Art Index · 2026
Art Index 2026: Russian-speaking and Spanish art markets
Annual report based on Art Index data as of 12.11.2026: 100 artists, auction sales, public interest, media and museum recognition.
100artists
48with auction prices
32“rising” signal
31“cooling” signal
Key findings
- The ranking is led by Joan Miró (84/100), followed by Eduardo Chillida, Grisha Bruskin.
- 32 of 100 artists show a “rising” signal, 37 are “stable” and 31 are “cooling”.
- Public interest (Wikipedia page views this year versus the previous three): median −25%; interest grew for 13% of artists. This reflects the overall decline in Wikipedia traffic, which the outlook nets out so it is not mistaken for cooling towards a specific artist.
- The best average outlook is in the “Established” segment (+4.0% a year).
- The median auction record in the sample is €193,000. Records set in the last 5 years: Javier Calleja (€1,428,744, 2021), Oleg Tselkov (€668,772, 2021), Vladimir Dubossarsky (€280,098, 2021), Ivan Chuikov (€250,614, 2021), Valery Koshlyakov (€156,000, 2021).
Ranking leaders
Largest auction records
| Artist | Work | Year | ≈ € |
|---|
| Joan Miró | Peinture (Étoile bleue), 1927 | 2012 | €27,612,000 |
| Eduardo Chillida | Buscando la luz IV (2001) | 2013 | €4,785,300 |
| Juan Muñoz | Conversation Piece | 2011 | €3,510,000 |
| Ilya Kabakov | Жук (1982) | 2008 | €3,431,025 |
| Antoni Tàpies | Gran ocra amb incisions (1961) | 2014 | €1,931,085 |
| Antonio López García | Madrid desde Torres Blancas | 2008 | €1,626,300 |
| Miquel Barceló | Tres ics | 2011 | €1,500,000 |
| Javier Calleja | Untitled (2017), 30 работ | 2021 | €1,428,744 |
| Erik Bulatov | Слава КПСС (1975) | 2008 | €1,268,865 |
| Jaume Plensa | Twins I and II | 2019 | €1,039,600 |
Segments
| Segment | Artists | Avg Art Index | Avg outlook/yr |
|---|
| Classic | 30 | 56 | -0.1% |
| Established | 43 | 47 | +4.0% |
| Emerging | 27 | 42 | +3.6% |
Markets
| Market | Artists | Avg Art Index | Avg outlook/yr |
|---|
| Russian-speaking | 50 | 46 | +3.4% |
| Spain | 50 | 51 | +1.9% |
Methodology
Art Index combines six 0–100 scores: price level (25%), price momentum, popularity, interest trend, media and museum recognition (15% each). The 3-year scenario is long-run art-market growth (+3% a year) plus the artist's deviation from the market. Data: public auction results, Wikimedia, Wikidata, GDELT.
Please cite as “according to Art Index (vintagecapitalai.com)”. Analytics, not investment advice.
Art Index is an analytics service. The information is provided for reference only and is not personal investment advice or an offer to buy or sell works of art. Past price performance does not guarantee future results; values can fall as well as rise and sales may take time. The outlook is a model scenario based on open data. Prices come from public sources, usually including buyer's premium; euro figures use indicative exchange rates. Verify authenticity and provenance with an independent expert before buying.