Paris, January 16, 2025 /PRNewswire/ — Faced with the unprecedented destruction of works of Art in the fires ravaging Los Angeles County, Artprice by Artmarket.com and its founding President Thierry Ehrmann deplore an immense loss for the art world.
The fires that have been raging for several days are endangering many human lives, while destroying the memories and efforts of entire lives. Millions of works of art are going up in smoke at this very moment, with the complete destruction of contemporary artists’ studios as well as first-rate historical collections, taking away forever a part of the universal heritage:
Christopher Wise, Vice President of Risk Strategies, told ARTnews: “Huge amounts of art are currently being destroyed. Billions and billions of dollar works of art. »
In recent days, this battered art world and insurance firms have naturally turned to Artprice by Artmarket which, as the world leader in information on the Art Market, offers the most exhaustive database . In fact, site traffic has increased by +450% in recent days.
When it comes to obtaining the true price of Art, access to the data of 861,000 artists and nearly 30 million sales results and indices from Artprice, with the contribution of AI owner Intuitive Artmarket® now deployed in Premium mode, allows you to speed up insurance procedures with certainty of the price of the work destroyed in the tragedy of the Los Angeles fires.
This loss is one of the greatest that humanity has ever known, comparable to few, if not any, other events. Only perhaps the fire of the Library of Alexandria. Countless unique works will now only exist through the images that were taken of them, surviving thanks to art history books as well as databases, including those of Artprice.
“Indeed, our mission since 1987, beyond analyzing, producing and disseminating Art Market prices in complete transparency, is to map the circulation of works through the centuries and on the five continents. Our company Artprice feels deep emotion at the irreversible loss of all these works” declares Thierry Ehrmann, President of Artmarket.com and Founder of Artprice.
“We are helplessly witnessing a historic catastrophe and can only express our support for the victims of these fires. Particularly to artists and collectors who are losing their most precious possessions at this very moment.”
“Today, Artprice wishes to reaffirm its desire to be one of the new guardians of the memory of global artistic creation, by forever recording a trace of the works as they pass through auctions all over the world. We will be there to help assess the terrible losses and understand how the art world and its market will be impacted by the destruction of so many masterpieces.
We continually mobilize our teams and experts to be able to respond to requests and research. We are also opening our documentary collection of manuscripts and paper sales catalogs, from 1700 to the present day, with more than 180 million works of art indexed and annotated by our historians. »
Support is coming from all over the world to revive LA where artistic culture is omnipresent. This New York Times article by Robin Pogrebin attests to the surge of generosity that is taking place:
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, as well as philanthropists like Qatar’s Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani and foundations like Steven Spielberg’s, have raised $12 million for a fund of support for artists affected by the wildfires in California.
Organizations that have contributed include filmmaker George Lucas’s Hobson/Lucas Family Foundation, Steven Spielberg and Kate Capshaw’s Hearthland Foundation, the Robert Rauschenberg Foundation, and A&L Berg Foundation.
Two of the world’s leading galleries contributed: Gagosian and Hauser & Wirth. »
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About Artmarket:
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.
To discover Artmarket.com with its Artprice department in video: https://fr.artprice.com/video
Artmarket and its Artprice department were founded in 1997 by Thierry Ehrmann, its CEO. They are controlled by Groupe Server created in 1987. See certified biography of Who’s Who In France©: https://imgpublic.artprice.com/img/wp/sites/11/2024/02/2024_Biographie_thierry_Ehrmann_WhosWhoInFrance.pdf
Artmarket.com is the global player in the Art Market with, among others, its Artprice department which is the world leader in databases on Art quotations and indices with more than 30 million indices and results. sales covering more than 861,100 Artists.
Artprice Images® allows unlimited access to the largest collection of the Art Market in the world, (the original paper collection, manuscripts, codexes, books and annotated auction catalogs) library made up of 180 million images or engravings of works of Art from 1700 to the present day commented on by its 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 with 119 countries and 9 languages.
https://www.prnewswire.com/news-releases/artmarket-com-artprice-et-cision-etendent-leur-alliance-sur-119-pays-comme-1ere-agence-de-presse-mondiale-dediee-au-marche-de-l-art-aux-nfts-et-aux-metavers-863229527.html
Artmarket.com makes available to its 9.3 million members (members log in), the advertisements posted by its Members, which now constitute the first global Standardized Marketplace® for buying and selling works of Art at competitive prices. fixed or by auction (auctions regulated by paragraphs 2 and 3 of article L321.3 of the Commercial Code).
-There is now a future for the Art Market with Artprice’s Intuitive Artmarket® AI
Artmarket, with its Artprice department, has twice obtained the state label “Innovative Company” awarded by the Public Investment Bank (BPI), and is developing its project as a global player in the Art Market.
Artprice by Artmarket publishes its 2024 Contemporary Art Market Report:
https://fr.artprice.com/artprice-reports/le-marche-de-lart-contemporain-2024
The Annual Report of the Global Art Market 2023 published in March 2024 by Artprice by Artmarket: https://fr.artprice.com/artprice-reports/le-marche-de-lart-en-2023
Artprice by Artmarket.com wins 1st prize in the 2023 Mobility Challenge under the auspices of the Auvergne-Rhône-Alpes region, which rewards its eco-responsible approach
https://challengemobilite.auvergnerhonealpes.fr/page/resultats.html
Summary of Artmarket press releases with its Artprice department:
https://serveur.serveur.com/artmarket/press-release/fr/
Follow all the Art Market news in real time with Artmarket and its Artprice department on Facebook and Twitter:
https://fr-fr.facebook.com/artpricedotcom/ (more than 6.5 million subscribers)
Discover the alchemy and the universe of Artmarket and its Artprice department: https://fr.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:
La Demeure du Chaos / Abode of Chaos – Total Work of Art and Singular Architecture. Confidential bilingual work now public: https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
L’Obs – The Museum of the Future:
https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (more than 4.1 million subscribers)
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Thierry Ehrmann
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