ARTSPLIT TRADE ROUND-UP FOR THE MONTH OF JANUARY 2023
The month of January on the ARTSPLIT marketplace turned out to be a bullish month as the market posted a 0.81% gain, which saw its market capitalization gain $28,000, from $3.45 million at the start of the month, to end the month with a market capitalization of $3.48 million. While we saw significant increases in the price of certain artworks, a major boost to the market capitalization is as a result of the addition of new artworks on the ARTSPLIT marketplace.
Volume and Value Analysis
During the month, we saw the market recorded a total volume of 10,705 SPLITS from 39 Artworks of the 52 Artworks currently listed on the ARTSPLIT platform. Diving in deeper into these figures, Clary Nelson Cole’s “Gestation,” was the most traded artwork on the marketplace during the month as it accounted for 4,989 SPLITS, representing 46.60% of the total volume of transactions, the marketplace saw during the month. Below is a table of the top five most traded artworks in the month of January 2023;
On the value side, we saw a total of $2,360.53 worth of transactions consummated during the month of January. Diving in deeper, Clary Nelson Cole’s “Gestation,” accounted for the most value of transactions seen during the month as the artwork accounted for $997.80, which represents 42.27% of the transactions consummated during the month. Below is a table of the top five value artworks in the month of January 2023;
Artist of the Month
Now let’s look into the top artist of the month. The top artist measures the most traded artist seen during the month. It’s a metric that measures which artist, market participants, have shown interest in by measuring the volume of transactions they recorded during the month. In January, a total of 24 artists was traded on the ARTSPLIT marketplace. The artist of the month goes to Clary Nelson Cole majorly because of his artwork, “Gestation,” accounted for 46.60% of the total SPLITS recorded during the month. This represents 4,989 SPLITS, bringing a total of $997.80 consummated during the month, representing 42.27% of the total transactions seen during the month. Below is the table of the top 5 artist in the month of January 2023;
Gainers and Losers Chart
Market Depth Analysis
Although the market performance of the ARTSPLIT marketplace was bullish, the same cannot be said for its market breath, as sellers accounted for most of the transactions seen during the month, representing $2,024.94 with a volume of 9,152 SPLITS. This means the sellers accounted for 85.78% of the total value of transactions and 85.49% of the total volume of transactions. There was no activity on the lease side as all artworks ended the month flat.
ARTSPLIT is an art trading technology company driven by one common goal; enhancing the investment status of African art by allowing users to co-own rare and valuable artworks on a platform that guarantees price discovery and market liquidity.
To learn more about the platform, send an email at info@artsplit.com or visit www.artsplit.com. You can also call or WhatsApp our mobile at +234(0)9088962169 and follow @artsplitofficial on Twitter, Instagram, and Facebook.
