Pi-eX News



  • 28/10/2019: Third Quarter 2019 at Christie’s, Sotheby’s and Phillips reveals some interesting new trends at auctions: Pi-eX issues its report for Q3 2019 showing that combined auction sales at Christie’s, Sotheby’s and Phillips declined 24% YoY from US$688m in 2018 to US$526m in 2019.

  • 23/10/2019: Paris October 2019 FIAC week evening auctions at Christie’s and Sotheby’s: Pi-eX reviews Auction Sales in Paris during FIAC week. Entitled “Avant Garde” at Christie’s and “Modernites” at Sotheby’s, the sales have grown in importance as this year’s results shows.

  • 14/10/2019: Sotheby's Fall Auction Season in Hong Kong was business as usual: Pi-eX reflects on Sotheby's Fall week of Auction Sales in Hong Kong, where the auction house auctioned more than 4,000 lots, and sold 3,400 of them in 20 separate auctions for a value surpassing HK$3.3B (about US$435m).

  • 08/10/2019: London Frieze art Week: Time to reflect on this year's auction sales: After a busy Frieze week in London, Pi-eX looks back at the sales and reviews their performance in light of previous years performances.

  • 01/10/2019: The Art Newspaper publishes an article entitled "The blue chip delusion: why investors should be wary of the brand name lure focusing on whether “brand name artists” can be considered gold-plated assets or “Blue chip”. Pi-eX's CEO, Christine Bourron, shares some insights from Pi-eX's research on the subject.

  • 29/09/2019: London Frieze art Week: A historical Perspective of auctions assembled around the fair by Christie's, Sotheby's and Phillips: Ahead of the 2019 Frieze week, Pi-eX takes a look back at 12 historical years of auction sales around Frieze to better understand what has changed overtime.

  • 24/09/2019: Who can you trust in the art market? was the subject of a panel discussion Pi-eX's CEO, Christine Bourron, participated in - event organized by the Art Innovators Alliance

  • 22/09/2019: After Christie's auction sale in Shanghai, China, on 21st September 2019, Pi-eX's September Shanghai Contemporary MICRO reports compares the 2019 sale with the previous 6 years in Shanghai​.

  • 17/09/2019: Interview of Pi-eX's CEO, Christine Bourron on the theme Does the art world need transparency?

  • 10/09/2019: artnet's Fall 2019 Intelligence Report includes an article entitled "Why the Golden Age of Auction Guarantees Is Probably Over" featuring Pi-eX's research on Auction House Guarantees and Third Party Guarantees.

  • 05/07/2019: Pi-eX Quarterly Report Summary: Q2 2019: Pi-eX's Quarterly MACRO report shows that Second Quarter 2019 revenues at the top three auction houses declined versus revenues in Q2 2018.

  • 30/05/2019: Christie’s Hong Kong Evening Sale: A Decade to Breakout: The Art Market Monitor historical charts of the growth of Christie's Spring Evening sales in Hong Kong, leveraging Pi-eX's research: MICRO Modern & Contemporary Spring Hong Kong Evening Sales Results at Christie's – 2007-2019 Tailored Report.

  • 09/05/2019: Guarantees & Irrevovable Bids: Are the Fine Art Market’s Magic Tools starting to wear out?: How do Lots with an Irrevocable Bid/Third Party Guarantee perform on average at auctions versus Lots without a Guarantee? Pi-eX's latest analysis provides some answers.

  • 08/05/2019: May 2019 New York Contemporary evening Sales at Christie’s, Sotheby’s and Phillips: Ahead of the Contemporary Evening sales at Christie's, Sotheby's and Phillips in New York, Bénédicte Taillandier Thomas reviews Pi-eX's May New York Contemporary MICRO reports and presents key findings by comparing the 2019 auction catalogues with the past 12 years​.

  • 03/05/2019: May 2019 New York Impressionist evening Sales at Christie’s and Sotheby’s: Ahead of the Impressionist & Modern Art Evening sales at Christie's and Sotheby's in New York, Bénédicte Taillandier Thomas reviews Pi-eX's May New York Impressionist MICRO reports and presents key findings by comparing the 2019 auction catalogues with the past 12 years​.

  • 02/05/2019: O Day sales how Art thou?: Analyzing Pi-eX's Day Auction MACRO report and Pi-eX's Day Auction MICRO report, Anna Benoliel looks at the state of Fine art Day Sales at auctions and reflects on what this may mean for the fine art market and for the upcoming New York 2019 Spring Sales.

  • 05/04/2019: Pi-eX Quarterly Report Summary: Q1 2019: Pi-eX's Quarterly MACRO report confirms that First Quarter 2019 revenues at the top three auction houses decreased versus revenues in Q1 2018.

  • 02/04/2019: Sotheby’s Hong Kong Spring Sales, 2007-2019: The Art Market Monitor reviews 6 years of Sotheby's Spring Hong Kong Modern and Contemporary Art evening sales, leveraging Pi-eX's research: MICRO Modern & Contemporary Spring Hong Kong Evening Sales Results at Sotheby's – 2007-2019 Tailored Report.

  • 15/03/2019: London Winter Contemporary Sales, 2007-2019: This 13-year analysis of February Contemporary Art Evening sales by The Art Market Monitor is based on Pi-eX's report and includes the latest auction results of the 2019 London Winter Contemporary evening sales

  • 04/03/2019: London Winter Impressionist & Modern Evening Sales, 2007-2019: This 13-year analysis of February Impressionist & Modern Art Evening sales by The Art Market Monitor is based on Pi-eX's report and includes the latest auction results of the 2019 London Winter Impressionist & Modern evening sales

  • 23/02/2019: Auction house and third party guarantees: market developments and legal perspectives: As part of the Study Forum organized by the Institute of Art & Law, Christine Bourron, Pi-eX CEO, and Azmina Jasani, solicitor at Constantine Cannon provided both a market and a legal perspective around the use of Auction House Guarantees and Irrevocable Bids at the top three auction houses.

  • 18/02/2019: Analytical and Financial Tools for the Art Market: Interview with Christine Bourron , the Founder of Pi-eX Ltd: Etienne Verbist, an authority in the field of crowd sourcing, disruptive business modelling and disruptive art interviewed Christine Bourron, Pi-eX CEO. During the interview, Christine shared information about Pi-eX's fine art research platform and the rational for Pi-eX Contract on future Sales (CFS).

  • 05/02/2019: The Top of the Impressionist & Modern Market, 2007-18: Leveraging Pi-eX's research, The Art Market Monitor looks back at 12 years of Impressionist & Modern evening sales and shares his insights on what has been happening during the growth years of 2009-2015 and the "correction" since 2016.

  • 31/01/2019: The Top of the Contemporary Art Market, 2007-2018: Leveraging Pi-eX's research, The Art Market Monitor looks back at 12 years of Contemporary Art evening sales and shares his insights on what has been happening during the growth years of 2010-2014 and the "correction" since 2016.

  • 22/01/2019: Three Phases of the Auction Market, 2007-2018: The Art Market Monitor looks back at repeating Impressionist, Modern and Contemporary art evening sales at Christie's, Sotheby's and Phillips over the past 12 years and shares its view on what this means for the fine art market.

  • 10/01/2019: Pi-eX Quarterly Report: Q4 2018: Pi-eX's Quarterly MACRO report shows that Fourth Quarter 2018 revenues at the top three auction houses decreased versus revenues in Q4 2017.

  • 17/12/2018: Did the latest New York Impressionist and Modern day sales just show that art buyers are price sensitive?: Pi-eX's research on the latest Impressionist & Modern Day Sales in New York at top auction houses seems to indicate that buyers' price sensitibity may be a driver of price adjustments in that market.

  • 15/12/2018: Price guarantees are common at art auctions ... but their record value is distorting the art market: The Economist mentions Pi-eX's research in an article about Auction Guarantees and their impact on the fine art market.

  • 28/11/2018: Do Third Party Guarantees at Fine Art auctions increase the risk for sellers without a guarantee?: Christine Bourron, Pi-eX CEO, shares some of the company's research that seems to indicate that Irrevocable Bids and Third Party guarantees may have an impact on the performance of lots without guarantees.

  • 12/11/2018: Guarantees: the next big art market scandal?: The Art Newspaper mentions Pi-eX's research on Guarantees and shares its concerns that Irrevocable Bids and Third Party guarantees may have a negative impact on the Fine Art market.

  • 11/10/2018: Art investment myth busters: Christine Bourron, Pi-eX CEO, debunks some of the most common misconceptions about investing in fine art at an event organized by the Chartered Institute for Securities & Investment (CISI).

  • 23/10/2018: "Glimmers of light for the London October Contemporary Day sales": Pi-eX 's research on the London October Contemporary Day Sales shows the show recovery over the market since 2008 and address some of the questions that remain to be answered.

  • 04/10/2018: "Will the October Contemporary Art evening sales in London continue to show strength?": Pi-eX 's research looks at historical performance at the October Contemporary Art evening sales in London to predict what could happen in 2018.

  • 28/09/2018: "All eyes on Sotheby’s Modern and Contemporary Art fall sales in Hong Kong!": Pi-eX 's research looks at historical performance at Sotheby's Fall Modern and Contemporary Art evening sales in Hong Kong to predict what could happen in 2018.

  • 26/09/2018: "Is London no longer the preferred location for auctioning contemporary Italian fine art?": Pi-eX 's research looks at historical performance at the the October London Italian evening sales to predict what could happen in 2018.

  • 14/09/2018: Pi-eX 's research on Guarantees & Irrevocable Bids is mentioned in a New York Times' article.

  • 13/09/2018: Pi-eX is nominated as a finalist for Best Financial Start-up in the 2018 Financial Innovation Awards. The Financial Innovation Awards is presented by The London Institute of Banking & Finance and UK Finance. The awards, which are in their 20th year, celebrate the very best projects in global banking and finance.

  • 05/09/2018: "Guarantees & Irrevocable Bids. The Fine Art Market's Magic Tools?" Pi-eX publishes key insights from its 11 year analysis of the performance of guarantees and irrevocable bids at London and New York evening sales.

  • 30/08/2018: "ArtTactic Podcast" Christine Bourron, Pi-eX's CEO, introduces listeners of the ArtTactic Podcast to the Contract on Future Sales (CFS), a product that enables artwork sellers to pre-sell a percentage of their artwork to investors in advance of their artwork heading to auction.

  • 30/05/2018: "Christie’s Hong Kong Evening Sale: A Decade to Breakout": Post-auction analysis by the Art Market Monitor using Pi-eX research

  • 22/05/2018: "A Quick Look at New York’s Contemporary Evening Sales": Post-auction analysis by the Art Market Monitor using Pi-eX research

  • 16/05/2018: "Imp-Mod Evening Sales Have Best May Ever": Post-auction analysis by the Art Market Monitor using Pi-eX research

  • 11/05/2018: "How’s This Season’s Contemporary Market Stacking Up?": Pre-auction analysis by the Art Market Monitor using Pi-eX research

  • 02/05/2018: "Value Intensifies in the Impressionist and Modern Market": Pre-auction analysis by the Art Market Monitor using Pi-eX research

  • 30/04/2018: Is the Art Market focusing on the right set of data?: Christine Bourron, Pi-eX CEO, argues that looking at the right set of data, art collectors and investors could have seen in May 2008 early signs of the challenges of the years to come in the fine art market.

  • 13/04/2018: 8th World Women Lawyers' Conference: Christine Bourron, Pi-eX CEO, participated in a panel focusing on our women are changing the fine art market.

  • 19/03/2018: Third Party Guarantees at the Spring London Contemporary Evening Sales: Increase of Low Estimates but little boost to Hammer Prices: Pi-eX looks at the impact of Third Party Guarantees on the results of the Spring London Contemporary Evening Sales.

  • 28/02/2018: Insights from art buyers' and sellers' behaviors at evening auction sales: While the impressionist & surrealist February auction sales take place in London, Pi-eX looks back at historical evening sales over 10+ years at Christie's and Sotheby's to see what the behaviors of buyers and sellers can teach us.

  • 31/12/2017: Pi-eX publishes its 2017 TOP 10 SERIES

  • 14/12/2017: A New Approach to Art Data Analysis: Christine Bourron, Pi-eX CEO explains how Pi-eX is shifting the focus from the artworks to the collectors.

  • 08/11/2017: Deloitte 5th Art & Finance Report features Pi-eX as one of seven key Art data & analytics providers in the fine art market. In a separate article, Pi-eX CEO, Christine Bourron shares her vision of data analysis for the art market.

  • 06/10/2017: During Frieze week London 2017, Pi-eX CEO, Christine Bourron, was a panelist on the Vastari / Cromwell Place event about Mining for Big Data in the Art World .

  • 15/09/2017: Pi-eX is invited by the Asia Institute of Art & finance to participate in "The 2nd edition of the Global Art Financier Program London Module"

  • 07/09/2017: Pi-eX is nominated as a finalist for Best Innovation in the Data category for the 2017 Financial Innovation Awards. The Financial Innovation Awards is presented by The London Institute of Banking & Finance and UK Finance. The awards, which are in their 20th year, celebrate the very best projects in global banking and finance.

  • 19/06/2017: What to expect at Sotheby's Impressionist evening sale in London? As Sotheby's prepares for its June 2017 London Impressionist evening sales, Christine Bourron, Pi-eX CEO looks at what data tells us about comparable sales over the past 10 years and what we can expect for this year.

  • 05/05/2017: Will the New York Impressionist Market follow the London trend? Ahead of the May 2017 New York Impressionist & Modern and Contemporary evening sales, Christine Bourron, Pi-eX CEO looks at guarantee level and its potential impact on the upcoming sales.

  • 21/04/2017: Is segmentation by price relevant in the fine art market? Price segmentation is commun practice, but rarely used in the fine art market? Christine Bourron, Pi-eX CEO gives a concrete example of how price segmentation can bring interesting insights when analysing fine art auction results.

  • 28/03/2017: How Categorizing artworks' performance at public auctions can help better understand the state of the fine art market.: Christine Bourron, Pi-eX CEO shares some insights into how Pi-eX uses standard categories to better understand trends in the fine art market.

  • 24/01/2017: Which artists attracted most fine art collectors'​ money in 2016 and how?: Pi-eX CEO, Christine Bourron, reflects on fine art top auction sales in 2016 and who the top 10 most attractive artists for art buyers in 2016 were.

  • 31/12/2016: Pi-eX publishes its 2016 TOP 10 SERIES

  • 31/05/2016: In an Artsy Editorial, Alexander Forbes describes Pi-eX as the "one interesting, late-breaking development in the art investment space", which "should allow both art buyers and sellers to hedge their risk when selling a particularly major piece, something that could, if adopted successfully, have interesting implications for the auctions business and the guarantees houses currently use to help consignors mitigate their risk exposure.".

  • 24/05/2016 and 25/05/2016: ART & FINANCE PRESENTATIONS & BRAIN STORMINGS Pi-eX organizes in London a series of presentations of the Deloitte Art & Finance report followed by brainstormings. Small groups of art and finance professionals - art investors, wealth managers, lawyers, art dealers, etc. - were invited to participate. Some of the subjets discussed included: art as an asset class, transparency in the art market, regulation of the art market, risk management, art derivatives, blockchain, etc...

  • 21/04/2016: Deloitte Luxembourg features Pi-eX in its latest Art & Finance report. In Part 3, "Art as an Investment", Pi-eX's Contract on Future Sales (CFS) are listed as one of the new developments.

  • 15/03/2016: Art is clearly not a commodity but the art world could still learn from the commodities world: Pi-eX Founder & CEO, Christine Bourron, writes about how she sees great similarities between the commodities markets at the end of the 19th century and the fine art market today. In particular, she outlines the role of derivative instruments in allowing tremendous growth in the commodities markets and asks whether the same could happen for the art market.

  • 07/03/2016: WHEN ART MEETS FINTECH: Pi-eX first mini Hackathon took place at the Photographer's Gallery in London. A small group of selected senior executives with complementary experiences were invited to participate: art professionals, finance professionals, art collectors, Fintech entrepreneurs, art advisors, wealth managers, art lawyers, art dealers, etc... Within a few hours, new opportunities and avenues of growth were discussed for the art market.

  • 12/02/2016: Art Finance & Law Conference/Art Law Foundation (FDA): Risks, rules & opportunities in art investing: The FDA conference took place at the beautiful AXA Insurance headquarter in Paris. Pi-eX participated in a panel answering the question: Is art an asset class like others?

  • 10/02/2016: FCA AUTHORIZATION: Pi-eX receives authorization from the FCA to arrange and sell Contracts on Future Sales (CFS), the first financial derivative based on Fine art.

  • 15/10/2015: Art Business and Finance Talk at The Wharton School of Business: Pi-eX Founder & CEO, Christine Bourron, was invited to speak to the Wharton A.R.T. club about her experience and knowledge of Fine Art Auction Business, the current artwork underwriting process and how her new business Pi-eX is looking to revolutionize the Fine Art industry.

  • on-going updates: FINE ART NEWS FOR ART INVESTORS: Pi-eX Linkedin page outlines the latest important news art investors should be aware of. For on-going updates follow Pi-eX on Linkedin.
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