Since 2002 tefaf has been involved with providing a program of independent research into the art market. But the year of 2015 has seen things move in the opposite direction and slight crisis is noticeable in the market sales. Clare mcandrew, founder of art economics, it is an independent and objective study, analyzing the global art market by looking at its different. Analysis 40 percent of world gallery art sales made at fairs and other key findings in the tefaf art market report 2015. Mar 11, 2016 the european fine art foundation tefaf released the 2016 edition of its annual report on the state of the art market on wednesday. Mar 12, 2015 the tefaf art market report 2015 is a wide ranging report that examines the global art market in 2014 but also looks at individual sectors within the market, changing patterns of global wealth and art collecting, the growth of art fairs and online sales and finally the economic impact of the art market. Us remains key centre of sales of postwar and contemporary art, while china and us share top spots in the market for modern art. The average days on market for july 2015 detached sales was 59. It is our thirtieth fair in maastricht, an important milestone we hope to celebrate in a fitting way.
Worth clients that have the means to buy art and luxury items, a large. Commissioned by the european fine art foundation, organisers of the european fine art fair tefaf, the report is researched, compiled and written by dr clare mcandrew, a cultural economist specialising in the fine and. The art market in 2014 shattered numerous records, according to the annual tefaf art market report by art economics founder clare mcandrew, which was released today. The overall picture of the art market in 2016 is of a sturdy, resilient market that is thriving despite global economic and political uncertainty, according to the tefaf art market report 2017. The global art market continued to recover in 2011, with the market as a whole advancing 7% yearonyear to 46. The tefaf art market report 2015 is a wide ranging report that examines the global art market in 2014 but also looks at individual sectors within the market, changing patterns of global wealth and art collecting, the growth of art fairs and online sales and finally the economic impact of the art market.
Used gestational carrier art market was dominated by the three major art markets of the us 39%, china 22% and the uk 22%, while by sector, post war and contemporary art continued to lead with 48% of all fine art auction sales with sales of modern art accounting for 28% of the global fine art auction market. This 7% rise means the market as a whole has roughly doubled in value over the past ten years. This report presents an analysis of the key trends in the art market in 2011, and reflects on its evolution over the last 25 years. Born from an alliance between artprice, the world leader in art market information founded and directed by thierry ehrmann and its powerful chinese institutional partner artron and amma, the global art market report first semester of 2015, at last provides a perfect reading of the art market from both a western and an eastern perspective.
The contemporary art market 2014 2015 the contemporary art market report 2015 next page artprice is listed on eurolist by euronext paris. Widely regarded as the most comprehensive summary of the art market, the annual tefaf report offers collectors, professionals, and art lovers a global perspective on economic trends in the market. In conjunction with our expansion to the usa in 2016, we have expanded the scope. Clare mcandrew, the report confirms suspicions of a downturn in the international art market. Annual tefaf report says recession is finally over observer. The revelations come in the tefaf art market report 2015, out this week. Online art market sales up despite slowing global art market. Art dealer finance written by anders petterson of arttactic.
Reports on art market trends and art investment artnet. Mar 11, 2015 find out about the new 2015 tefaf art market report which tracks the global art market over the past 12 months. Market inventory new, pending, closed jul15 jun15 jul14. It cannot be guaranteed that the objects currently shown on the website will pass tefaf vetting which takes place shortly prior to the opening of the fair. Jan 22, 2018 tefaf drops art market report january 22 2018. This was always big news ahead of the fair, and generated significant news coverage. Germany and switzerland both held a two percent share of the global art market in 2015, double that of italy and. This statistic shows the distribution of the global art market in 2015, by country. Whilst the traditional auction houses were slow in adapting to. This years tefaf art market report reveals recordbreaking sales of usd53.
Mar 12, 2015 analysis 40 percent of world gallery art sales made at fairs and other key findings in the tefaf art market report 2015. The artprice contemporary art market annual report 20152016 is freely. The closely watched tefaf art market report is widely considered one of the most comprehensive sources of information for worldwide auction sales. The rapid growth in the number of loan providers, from private banks to specialist lenders, could transform the art markets.
Key findings of tefaf art market report 2015 artnet news. Arttactic is delighted to announce the 5th edition of the hiscox online art trade report 2017. A global decline detected according to the tefaf art market. Mar 22, 2017 clare mcandrew, founder of arts economics, discusses art basel in hong kong, her report on the global art market in 2017 and her outlook for the industry.
Tefaf drops art market report art history news by bendor. In her first year as the author of the tefaf global art market report, rachel pownall singlehandedly sliced off a third of the value of the global art market. Find out about the new 2015 tefaf art market report which tracks the global art market over the past 12 months. There were 180 major art fairs with an international element. Total sales of art and antiques in the global art market were down 11% on 2015. Tefaf art market report 2015 reveals an alltime high of usd53.
A 2015 mckinsey survey of the digital luxury landscape states that of the ultra high net. If its a 10 million vincent van gogh as you see below, a original banksy or a 90 crt. Tefaf art market report 2017 artwire press release from. With customized reports that cater to your individual needs, delve deeper into current market events and trends such as artist performance, artwork price rankings, and comprehensive analyses of past auction seasons. The global art market was dominated by the three major art markets of the us 39%, china 22% and the uk 22%, while by sector, post war and contemporary art continued to lead with 48% of all fine art auction sales with sales of modern art accounting for 28% of the global fine art auction market. Gain a better understanding of the art market with analytics reports. Please note that the content on the website may be used for press purposes when covering the tefaf art fair. As tefaf celebrates 30 years, our annual art market report examines the dynamics that shaped the art world. Tefaf art market report 2018 art dealer finance arttactic. Tefaf report reveals art buying trends in china 15 march 2019. The 10 most important takeaways from the 2016 tefaf art. In addition to the tefaf art market report released during tefaf maastricht, this years special focus provides insight into structural developments across the art ecommerce industry. The report is looking at the market from the perspective of both consumer and provider, to.
Clare mcandrew, founder of arts economics, the art market 2019 presents the results of a comprehensive and macro. Chinas ministry of commerce, the report says, is aiming for a target of 18 percent annual growth from 2011 to 2015. This year for the first time, the tefaf art market report has been prepared by professor rachel a. Prepared by dr clare mcandrew founder of arts economics. As tefaf celebrates 30 years, our annual art market report examines the dynamics that shaped the art world in 2016, and gives insight into trends ahead in 2017. Artnet is proud to partner with tefaf to present the tefaf art market report 2017. Since launching the initiative in 2011, we have seen the global art market ebb and flow. Artprices overview of the global art market in h1 2015 usa. Surprising news from melanie gerlis in the ft that the tefaf fair in maastricht will no longer produce its annual art market survey. Tefaf2015 in 2014 the global art market reached its highest everrecorded level, a total of just over 51 billion. Mar 11, 2015 the global art market grew to 51bn in 2014. Tefaf drops comprehensive art market report the art. Tefaf maastricht, distribution of the global art market in 2015, by country. The tefaf report which is actually titled the international art market in 2011, observations on the art trade over 25 years has additional chapters, which relate the history of the art market since 1975.
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