Sales of art by women reach new high, but gender parity still a challenge

  • Sales of art by women reached a new high of US$825.8 million last year
  • Women artists represented 13.8% of all sales at top auction houses
  • Average price for a work of art by a woman fell to 37% of works by men
  • Ultra-contemporary women artists accounted for nearly 70% of sales in their category
  • Post-war women artists saw a 29% increase in auction sales
  • Bourgeois and Martin achieved record sales for female artists

Sales of art by women reached a new high of US$825.8 million last year, representing 13.8% of all sales at top auction houses. The average price for a work of art by a woman fell to 37% of works by men, showing a significant decrease from the previous year. Ultra-contemporary women artists accounted for nearly 70% of sales in their category, with prices higher than their male counterparts. Post-war women artists also saw a 29% increase in auction sales, with average prices surpassing those of men. Notable record sales were achieved by Bourgeois and Martin. While progress is being made, gender parity in the art market remains a challenge.

Factuality Level: 8
Factuality Justification: The article provides detailed information about the sales of art by women, including statistics and analysis from ArtTactic. The information is supported by data and quotes from experts in the field. There are no obvious signs of bias or sensationalism, and the article presents a balanced view of the art market regarding gender disparities.
Noise Level: 3
Noise Justification: The article provides detailed information on the sales of art by women, including statistics, trends, and analysis from ArtTactic. It stays on topic and supports its claims with data and examples. The article also explores the implications of the findings on gender parity in the art market. However, some repetitive information could be condensed to reduce noise.
Financial Relevance: No
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article does not pertain to financial topics or describe any extreme events.
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Key People: Lyndsay Dewar (Head of Analytics)

Reported publicly: www.marketwatch.com