The Art Market 2017 Announcements E Flux Right off the bat, there’s confirmation of what we all suspected: the art market is back. the global art bazaar brought in total sales of $63.7 billion in 2017, which is up from what was reported as a $56.6 billion haul in last year’s report (though that figure has been revised in the new report and listed as $56.9 billion, an upward revision of $300 million). The art market enters a new phase. 2017 marks a return to worldwide growth for the art market. after two consecutive years of contraction ( 10% in 2015 and 23% in 2016), global art auction turnover increased by 20%, equivalent to….
The Art Market 2017 Arts Economics 2017 marks a return to worldwide growth for the art market. after two consecutive years of contraction ( 10% in 2015 and 23% in 2016), global art auction turnover increased by 20%, equivalent to a spectacular turnaround of 40% (absorption of the contraction plus additional growth). this performance is all the more significant as it was generated by a combined recovery of both the western. Contemporary art’s virtuous circle. the historic record of $110.5 million for a contemporary work illustrates the segment’s extraordinary financial potential. the rise of this segment, the art market’s primary growth driver, is fuelled by a virtuous circle that makes contemporary art an omnipresent dimension of our cultural landscape. 3.2 | market share and global distribution of sales 99 3.3 | sales rates and estimates 100 3.4 | a note on the chinese art market 103 3.5 | fine art auction prices 112 3.6 | price segmentation and growth 115 5 art sectors key findings 146 5.1 | the fine art market 148 5.2 | post war and contemporary art 154 5.3 | a note on living artists 168. Szántó introduced the panel by observing how the art market’s soaring value (an estimated $56.6 billion in global sales in 2016, down from a high of $68.2 billion in 2014, according to art basel and ubs’s the art market | 2017) has reconfigured the industry’s relationships, concentrating more power and influence in the hands of the.
The Art Market 2017 Announcements E Flux 3.2 | market share and global distribution of sales 99 3.3 | sales rates and estimates 100 3.4 | a note on the chinese art market 103 3.5 | fine art auction prices 112 3.6 | price segmentation and growth 115 5 art sectors key findings 146 5.1 | the fine art market 148 5.2 | post war and contemporary art 154 5.3 | a note on living artists 168. Szántó introduced the panel by observing how the art market’s soaring value (an estimated $56.6 billion in global sales in 2016, down from a high of $68.2 billion in 2014, according to art basel and ubs’s the art market | 2017) has reconfigured the industry’s relationships, concentrating more power and influence in the hands of the. The lower end of the market could stabilize. optimism regarding the more accessible segment of the art market—works priced below $10,000—swelled for 2017, rising to 56% from 44% in 2016. woodham said some of that momentum could be driven by what he calls “nesters,” people are looking to fill the walls of a newly bought or renovated. According to the latest tefaf art market report released by the european fine art foundation in the netherlands, the world’s auction and private sales in 2016 raised more than $45 billion, up 1.
The Art Market Grew To 63 7 Billion In 2017 And Other Key Takeaways The lower end of the market could stabilize. optimism regarding the more accessible segment of the art market—works priced below $10,000—swelled for 2017, rising to 56% from 44% in 2016. woodham said some of that momentum could be driven by what he calls “nesters,” people are looking to fill the walls of a newly bought or renovated. According to the latest tefaf art market report released by the european fine art foundation in the netherlands, the world’s auction and private sales in 2016 raised more than $45 billion, up 1.
The Art Market 2017 Announcements E Flux
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