Tefaf art market report 2017 artwire press release from. The largest sector in the fine art market in 2014 was postwar and contemporary art, defined as artists born after 1910, which the united states dominated. The global art market, with a focus on the us and china. Typically published on an annual basis, tefaf s annual art market report provides an opportunity to shine a light onto an area of the market that is underresearched or in the process of change. 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. This increasingly diverse base helps to explain why the art market recovered so quickly following the gfc, says dr clare mcandrew, author of the tefaf report.
Art radar brings you some highlights from the report. Jun 29, 2017 the findings of the tefaf art market report. 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. In this, the latest tefaf report on the international art and antiques market, dr clare mcandrew of arts economics analyses the 47. The sources of data on the global art market are from artprice, arttactic, and tefaf the european fine art foundation. As tefaf celebrates 30 years, in this years annual tefaf art market report we take an insightful look into the figures behind the analysis made in previous years to get to grips with the dynamics that are shaping and influencing the world art market in 2016, and give some insight into the trends ahead for 2017. Please note that the content on the website may be used for press purposes when covering the tefaf art fair. According to economist clare mcandrew, who conducted the study, the 46. Tefaf report finds 60% of dealers profit from online sales. A new report from the european fine art foundation tefaf, released in conjunction with the current tefaf maastricht art fair, mar. The hiscox online art trade report 2014 2 twelve months is a long time in todays art world, and there have been significant developments since our first report from the entry of amazon art into the market, to christies increasing their number of onlineonly auctions from seven in 2012 to 49 last year. Global art sales in 2014 break all known records helvoirt, 9 march 2015. The global art market reached a total of just over 51 billion in 2014, an increase of 7% yearonyear and its highest ever recorded level.
Another art fair, west bund art and design fair, was founded in shanghai. Tefaf focuses on online market in addendum to annual art. Art dealer finance written by anders petterson of arttactic. The reports breakdown of figures reveals the united states as the top player in the global art market, with china and the united kingdom at second place. A question which is hard to answer but we have tried to pull together some facts from the past four years to get a clear picture what is actually happening in the art market and where we can expect it to move in 2018. This report presents an analysis of the key trends in the global art market in 20, focusing on the worlds largest art market the us and its fastest growing rival in recent years, china. A pdf version of the artprice contemporary art market report is downloadable from in french and english. 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. Online focus, a supplement to the annual art market report released in march. It took over 10 years for the market to really recover from the japanese boom. Although the dealer market for online sales of art and antiques is currently small, the growth stated by dealers in the tefaf art market report 2017, released in march 2017 during tefaf maastricht, is high at 18. 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. Dr clare mcandrew presenting the art market report.
The 2014 tefaf art market report by dr clare mcandrew had a special focus on the united states and on china. This years tefaf art market report reveals recordbreaking sales of usd53. Com tefaf art market report 20 the global art market, with a focus on china and brazil. Tefaf drops comprehensive art market report the art. Mar 11, 2015 the global art market grew to 51bn in 2014. What does tefaf 2016 art market report tell us about the global art. Tefaf drops comprehensive art market report the art newspaper.
The art market report 20142018 tamn the art market newsmag. Portrait statues made in diorite, limestone, and calcite were commissioned by gudea and today can be found in major museums such as the louvre in. The 10 most important takeaways from the 2016 tefaf art market report, artnet news mar. This is a significant amount for a cashstrapped art sector. The report is looking at the market from the perspective of both consumer and provider, to. Modern art dominates the highend market with 8 of the top10 results 159 european artists ranked in the top 500, versus 153 asian and 93 north american abstract art reached new heights with. After two years of declining sales, the global market rose. Mar 11, 2019 modern art dominates the highend market with 8 of the top10 results 159 european artists ranked in the top 500, versus 153 asian and 93 north american abstract art reached new heights with. Artnet is proud to partner with tefaf to present the tefaf art market report 2017. This 7% rise means the market as a whole has roughly doubled in value over the past ten years. The us is the leading market place for sales of the highest priced art and antiques in the world. 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. 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.
Pownall, who holds the tefaf chair in art markets at the school of business economics at. For the sake of consistency, values in that report have been converted into dollars for the purposes of this report. That, at least, is the highlevel takeaway from the tefaf 2017 global art market report, which will be released on monday to chart the health of the global art market in 2016. Price index evaluated for the mosttraded polish painters. This year for the first time, the tefaf art market report has been prepared by professor rachel a. 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. The global art market, with a focus on china and brazil. Tefaf art market report 2018 art dealer finance arttactic. 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. The closely watched tefaf art market report is widely considered one of the most comprehensive sources of information for worldwide auction sales. Art and culture forms a small subsection of the landscape for philanthropic giving. Featuring over 275 prestigious dealers from 20 countries, tefaf maastricht is a showcase for the finest art works currently on the market. Tefaf maastricht 2018 check out our tefaf maastricht 2018 report here in our art fairs section to read who is at the fair, what they have in their booths and, quite important, at which prices, and what they sold so far with lots of images so that you can get a clear picture of the fair and the art the are showing this year.
Tefaf art market report 2015, art economics i amma art market monitor of. Since launching the initiative in 2011, we have seen the global art market ebb and flow. 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 tefaf art market report 2014 the global art market with a focus on the us and china. The report showed that the global art and antiques market is almost back to the extraordinary heights of the prerecession boom years.
This site is like a library, use search box in the widget to get ebook that you want. 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. An early example of art patronage to create legitimacy can be found in ancient mesopotamia, where gudea, lord of lagash r. After two years of declining sales, the global market rose 52% to reach a total of 43 billion. Tefaf maastricht is widely regarded as the worlds premier fair for fine art, antiques and design. Since 2002 tefaf has been involved with providing a program of independent research into the art market. At this years fair tefaf will also dip tie in silk twill etriviere attache case. 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. The 10 most important takeaways from the 2016 tefaf art market report. Commissioned by the european fine art foundation, organisers of the. The german, italian, spanish and chinese versions are. Click download or read online button to get tefaf art market report 2016 book now. Us remains key centre of sales of postwar and contemporary art, while china and us share top spots in the market for modern art.
Sales figures for 2012 were adjusted on the previous tefaf art market report 20 due to sales in china reported late to. The 10day fair attracts about 75,000 visitors and is considered one of the worlds leading art fairs. Tefaf art market report 2014 the global art market, with a focus on the us and china prepared by dr. The 10 most important takeaways from the 2016 tefaf art. The european fine art fair tefaf in maastricht today 29 june released its art market report. The report is looking at the market from the perspective of both consumer and provider, to provide a better understanding of this highly opaque aspect of the art industry, the report will explore how dealers source capital in an historically illiquid market, examine the solutions and. According to giving usa, private support for art and culture in the us, only accounts for 4. Going dutch telegraph art worlds cream rises at maastricht ny times tefaf reports confident market, strong sales art fix daily tefaf 2014 artnet news report. In 20 sales in the art market in the us by dealers and auction houses reached a total of 18. Saintromain au mont, france, mar 3, 2015 acn newswire 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 directed by wan jie, the th global art market annual report at last provides a perfect reading of the art market from. Nov 23, 20 tefaf art market report 2014 the global art market, with a focus on the us and china prepared by dr. Since 2002 the tefaf has been involved with providing a program of independent research into the art market. Tefaf is an annual art, antiques and design fair, organized by the european fine art foundation in the mecc in maastricht, netherlands.
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