Tough Year for Takashi Murakami as Auction Revenue Plunges
Takashi Murakami, a fervent self-marketer as well as artist, sustained a decline in total auction revenue from $8 million for the July 2008 – June 2009 period to $3.4 million for the 12 months running from July 2009 – June 2010. ArtPrice reports that only 223 of his pieces were brought to auction during the year ending in June 2010, and only nine brought in more than €100,000. None hit the seven-figure mark.
Though the cash isn't rolling in, ArtPrice notes that Murakami "is back in the limelight thanks to his theatrical exhibition in the Château de Versailles which runs until 12 December 2010."
[photo by achimh via Flickr]