The report is a forwardlooking report on philanthropic giving to the visual arts, focusing on recent innovations and trends in art patronage, with. This report presents an analysis of the key trends in the art market from its peak in 2007 to one of its lowest points in the decade in 2009. Tefaf maastricht, distribution of the global art market in. After 18 years of numbercrunching, tefaf has discontinued.
Prepared by dr clare mcandrew founder of arts economics. The art market report released during tefaf maastricht has become an industry standard. The 2014 tefaf art market report by dr clare mcandrew had a special focus on the united states and on china. In 2008, total sales in the global market for fine and decorative art reached just over 42. Tefaf art market report the 2019 report on the chinese art market is free to download, though regis tration is requi red. The european fine art foundation tefaf released the 2016 edition of its annual report on the state of the art market on wednesday. Tefafs annual art market reports have provided invaluable insights into how the market is performing and how it is affected by globalisation and other issues. Tef, and summaries are available to download online via the bamf british art market federation website. For decades, the market for works of art has been built around the two art centres of london and new york. Tefaf art market report 2018 art dealer finance arttactic. In addition to the tefaf art market report released during tefaf. Clare mcandrew at tefaf on march 11th 2016 analyses the global art market in 2015.
Tefaf maastricht 2017 buoyant sales and brisk activity. Art dealer finance 2018 presentation and panel discussion, on friday, may 4, 2018, from 10. Whilst the online art market has been riding on the back of an overall art market boom since the financial crisis in 2009, global economic and political uncertainty is expected to test the resilience of online art buyers in 2019. 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. Tefaf new york spring 2018 frieze ny 2018 report following by tomorrow. Mcandrew comments on the phenomenon in the reports press release pdf download. Tefaf has launched a supplemental art market report entitled online focus a trend report which looks at the extent to which the art world is embracing digital opportunities and the impact new technology is having on the art market. A recent publication of the tefaf annual world art market report reveals the latest trends of the industry. Tefaf focuses on online market in addendum to annual art market report findings detail the supply side of the digital sales equation, point toward hybrid models. Com tefaf art market report 20 the global art market, with a focus on china and brazil. A new report from the european fine art foundation tefaf, released in conjunction with the current tefaf maastricht art fair, mar.
Rip the tefaf art market report, which will no longer be produced by the fair. This years tefaf art market report reveals recordbreaking sales of usd53. Among many of its 90 vendors, crosscollecting, or assembling private collections of art from different eras and categories, is a trend now, and tefaf has responded by including 7. On march 6, 2017, the european fine art fair tefaf published its annual art market report. 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. Europes premier art fair, tefaf, has opened in maastricht, expecting 75,000 visitors over the next week. Based on a survey of 541 individuals within the broader art market, 78% of the respondents said they regularly supported charitable and noncommercial arts organisations and initiatives. Art dealer finance written by anders petterson of arttactic. Artnet is proud to partner with tefaf to present the tefaf art market report 2017. Tefaf art market report 2017 more from art market monitor contemporary art back above 2006 sales volume for 1st half of 2010. Their feedback is crucial in helping to provide practical solutions to the most pressing challenges facing the art dealer industry. A platform to present the annual tefaf art market report. Us remains key centre of sales of postwar and contemporary art, while china and us share top spots in the market for modern art.
You find the complete tefaf new york spring 2018 report in the menu under art fairs, or by clicking on the link below. Figures from last year might suggest a resilient market, but a considerable drop in global auction sales may leave auction houses nervous. Art dealer finance, the new report is being written by anders petterson of arttactic and will be launched in new york during tefaf new york spring, which runs from 4. The report showed that the global art and antiques market is almost back to the extraordinary heights of the prerecession boom years.
Art buyers are bidding less at auction houses, dealers are bidding more on online success, and the u. The report is a forwardlooking report on philanthropic giving to the visual arts, focusing on recent innovations and trends in art patronage, with a particular focus on next generational issues. After 18 years of numbercrunching, tefaf has discontinued its. The move has big implications for the opaque industry. Tefaf art market report 2020 art patronage in the 21st century. Behind the scenes at tefaf, the european fine art fair robb. Tefaf report reveals art buying trends in china 15 march 2019. When it comes to industry reports, methodology can make all the difference.
Tefaf have asked maastricht university to prepare their annual art market report 2017, an essential part of the report is understanding the current situation of art dealers in the industry. The report was written by professor rachel pownall, who a. 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. Tefaf art market report 2018 tefaf new york spring. Brodie will speak at the european fine art fair tefaf special featured event, tefaf art market report. However, a promising trend counteracting this to some extent is the. 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. Mar 11, 2016 the european fine art foundation tefaf released the 2016 edition of its annual report on the state of the art market on wednesday. A large majority of the art world donates time, expertise or financial resources to notforprofit art initiatives. 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 a thriving international art business, there was a marked shift to private. Tefaf drops comprehensive art market report the art.
Tefaf new york spring postponed to autumn, swallowing up sister fair. Sales moving away from auction houses to the private sector, both to private sales by auction houses and to dealers. Clare mcandrew, the report confirms suspicions of a downturn in the international art market. The tefaf report makes much of china and its continuing importance as an artmarket sector, headlining its press release with the news that art sales in china overtook those in the u. Art radar looks at tefafs annual art dealer finance report, written by anders petterson of arttactic the analysis tracks the historically illiquid art market from the perspective of both consumer and provider. As tefaf celebrates 30 years, our annual art market report examines the dynamics that shaped the art world. The entities, and partnerships, who get this right and address these matters. The chinese art market, the new report has been written by kejia wu, professor at sothebys.
This year for the first time, the tefaf art market report has been prepared by professor rachel a. After 18 years, tefaf has decided to kill its annual art market report. The global art market outlook for 2014 is extremely bullish, according to the latest tefaf art market report published today by the european fine art foundation. Tefaf runs three fairs internationally tefaf maastricht, which covers 7,000 years of art history. Mar 05, 2018 robb report recently caught up with tefaf ceo patrick van. Mar 14, 2017 tefaf maastricht 2017 buoyant sales and brisk activity market report 14 march 2017 art categories art market art tags market report, tefaf maastricht 2017 tefaf maastricht the worlds leading fine art and antiques fair has reported buoyant sales with brisk activity during the opening days of the event. Condo dealers connect as tefaf report is cancelled. Since 2002 the tefaf has been involved with providing a program of independent research into the art market. Since launching the initiative in 2011, we have seen the global art market ebb and flow. Tefaf presents the tefaf art market report 2020 art patronage in the 21st century written by anders petterson of arttactic. Whilst the traditional auction houses were slow in adapting to.
Four tefaf art dealers in disrepute due to potential forgeries is the vetting procedure at tefaf so watertight that forgeries are kept out of the fine art fair. The report is a forwardlooking report on philanthropic giving to the visual arts, focusing on recent. As an authoritative report our aim is to maintain the position and stance that tefaf has taken as a leader in providing an independent overview of the art market, trade and trends in 2016. Tefaf drops comprehensive art market report the art newspaper. Tefaf focuses on online market in addendum to annual art. Clare mcandrew, the much anticipated annual report tracking global art market movements says 20 was the best year on record, other than 2007, and only just shy of. Tefaf museum restoration fund contributes to conservation projects. Please note that the content on the website may be used for press purposes when covering the tefaf art fair.
Since tefaf began to commission independent reports on the size and structure of the art market in 2000, they have. Online art market sales up despite slowing global art market. Tefaf art market report 2014 the british art market. Tefaf art market report 2014 the global art market, with a focus on the us and china prepared by dr. The report is looking at the market from the perspective of both consumer and provider, to. The sia london library has hard copies of most other recent tefaf annual reports at ab. Key findings of the tefaf art market report 2016 luxembourg.
Contemporary art back above 2006 sales volume for 1st half of 2010. Market after 18 years of numbercrunching, tefaf has discontinued its signature art market report. It records the astonishing growth of the market in recent years, from a global value of 26. Reports art business and art markets libguides at sothebys. One answer comes this week as clare mcandrew, the cultural economist who changed allegiance from the tefaf fair to art basel in june, launches her numbercrunching. 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 tefaf art market report 2015 is a wide ranging report that. 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. Wednesday march 9 marks the release of the tefaf art market report 2016, compiled each year by dublinbased research and consulting firm. 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.
China forms the subject of this years tefaf art market report. The bubble has not burst in art market values, delegates told. The global market for art and antiques may have dropped by seven per cent in sales by value last year, but this is not a signal that the bubble has burst, the art markets leading economist told tefaf 2016 delegates this morning. After the london auctions, we went to maastricht for the opening day of tefaf maastricht.
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. With customized reports that cater to your individual needs, delve deeper into current market events and trends such as artist performance, artwork price rankings, and comprehensive analyses of past auction seasons. If its a 10 million vincent van gogh as you see below, a original banksy or a 90 crt. Since 2002 tefaf has been involved with providing a program of independent research into the art market.
The 2018 tefaf art market report will focus on art finance and will be the first survey of its kind. This statistic shows the distribution of the global art market in 2015, by country. Reports on art market trends and art investment artnet. Global art sales in 2014 break all known records helvoirt, 9 march 2015. On the eve of tefaf, annual art market report casts a. Art radar takes a look at the reports key findings. Confidence in the auction market levels out as primary art market confidence increases by 37%. Tefaf shakes things up with crosscollecting the new. 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.
This report presents an analysis of the key trends in the art market from 2002 through 2006. Tefaf art market report the 2019 report on the chinese art market is free to download, though registration is required. It also considers how blockchain technologies may change the balance of economic power in the art market, integrate art into the financial sector, and whether the art industry is likely to grow more or less consolidated as blockchain. Event has now moved to the dates normally occupied by tefaf new york. This report presents an analysis of the key trends in the global art market in 2012, focusing on two contrasting emerging markets for art, china and brazil. 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. These are just a few of the top art market insights from the 2017 art market report released by the european fine art foundation tefaf. 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. 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 20 the global art market with a focus on china and brazil. Mar 09, 2016 wednesday march 9 marks the release of the tefaf art market report 2016, compiled each year by dublinbased research and consulting firm arts economics, founded by cultural economist clare mcandrew.
The art market 2020, which aims to set a new benchmark for art market analysis, is available for free download. Tefaf presents the tefaf art market report 2020 art patronage in the 21st century written by. Tefaf art market report 20 the global art market, with a focus on china and brazil prepared by dr. The 10 most important takeaways from the 2016 tefaf art. 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. The overall arttactic us and european contemporary art market confidence indicator came in at 70. Four tefaf art dealers in disrepute due to potential forgeries.
Mar 06, 2017 the report will be released on friday but you can download a copy here. European art fair tefaf opens in maastricht news dw. Art market latest art fair to succumb to coronavirus. Gain a better understanding of the art market with analytics reports. Published since 2000, it uses data from auctioneers, dealers, collectors, industry observers, and art sales databases to produce what is the most comprehensive summary of its kind available. Tefaf art market report 2017 artwire press release from. The art fair will no longer attempt to quantify the value of the global art market. Founded in 1988, tefaf is widely regarded as the worlds preeminent organization of fine art, antiques, and design. Following his unfortunate cycling accident in august, ben janssens. 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. These figures include both recourse and assetbased loans.
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