Tefaf Art Market Report 2013 Pdf

• Tefaf Report 2018 Pdf
• Tefaf Art Market Report 2018

Tefaf Report 2018 Pdf

Dr Clare McAndrew presenting the Art Market Report. Photo by Loraine Bodewes. Image courtesy TEFAF Maastricht.TEFAF Art Market Report 2015The closely watched is widely considered one of the most comprehensive sources of information for worldwide auction sales. Commissioned by The European Fine Art Foundation, organisers of, the report is researched, compiled and written by, a cultural economist specialising in the fine and decorative art market, who is also the founder of Art Economics.The latest annual report, released in March 2015, reveals that the art market is at an all-time high, with USD53.7 billion traded internationally in 2014.

Below are some highlights and key findings from the report.Seafair-public-art-basel: Miami-beach, USAA polaris ed, top-heavy marketDespite the record-breaking 2014 sales value, sales volume has in fact decreased over the past few years, resulting in a top-heavy market with fewer sales happening at higher prices:. The total value of the global art market has risen by EUR3 billion since 2007. However, only 39 million transactions took place last year, significantly less than the 50 million in 2007. 48 percent of the global total comes from around 1,530 lots, which sold for more than EUR1 million at auction in 2014 (including 96 lots for over EUR10 million). Together, these lots represented only 0.5 percent of the total number of transactions.McAndrew comments on the phenomenon in the Report’s (PDF download):The art market continues to be a highly polarised market, with a relatively small number of artists, buyers and sellers accounting for a large share of value.

Tefaf Art Market Report 2018

However, a promising trend counteracting this to some extent is the growth in online sales, which has encouraged a greater volume of sales in lower priced segments.Rise of online salesAccording to the Report, art e-commerce and internet sales have gained significant momentum, with greater speed of transactions and a wider global reach:Online sales of art and antiques were conservatively estimated to have reached EUR3.3 billion or around 6 percent of all sales by value, with the majority of sales being made in the range of USD1,000 – USD50,000. The highest ranking art-specific sites in 2014 were Art.com, Artspace.com and Gagosian.com. Asia to catch up with art fairsArt-Stage-Singapore-2014 a BIRDS VIEWMeanwhile, art fairs continue to be the giants of the art world. The top 22 fairs garnered over a million visitors in 2014.