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. Key findings of tefaf art market report 2015 artnet news. This 7% rise means the market as a whole has roughly doubled in value over the past ten years. The tefaf art market report 2015 is a wide ranging report that. Artnet is proud to partner with tefaf to present the tefaf art market report 2017. The 2014 tefaf art market report by dr clare mcandrew had a special focus on the united states. Map inspired by vesconte maggiore daniel crouch rare books.
Find out about the new 2015 tefaf art market report which tracks the global art market over the past 12 months. 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. The hiscox online art trade report 2016 innovarisk. The report will be released on friday but you can download a copy here. Clare mcandrew at tefaf on march 11th 2016 analyses the global art market in 2015.
An artist index can be compared against any of artnets original collecting category indices contemporary c50, impressionist 25, or the modern 25. Please note that the content on the website may be used for press purposes when covering the tefaf art fair. 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. Results over the year, the volume of sales of russian art at auctions worldwide grew by 10% in dollar terms.
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. 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. All county buildings are currently closed to the public. The online art business in this special focus report, we take a look at how ecommerce is irrevocably changing the traditional global art market and examine how vital market players are confronting the opportunities and challenges this upheaval presents. As the european fine arts fair 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. Analysis 40 percent of world gallery art sales made at fairs and other key findings in the tefaf art market report 2015. Whilst the traditional auction houses were slow in adapting. The south asian art market report 2017 yes, the south asian art market still lacks government support compared to other asian art markets chinas for instance, but private foundations are gradually filling the vacuum.
It is my pleasure to submit the annual report of the national endowment for the arts for fiscal year 2015. Arttactic is delighted to publish the first annual report on the indian art market. Tefaf art market report 2017 maastricht university. Sothebys and christies do really well in our newly created online art platform ranking 2016, but have they done enough. This years report comes at a challenging time for both the art market and the wealth. This report uses pooled data presented as graphs and charts to provide an indepth picture of the type, number, and outcomes of art cycles performed in the united states. Tefaf art market report 2015 reveals an alltime high of usd53. Online art market sales up despite slowing global art market. Germany and switzerland both held a two percent share of the global art market in 2015, double that of italy and. A 2015 mckinsey survey of the digital luxury landscape states that of the ultra high net. Tefaf report finds 60% of dealers profit from online sales. Recent market data of tefaf art market report, cited. Chinas ministry of commerce, the report says, is aiming for a target of 18 percent annual growth from 2011 to 2015.
Private bank and family office survey findings 60 artsecured lending 78. Global art market report finds growing gap between best. Cuyahoga county justice center, juvenile justice center, courthouse, and board of elections remain open for essential functions. The more its market becomes internaj tional, the stronger it gets. What the samdani art foundation in dhaka has managed to achieve with the dhaka art summit is a great example. This years tefaf art market report shows that in 2014 the global art market reached its highest everrecorded level, a total of just over 51 billion worldwide, a 7% yearonyear increase taking it above the 2007 prerecession level of 48 billion. The state of the global art market 39 highlights 40 art market outlook 20172018 56 section 2. 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 enter overall the art market flourished in 2016, shifting but not shrinking despite a fall in auction sales in the u.
Key findings d sales of modern art were the second largest, accounting for 28n of. After two years of declining sales, the global market rose 52% to reach a total of 43 billion. National summary report 2015 art report division of. Total sales of art and antiques in the global art market were down 11% on 2015. This year for the first time, the tefaf art market report has been prepared by professor rachel a. Online focus, released thursday, highlight the tension between the promise of reaching a vast global customer base and the challenge of maintaining the relationshipdriven sales approach that has dominated the art market for centuries. Global chinese art auction market past reports artnet. The closely watched tefaf art market report is widely considered one of the most comprehensive sources of information for worldwide auction sales. We also provide some insight into the trends ahead. Prepared by dr clare mcandrew founder of arts economics.
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. The report aims to give an overview of the recent primary market and auction trends, as well as including market confidence data from our 6monthly surveys. Fine artists entrepreneurial business environment econstor. Tefaf art market report 2017 artwire press release from. Anita schiller for compiling the dealer location heat maps, and to kristie. There were 180 major art fairs with an international element. Artprice is the world leader of art market information with a coverage of more than 700,000 artists of fine art with over 30 millions auction results and indices of paintings, drawings, scuptures, photographies, prints and multimedia collected from 6,300 art auction houses worldwide. The two charts after them display the trends in submitted and cleared up tocongestion transactions into the pjm energy market. Tefaf2015 in 2014 the global art market reached its highest everrecorded level, a total of just over 51 billion. The revelations come in the tefaf art market report 2015, out this week the us remains the largest single market with a 39% share at 19. 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. 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. Please visit our online services page for resources and information. Tefaf drops comprehensive art market report maastrichtbased fair organisation deems more targeted reports a greater service to dialogue.
Asia now has the largest share of the global auction market at 40. Ubs and art basel art market report 2019 by widewalls issuu. This statistic shows the distribution of the global art market in 2015, by country. 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. The contemporary art market report 2015 next page artprice is listed on eurolist by euronext paris euroclear. Clare mcandrew, founder of art economics, it is an independent and objective study, analyzing the global art market by looking at its different. The fair truly is an event not to be missed by collectors and museum representatives. Tefaf drops comprehensive art market report the art. The report includes a summary of crossborder flows of art around the world, focusing on key centres in europe, the us and china in 201415 and examines any regulatory changes or other issues that have affected the. The art newspaper is the journal of record for the visual arts world, covering international news and events.
Despite several adjustments and corrections, our price index shows. Based in london and new york, the englishlanguage publication is part of a network of. Market comparisons 12 area sales color maps 1417 paul wilson 2015 gaar president phone. Get a custom version of the art trend report the art trend report features a variety of developments in the modern art world, from the latest posters used in upandcoming ad campaigns, to emerging patterns in painting and pop art. European commission 2017, mapping the creative value chains a study on the. Tefaf report reveals art buying trends in china 15 march 2019. This report presents an analysis of the key trends in the art market in 2010, highlighting its significant recovery in 2010, particularly in china and the us. Global art sales in 2014 break all known records helvoirt, 9 march 2015. Worth clients that have the means to buy art and luxury items, a large.
During the same time, the sales of fine art at auctions in russia fell by almost 25%. How this finding maps onto the claim that women and men make art. Online art market despite a decrease in global art auction sales in 2015, the online art market grew an estimated 24% last year, indicating that the lower end of the art market could be more resilient to a slowdown than works selling in the mid to highend price range. Pownall, who holds the tefaf chair in art markets at the school of business economics at maastricht.
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