Thierry Ehrmann: As I have warned and repeated continually for many years, France is losing its standing in the global art market. In 1950, France accounted for more than 50% of the global art. Today, according to our latest interim report on the global art market, it accounts for less than 4%. The Americans, who started from scratch, understood the only thing that needed to be understood: control of the global art market constitutes a powerful political objective - somewhere in the realm between earthly power and spiritual power - hence the fierce struggle which saw China overtake the United States in 2010. But the United States has managed, with a strong dose of patriotism, to react quickly and effectively to regain its leader position in the first half of 2014. The second half of the year will no doubt see be a fierce battle between the USA and China.
Trading And Ipo: You are talking about America, but our question was really "why New York?"
Thierry Ehrmann: It's very simple; New York is the leading art marketplace in the world, ahead of Beijing, London and Hong Kong. In fact, 90% of the entire American art market changes hands in New York.
Trading And Ipo: In some interviews, particularly in the international press like Time Magazine and Le Monde in France, you were already talking a long time ago about a "disruptive economy as a continuation of a capitalism that has merged its two main two main currents, the Rhineland current and the Anglo-Saxon current ". Today, how do you react to a vision that has, in effect, became a doctrine?
Thierry Ehrmann: You can only understand the Internet (which we pioneered in France as of 1987) if you admit that we are facing a veritable paradigm. Based on this assumption, the Christensen doctrine becomes perfectly clear. In my view, in 2014 we have arrived at less than 10% of the history of the Internet. As a pioneer of the Internet in Europe, I see the internet as one of the most exciting engines for historical change that we have ever experienced. That's why we want to pursue the rest of this digital revolution in the USA.
Trading And Ipo: It has to be said that this cold and hard economic analysis leaves little room for emotion.
Thierry Ehrmann: That may be so, but do you know that aside from my role as CEO and founder of my industrial groups, I managed to organize a 30-year retrospective of my monumental sculptures (1982 to 2012) at the Contemporary art museum which I founded in Lyon, the Musee l'Organe, also known as La Demeure du Chaos, or, as the New York Times called it, the Abode of Chaos. So we can reconcile industry, finance and art... because art will always be the bridge between the material and the spiritual.
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Artprice permanently enriches its databanks with information from 4,500 auctioneers and it publishes a constant flow of art market trends for the world's principal news agencies and approximately 6,300 international press publications. For its 3,200,000 members (members log in), Artprice gives access to ads posted by members. This space represents the world's leading Standardised Marketplace(R) for buying and selling art. These sales take place under two systems: either fixed price sales or auction-sales (regulated by paragraphs 2 and 3 of Article L 321.3 of the French Code of Commerce).
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