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 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. Says art market is in period of consolidation bloomberg meet paddle8s alexander gilkes, art auction disruptor observer. This years tefaf art market report shows that in 2014 the global art market reached its highest everrecorded level. The us was the key centre worldwide for sales of post war and contemporary art with a share of 46% of the market by value. With customized reports that cater to your individual needs, delve deeper into current market events and trends such as. Chinas ministry of commerce, the report says, is aiming for a target of 18 percent annual growth from 2011 to 2015. Tefaf art market report 2017 artwire press release from. 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. Table 6g key economic indicators for hong kong 20002015.
Tefaf report showed a 7% fall in global art sales in 2015. Contemporary art performance in the global art market july 2015 june 2016 for over ten years now the contemporary art segment has been the art markets second most profitable segment with its. Tefaf2015 in 2014 the global art market reached its highest everrecorded level, a total of just over 51 billion. This statistic shows the distribution of the global art market in 2015, by country. Tefaf report reveals art buying trends in china 15 march 2019. The global art market, with a focus on the us and china. Tefafs annual report reassesses the value of the art market. Reports on art market trends and art investment artnet. 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.
In fact, the figures for the contemporary art segment anticipate the general trends outlined and analysed in artprices latest semiannual art market report released in august 2016 freely. The art market report released during tefaf maastricht has become an industry standard. Analytics reports gain a better understanding of the art market with analytics reports. For decades, the market for works of art has been built around the two art centres of london and new york.
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. The report includes a summary of crossborder flows of art around the. On the second day of tefaf 2015, dealers at the maastricht convention center were reporting lively firstday sales. The topflight european fine art fair features 275 exhibitors from 20. The fair truly is an event not to be missed by collectors.
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. 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. Clare mcandrew at tefaf on march 11th 2016 analyses the global art market in 2015. The tefaf art market report 2015 is a wide ranging report that. This years tefaf art market report shows that in 2014 the global art market reached its highest everrecorded level, a. Study finds art market grossed 51 billion in 2014, the highest total ever. Featuring over 275 prestigious dealers from 20 countries, tefaf maastricht is a showcase for the finest art works currently on the market. Key findings d sales of modern art were the second largest. Germany and switzerland both held a two percent share of the global art market in 2015, double that of italy and. Online focus, a supplement to the annual art market report released in march. Art fairs world art market passes 51 billion says 2015 tefaf art market report. Please note that the content on the website may be used for press purposes when covering the tefaf art fair.
The 10 most important takeaways from the 2016 tefaf art. Clare mcandrew has presented the tefaf art market report annually since 2008. Us tops the global art market, china and uk tie at second. The sample consists of 25 auction houses, 1,099 artists. This 7% rise means the market as a whole has roughly doubled in value over the past ten years. Art dealer finance written by anders petterson of arttactic. This report presents an analysis of the key trends in the art market in 2007, focusing on some of the newer emerging markets. Tefaf art market report 2015 reveals an alltime high of usd53. The closely watched tefaf art market report is widely considered one of the most comprehensive sources of information for worldwide auction sales.
The topflight european fine art fair features 275 exhibitors from 20 countries. Global art sales in 2014 break all known records helvoirt, 9 march 2015. Tefaf art market report 20 the global art market, with a focus on china and brazil prepared by dr. 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. Published since 2000, the tefaf art market report promised a global assessment of economic trends in the market and billed itself as the most comprehensive summary of its kind. Tefaf focuses on online market in addendum to annual art. 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. The european fine art foundation tefaf released the 2016 edition of its annual report on the state of the art market on wednesday. Our 16th global art market annual report is once again the fruit of. Com tefaf art market report 20 the global art market, with a. 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. Tefaf maastricht is widely regarded as the worlds premier fair for fine art, antiques and design.
At tefaf maastricht, the worlds greatest art and antiques. As every year, i really enjoy to visit the most important art fair in the world, the tefaf located in my old hometown maastricht, the netherlands. Seeking a fountain of youth for old masters the new york. Artnet is proud to partner with tefaf to present the tefaf art market report 2017. The tefaf report which is actually titled the international art market in 2011. Sixtyfour percent of chinese art collectors bought western european modern and contemporary art in the past five years. 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. 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. Art economics released its report on the global art market during the recession. This years tefaf art market report reveals recordbreaking sales of. Tefaf drops comprehensive art market report the art.
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