Source: http://artmarket.com
Artprice: Contemporary Art Market Annual Report: + 1,370% in 16 years, generating an average annual return of 5.6%
'On the whole, the Contemporary art market is substantially profitable over the medium and long terms. Despite several adjustments and corrections, our price index shows that the segment has retained the vitality it acquired in the early 2000s. Its 1,370% turnover growth in 16 years reflects an extremely dynamic market.'
More about Jeff Koons:
'He made banality blue chip, pornography avant-garde, and tchotchkes into trophy art. How Jeff Koons, with the support of a small circle of dealers and collectors, masterminded his fame and fortune. '
Source: http://www.artnews.com/2005/05/01/the-selling-of-jeff-koons/
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