so. Hundreds of contemporary artists
have lost their entire life's work as their studios have been burnt
to the ground and many first-rate historical art collections have
been completely decimated, leaving a very substantial hole in our
collective global heritage.
Christopher Wise, vice-president
of Risk Strategies, told ARTnews : "tons of art has been
destroyed. In value terms we are talking many billions of
dollars".
As art world professionals, collectors, and insurance companies
try to evaluate losses directly resulting from the wildfires in
California, Artprice by Artmarket
has recently been handling numerous searches and valuation
requests. As World Leader in Art Market Information, Artprice by
Artmarket holds and offers the most comprehensive data available,
and is therefore not surprised to see a +450% increase in traffic
to our website.
When it comes to getting the true price of Art, access to data
from 861,000 artists and nearly 30 million sales results and
Artprice indices, with the contribution of the proprietary AI
Intuitive Artmarket®️ now deployed in Premium mode, makes it
possible to speed up procedures with insurance companies with the
certainty of the price of the work destroyed in the tragedy of the
Los Angeles fires.
As the news emerges, we are both shocked and saddened to
discover one of the biggest cultural losses that humanity has ever
suffered, comparable to very few other historical events, such as
the burning of the Library of Alexandria. Countless unique works will now
only exist through photos that were taken for art history books and
databases, including those of Artprice.
"Our mission since 1987, beyond analyzing, producing and
providing in complete transparency the prices of the Art Market, is
to map the circulation of works across the centuries and on five
continents." says thierry Ehrmann, president of
Artmarket.com and founder of Artprice. "We are unfortunately
witnessing a truly historic disaster and we wish to express our
sympathy and support for all those affected by these fires and
particularly for the artists and collectors who are today losing
their – and in many cases, some of humanity's – most precious
possessions.
"Artprice takes this opportunity to restate its role as one
of the new guardians of global artistic memory by recording and
tracking all artworks as they pass through auctions all over the
world. We will naturally do everything we can to help those
impacted by very heavy losses and to assist the broader Art Market
in integrating the new reality into its day-to-day activities after
the destruction of so many masterpieces.
We have mobilized our teams and experts to respond to
searches and valuation requests to the best of our abilities. We
are also opening access to our documentary collection of
manuscripts and paper sales catalogs, from 1700 to the present day,
with more than 180 million artworks listed and annotated by our art
historians."
Support is pouring in from around the world to help L.A., where
arts culture is omnipresent. This New York
Times article by Robin
Pogrebin attests to the outpouring of generosity that is
being organized:
https://www.nytimes.com/2025/01/15/arts/design/california-fires-la-artists.html
Major museums like the Getty and the Los Angeles County Museum
of Art, along with philanthropists like Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani of Qatar and foundations like Steven Spielberg's, have raised $12 million for a fund to support the artists
affected by the California
wildfires.
Among the organizations that have chipped in are the filmmaker
George Lucas's Hobson/Lucas Family
Foundation; Spielberg's and Kate
Capshaw's Hearthland Foundation; the Robert Rauschenberg
Foundation and the A&L Berg Foundation.
Two of the world's largest galleries have contributed: Gagosian
and Hauser & Wirth.
Copyright 1987-2025 thierry Ehrmann www.artprice.com -
www.artmarket.com
Artprice's econometrics department can answer all your questions
relating to personalized statistics and analyses:
econometrics@artprice.com
Find out more about our services with the artist in a free
demonstration: https://artprice.com/demo
Our services: https://artprice.com/subscription
About Artmarket.com:
Artmarket.com is listed on Eurolist by Euronext Paris. The
latest TPI analysis includes more than 18,000 individual
shareholders excluding foreign shareholders, companies, banks,
FCPs, UCITS: Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF.
Watch a video about Artmarket.com and its Artprice
department: https://artprice.com/video
Artmarket and its Artprice department were founded in 1997 by
thierry Ehrmann, the company's CEO. They are controlled by
Groupe Serveur (created in 1987). cf. the certified biography from
Who's Who In France©:
https://imgpublic.artprice.com/img/wp/sites/11/2024/02/2024_Biographie_thierry_Ehrmann_WhosWhoInFrance.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 (the original documentary archives, codex
manuscripts, annotated books and auction catalogs acquired over the
years) in databanks containing over 30 million indices and auction
results, covering more than 861,100 artists.
Artprice Images® allows unlimited access to the largest art
market image bank in the world with no less than 181 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, constantly enriches its
databases from 7,200 auction houses and continuously publishes art
market trends for the main agencies and press titles in the world
in 119 countries and 9 languages.
https://www.prnewswire.com/news-releases/artmarketcom-artprice-and-cision-extend-their-alliance-to-119-countries-to-become-the-worlds-leading-press-agency-dedicated-to-the-art-market-nfts-and-the-metaverse-301431845.html
Artmarket.com makes available to its 9.3 million members
(members log in) the advertisements posted by its Members,
who now constitute the first global Standardized Marketplace®
for buying and selling artworks at fixed or auction prices
(auctions regulated by paragraphs 2 and 3 of Article L321.3 of
France's Commercial
Code).
There is now a future for the Art Market with Artprice's
Intuitive Artmarket® AI.
Artmarket, with its Artprice department, has twice been awarded
the State label "Innovative Company" by the French Public
Investment Bank (BPI), which has supported the company in its
project to consolidate its position as a global player in the art
market.
Artprice by Artmarket publishes its 2024 Contemporary Art
Market Report:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2024
See our 2023 Global Art Market Annual Report, published in
March 2024 by Artprice by Artmarket:
https://www.artprice.com/artprice-reports/the-art-market-in-2023
Summary of Artmarket press releases with its Artprice
department:
https://serveur.serveur.com/artmarket/press-release/en/
Follow all the Art Market news in real-time with Artmarket and
its Artprice department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (more than 6.5 million
subscribers)
twitter.com/artmarketdotcom
twitter.com/artpricedotcom
Discover the alchemy and the universe of Artmarket and its
Artprice department: https://www.artprice.com/video
whose head office is the famous Museum of Contemporary Art Abode
of Chaos dixit The New York Times / La
Demeure of Chaos:
https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
La Demeure du Chaos/Abode of Chaos – Total Work of Art and
Singular Architecture.
Confidential bilingual work, now made public:
https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
- L'Obs - The Museum of the Future:
https://youtu.be/29LXBPJrs-o
- https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999
(more than 4.1 million subscribers)
- https://vimeo.com/124643720
Contact Artmarket.com and its Artprice department - Contact:
Thierry Ehrmann,
ir@artmarket.com
Photo -
https://mma.prnewswire.com/media/2600015/Artmarket_1.jpg
Photo
- https://mma.prnewswire.com/media/2600016/Artmarket_2.jpg
Logo
- https://mma.prnewswire.com/media/2600017/Artmarket_logo.jpg
View original content to download
multimedia:https://www.prnewswire.com/news-releases/artmarketcom-wildfires-in-greater-los-angeles-artprice-deplores-an-inestimable-loss-for-the-worlds-artistic-heritage-302353258.html
SOURCE Artmarket.com
