Decoding Art Indices: MAB100 vs. Traditional Resources
Navigating Art Investment With MyArtBroker's Print Index

MAB100 Print Market index by MyArtBroker -2023MAB100 Print Market Index © MyArtBroker 2023
Joe Syer

Joe Syer, Co-Founder & Specialist[email protected]

Interested in buying or selling
an artwork?

Browse artworks

Live TradingFloor

Art indices play a vital role in guiding financial decisions and predicting market trends, catering to financiers and investors. Historically, ArtNet and ArtPrice have been esteemed resources, offering valuable insights through extensive databases and auction histories. Companies have used these databases to funnel through indices–ArtPrice introduced its Artprice100 index in 2018, while ArtNet had a similar model years ago, now discontinued. Sotheby’s Mei Moses, developed in 2002, made headways relying on repeat sales. However, a significant drawback of these indices is their lack of public accessibility. Recognising the unique value of specific indices and how they operate is crucial for informed decision-making.

Below, we introduce the MAB100 and explore both the advantages and constraints of available art indices and databases.

MAB100: The Print Market Index

MyArtBroker is excited to introduce the MAB100, a groundbreaking Print Market Index unlike any other. What sets this index apart is its meticulous ranking of 100 Modern & Contemporary editions, focusing on individual work value and demand rather than just artists. In this data-driven era, the MAB100 offers unparalleled transparency, precision, and control.

Dedicated solely to the print market, our index facilitates apples-to-apples comparisons due to the inherent characteristics of prints. By concentrating on blue chip artworks, we go beyond generic approaches, ensuring precise price prediction models and unrivalled accuracy in print and edition values. Our MAB100 algorithm leverages advanced Repeat-Sales-Regression (RSR) technology that is more sophisticated than ever before. Unlike earlier RSR technology that disregards private sales data, our system incorporates this valuable information. To account for single sales, the technology considers similar “families’’ and print “groups,’’ using historical sales to bolster prints with limited data points.

What sets the MAB100 apart is its unique weighting system. While market capitalisation index styles are generally considered top-notch, they can be heavily influenced by a few major players, skewing the representation of the entire market. The MAB100 employs an equal-weighted approach, where each data point carries the same weight, ensuring a bias-free calculation of the index value.

The MAB100 inspires investor confidence by factoring in sales results from over 350 auction houses and more than 40 other data inputs that impact pricing. Our goal is to provide the latest market information to both seasoned and novice collectors, assisting in investment decisions and offering invaluable resources for wealth and passion-asset reporting.

Other Art Databases And Indices

ArtNet

Established back in 1989, ArtNet has earned its reputation as a prominent online art transaction platform, renowned for its tailored analytics and expansive database spanning a wide range of artistic categories containing millions of auction results dating as far back as 1985. ArtNet has, and continues to stand, as a valuable resource for the art market.

ArtNet's database offers unique, and recently remodelled, search features. Although its user face may be more suited for individuals with a certain level of art market knowledge, primarily catering to experienced collectors. However, even for those who may not possess specialised art market expertise, ArtNet provides a list of the 300 most frequently searched artists over the past six months. While this offers insights into user interests, it does not function as a comprehensive price index.

For those in search of more in-depth reports and indices that extend beyond mere auction results and search volume, ArtNet offers customised analytical reports upon request. However, it's worth noting that according to Morgan Stanley's August 2023 report, ArtNet's approach to custom indices treats each artist's average equally, providing an overview but potentially overlooking variations in individual work values.

In contrast, the MAB100 employs a diverse range of datasets, encompassing final bid prices, non-sale data, and estimates. It takes into account various forms of volatility, both historical and forward-looking, ensuring a comprehensive analysis of the art market. The MAB100 is designed with user-friendliness in mind, presenting artists and artworks directly without the need for complex search filters. Rather than requiring users to request market reports, MyArtBroker generates them on a quarterly basis, offering valuable research resources at no cost.

ArtPrice

ArtPrice, a prominent online resource similar to ArtNet, offers the ArtPrice100 index, leveraging an extensive database that tracks millions of auction results across diverse artistic categories and mediums. Access to their auction database, market reports, and indices is available through a membership subscription.

Launched in 2018, the ArtPrice100 index centres its attention on blue chip artists to mitigate biases. Similarly, the MAB100 targets these stable artists, with a specific emphasis on prints, narrowing its focus to high-demand American Pop, Post War and Contemporary artists. In contrast to ArtPrice, which defines blue chip artists broadly and encompasses various artistic mediums, the MAB100 hones in on prints to provide reliable comparables for assessing sales and value fluctuations.

Furthermore, the methodologies employed by these two indices differ. ArtPrice100 selects the top 100 artists based on their auction results from the past five years, utilising all sales data to calculate average annual values. While this approach is comprehensive, it can be influenced by standout sales that skew price assessments. On the other hand, the MAB100 employs an RSR technology model, concentrating on the top 100 print works. This model serves as a filter, allowing investors to explore the most highly valued artworks within the artists' markets.


Sotheby's Mei Moses

Introduced in the early 2000s and subsequently acquired by Sotheby's in 2016, the Sotheby's Mei Moses Indices introduced a unique approach to RSR technology for precise tracking of price trends, departing from the use of average or median values. However, it's important to note that the Mei Moses Indices exclusively focus on auction data from Sotheby's, Christie's, and Phillips, omitting information from private and individual sales and hundreds of other auction houses. There have also been questions raised about its ability to effectively analyse years of data to identify repeat sales spanning decades.

The Mei Moses indices, which date back to Sotheby's acquisition, have generated numerous discussions and uncertainties within the art market. A notable limitation is its lack of public accessibility, highlighting the inherent opacity of the art market. Meanwhile, ongoing technological advancements have transformed the landscape. The MAB100, powered by the latest RSR technology, surpasses Mei Moses by assigning value to private and unsold items, and taking into account similar features of print groups from single sales, representing a significant evolution from Mei Moses' initial methodology.

Trusting Your Resources and Databases

MyArtBroker's MAB100 Print Index is a groundbreaking presence in the art market, overcoming challenges posed by traditional research tools. In contrast to platforms burdened by fees and complex trends, MAB100 offers a user-friendly interface and a distinctive approach. It focuses on the top 100 artworks from high-demand blue chip artists with established markets, chosen through real-time data analysis, providing precise and accessible information. What distinguishes MAB100 is its simplicity and free usage, enabling users to explore investment-worthy prints without any charges. There's no need to request custom indices or market reports; we analyse market trends and provide the information directly to you. This approach democratises access to valuable art market insights, making art investment accessible to everyone and reshaping the landscape of art market research.

MAB100 Print Market index by MyArtBroker -2023MAB100 Print Market Index © MyArtBroker 2023

Questions to Ask About The MAB100 Print Index

Q: How can the MAB100 print index help me understand the value of artworks?

The MAB100 print index offers valuable insights into artwork valuation by utilising advanced technology. The MAB100 tracks genuine historical auction sales from over 300 auction houses and integrates data from 40 other sources that impact pricing. This comprehensive approach includes private sales pricing, valuations, artists' trends, and details about related print series such as alternative colour variations, artist’s proofs, printer’s proofs, and corresponding portfolios to derive the 100 most in-demand print works to add to your portfolio. Our goal was to make this intricate information readily available, putting it directly into your hands for a better understanding of artwork value.

Q: Can I see the individual market performance of the works listed on the MAB100 as well?

Yes. Every artwork featured in the MAB100 has its own dedicated webpage, providing a user-friendly database of its sales history. Unlike other auction databases that necessitate manual filtering, our data is pre-filtered for your convenience. On these pages, you can easily access information such as the buyer-paid value, hammer price, and return to the seller for each print sale. Moreover, our custom algorithm utilizes past auction records to offer you a real-time, up-to-date estimated value of the artwork you're interested in.

Q: How can I utilise the MAB100 and the MyPortfolio feature to help track the value of my art collection?

The MAB100 feature is specifically crafted as a Print Market Index, powered by advanced technology that also informs our comprehensive print market database. It highlights the most valuable print pieces from a curated group of well-established blue chip artists, ensuring fairness in the ranking process. In addition, MyPortfolio, a complimentary tool, allows you to add print artworks to your collection. It tracks the value of these pieces using real-time auction data and sales information, providing you with accurate and up-to-date insights into your art collection's overall worth.

Q: I’ve decided on the artwork I want to purchase, but I also have others in mind. How do I move forward and what are the first steps in acquisition?

In addition to the MAB100 and MyPortfolio features, MyArtBroker offers a vibrant live trading floor, fostering an engaged community where members actively discuss their desired artworks, showcase their own collections, and indicate artworks available for sale. Once you are ready to purchase, we seamlessly handle the transaction process on your behalf. The trading floor also provides valuable assistance in acquiring additional artworks for your collection, displaying the current value of the pieces, and showcasing the Annual Average Growth Rate (AAGR). This comprehensive information empowers you with confidence when making decisions related to buying or selling artworks.