An Era · 1980–today

The Contemporary Age

Art without borders — the living conversation between street, canvas, code and culture.

The Deep Dive

The Contemporary Age describes art produced from roughly the early 1970s to the present, a period defined less by a single style than by pluralism, globalization, and the dissolution of the boundary between 'high' and 'low' culture that postmodern theory articulated. Where modernism sought universal, progressive narratives, postmodern and contemporary artists — from Cindy Sherman's staged photographic self-portraits to Jeff Koons's readymade-derived sculpture and Jean-Michel Basquiat's Neo-Expressionist, graffiti-inflected canvases — embraced irony, appropriation, identity politics, and the recycling of historical styles. Conceptual Art, Land Art, Performance Art, and Institutional Critique, incubated in the late 1960s by figures like Sol LeWitt, Robert Smithson, and Marina Abramović, shifted emphasis from the crafted object to idea, process, and context, a shift theorists trace back to Duchamp's Dada-era readymades. From the 1980s onward the art market itself became a defining feature of the era: Damien Hirst's 2008 Sotheby's sale 'Beautiful Inside My Head Forever' bypassed the traditional gallery system entirely and grossed roughly $200 million in a single event, while globalization brought artists such as Ai Weiwei into the mainstream Western canon as biennials and fairs — Venice, documenta, Frieze, Art Basel — proliferated worldwide. Since the 2000s, digital technology, street art (Banksy), and blockchain-based media have further expanded the field, most visibly when Beeple's purely digital NFT work Everydays: The First 5000 Days sold for $69.3 million at Christie's in March 2021. The era's legacy is still being written, but it has produced an art market of unprecedented scale and an art-historical canon far more geographically and demographically diverse than any preceding period.

Defining characteristics

Pluralism of styles and media, with no single dominant '-ism' as in earlier erasBlurring of 'high' and 'low' culture through appropriation of advertising, comics, and mass media imageryRise of Conceptual, Performance, Installation, and Land Art prioritizing idea and process over the crafted objectIdentity, gender, race, and postcolonial critique as central thematic concernsGlobalization of the art world beyond Europe and North America via biennials and international art fairsNeo-Expressionist and street-art-derived painting bringing graffiti aesthetics into blue-chip galleriesEmergence of the artist as celebrity or brand and the art market as a recognized financial asset classIntegration of digital media, video, and, since the 2020s, blockchain/NFT technology into contemporary practice

Timeline

1977
The Centre Pompidou opens in Paris, dedicated to modern and contemporary art
1980
Jean-Michel Basquiat participates in the 'Times Square Show,' launching his career in New York's downtown scene
1988
Damien Hirst curates the 'Freeze' exhibition in London, launching the Young British Artists (YBAs)
1993
The Whitney Biennial spotlights identity politics and multiculturalism in American art
1999
Tracey Emin's My Bed is shortlisted for the Turner Prize
2008
Damien Hirst sells work directly through Sotheby's 'Beautiful Inside My Head Forever,' grossing roughly $200 million and bypassing the gallery system
2017
Basquiat's Untitled (1982) sells for $110.5 million at Sotheby's, a record for an American artist
2021
Beeple's digital NFT work Everydays: The First 5000 Days sells for $69.3 million at Christie's

Key artists

Jean-Michel Basquiat
Neo-Expressionist whose graffiti-inflected canvases became among the highest-priced works by any American artist
Andy Warhol
Pop-turned-contemporary icon whose commercial imagery and celebrity persona shaped the market for decades after his death
Cindy Sherman
Photographer known for staged self-portraits interrogating identity and media representation
Jeff Koons
Sculptor known for polished, oversized readymade-derived objects that fuse Pop sensibility with market spectacle
Damien Hirst
Leader of the Young British Artists whose formaldehyde-preserved animals and diamond-encrusted skull redefined art-market showmanship
Ai Weiwei
Chinese conceptual artist and activist whose installations critique state power and globalization
Banksy
Anonymous British street artist whose stenciled works and market stunts (including a self-shredding painting) bridge street art and the auction house
Yayoi Kusama
Japanese artist known for immersive infinity mirror rooms and polka-dot motifs spanning six decades

Notable works

  • Untitled (1982), Jean-Michel Basquiat (1982) — Private collection (Yusaku Maezawa)
  • Balloon Dog (Orange), Jeff Koons (1994-2000) — Private collection
  • For the Love of God, Damien Hirst (2007) — Private collection
  • Untitled Film Stills (series), Cindy Sherman (1977-1980) — Museum of Modern Art, New York
  • Everydays: The First 5000 Days, Beeple (Mike Winkelmann) (2021) — Digital NFT, privately held

The market

Contemporary and Ultra-Contemporary art has been the fastest-growing segment of the global auction market since 2000, driven by younger collectors, globalization of sales, and record prices for a small cohort of blue-chip names.

Contemporary art market growth since 2000
Grown approximately 1,800% since 2000 (Artprice by Artmarket, 2024 Contemporary Art Market Report)
Basquiat auction record
$110.5 million, Untitled (1982), Sotheby's New York, May 2017 — the highest price for a work by a U.S. artist at auction
Beeple NFT auction record
$69.3 million, Everydays: The First 5000 Days, Christie's, March 2021

More eras

Every masterwork of the The Contemporary Age on ArtzFolio ∞ Infinity is recreated on archival, hand-finished canvas, numbered as a strictly limited Heirloom edition and built to be inherited — from ₹50,000, delivered across India with white-glove care.

Commission from the The Contemporary Age.