New York is the “undisputed artist-run center” of the next generation, with 40 of the top 100 artists aged 45 and under living and working in the city, according to a report released this month by ArtTactic, a London based art market research. ..
Additionally, 49 of the Top 100 artists are represented by New York-based galleries, according to the report, Top 100 NextGen Artists in 2021.
The ranking is based on the artists’ total auctions in 2020 and their “cultural rank”, which reflects their sales in the main market via galleries and the interest in these artists by museums and other institutions.
The top five on the list were American artists. Leading the pack was Dana Schutz, who has lived and worked in Brooklyn since completing her Master of Fine Arts (MFA) at Columbia University in 2002. Schutz’s work is part of the permanent collections of New York museums such as the Solomon R. Guggenheim Museum, the Metropolitan Museum of Art, the Museum of Modern Art, and the Whitney Museum.
Rashid Johnson, Avery Singer, Jonas Wood and Kehinde Wiley round out the top five.
Overall, the Top 100 Next Generation Artists includes 70 men and 30 women; 46 come from North America, 25 from Asia and the Pacific and 15 from Europe. The main medium in which they work is painting, 78 focusing on this.
Together, their total auction sales reached US $ 515 million from 2015 to January 2021, increasing 185.5% during that period.
A college education played an important role in the careers of the Top 100 Artists, although seven of those on the list were self-taught, with no art degree.
According to the report, more women tend to obtain higher degrees, with 73.3% of female artists obtaining a master’s degree in fine arts compared to 45.7% of men.