por 
THE BAJA POST
NEWSROOM
SOURCE: PRN NEWSMEDIA
The fires that are ravaging Los Angeles, have destroyed an unprecedented volume of artworks, according to an interview with Artmarket.com CEO/founder thierry Ehrmann , who expressed their sympathy and solidarity with all those affected by this major catastrophe, which has impacted the world with its magnitude, also leaving lots of people stunned just watching their houses burn.
The damage caused by the fires that have raged for many days goes way beyond the material, and while we all naturally regret the loss of life and the destruction of whole neighborhoods, as art market professionals, we are shocked by the news of the scale of cultural and patrimonial destruction that has also occurred, and it is still ongoing.
Indeed, millions of artworks have either gone up in smoke or are at risk of doing so, hundreds of contemporary artists have lost their entire life’s work as their studios have been burnt to the ground and many first-rate historical art collections have been completely decimated, leaving a very substantial hole in our collective global heritage.
When it comes to getting the true price of Art, access to data from 861,000 artists and nearly 30 million sales results and Artprice indices, with the contribution of the proprietary AI Intuitive Artmarket®️ now deployed in Premium mode, makes it possible to speed up procedures with insurance companies with the certainty of the price of the work destroyed in the tragedy of the Los Angeles fires.
As the news emerges, we are both shocked and saddened to discover one of the biggest cultural losses that humanity has ever suffered, comparable to very few other historical events, such as the burning of the Library of Alexandria. Countless unique works will now only exist through photos that were taken for art history books and databases, including those of Artprice.
«Our mission since 1987, beyond analyzing, producing and providing in complete transparency the prices of the Art Market, is to map the circulation of works across the centuries and on five continents.» says thierry Ehrmann, president of Artmarket.com and founder of Artprice.
«We are unfortunately witnessing a truly historic disaster and we wish to express our sympathy and support for all those affected by these fires and particularly for the artists and collectors who are today losing their – and in many cases, some of humanity’s – most precious possessions.
