Tefaf is an annual art, antiques and design fair, organized by the european fine art foundation in the mecc in maastricht, netherlands. 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. This year for the first time, the tefaf art market report has been prepared by professor rachel a. Tefaf art market report 2014 the global art market, with a focus on the us and china prepared by dr. It seems as though the stability that has been achieved since the last art market crash in 2008, may soon cease. The 10 most important takeaways from the 2016 tefaf art. Com tefaf art market report 20 the global art market, with a focus on china and brazil. The increasing importance of the chinese art market has been an acknowledged constant over many years now. Chinas share of the auction business in 2011 was 9. 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.
The 10day fair attracts about 75,000 visitors and is considered one of the worlds leading art fairs. Tefaf art market report 2015, art economics i amma art market monitor of. According to an article about the art market, by london writer mark collettwhite, many market leaders believe that the recovery from the 2009 slump may be shortlived, while other analysts claim that it is likely that the influx of money from chinese investors will enhance the risk. The fair is celebrating its 25th anniversary this year from 16th to 25th of march. A report on current conditions and future scenarios, ed. Market share of the global art market leaders 20062016 united kingdom uk. Since launching the initiative in 2011, we have seen the global art market ebb and flow. The volume of transactions in the global art market also decreased over 2012, falling by just under 4% to 35.
Last year johnny van haeften decided to step down from the ec to. But are these the people who really, really matter in the art market. The closely watched tefaf art market report is widely considered one of the most comprehensive sources of information for worldwide auction sales. The global art market, with a focus on the us and china. For love or for money tefaf art symposium 2012 daily. The european fine art foundation tefaf has discontinued its widely read annual art market study, reports the financial times, meaning that the first word on the size of the market is likely to. Tefaf art market report 20 the global art market, with a focus on china and brazil prepared by dr. The art market in 2012 a dialogue between east and west page. Art as collateral is risky, dealers say in report released.
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. The art market crash and the global economy the art. Global art sales in 2014 break all known records helvoirt, 9 march 2015. Please note that the content on the website may be used for press purposes when covering the tefaf art fair. Velthuis, sternberg presstensta konsthall, berlinspanga. 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 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. According to economist clare mcandrew, who conducted the study, the 46.
Tefaf art market report 20 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. Tefaf art market report 2012 the international art market in 2011. Tefaf drops comprehensive art market report the art. 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 the report, released in march 20, the total size of the global art market, which includes both public auction data and private art dealer sales, is set at about 43 billion, a decrease of 7 % from the 2011 level, with the best performance continuing to be at the top end. 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.
Her latest report, released during maastrichts european fine art fair, finds that in 20 the overall market for art and antiques sold through dealers and auction houses, had its secondbest. The most uptodate report attempting to quantify canadas visual arts market is the tefaf art market report pownall 2017. Since 2002 tefaf has been involved with providing a program of independent research into the art market. Art as collateral is risky, dealers say in report released by tefaf and arttactic artbacked lending to galleries is estimated to account for 8% to 10% of the total market in 2017. The sources of data on the global art market are from artprice, arttactic, and tefaf the european fine art foundation. Tefaf art market report 2017 artwire press release from. An uncaptioned illustration from the tefaf global art market report, photo by loraine. Tefaf art market report 2015 reveals an alltime high of usd53.
The pace and scale of its growth, however, is something that was less foreseen. Slowing economic growth and continuing uncertainty in the global economy filtered down to the art market in 2012 with global sales contracting by 7% to 43. 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. Fine art dominated decorative art in 2012, but some sectors performed more strongly than others. Art dealer finance written by anders petterson of arttactic. We will continue, i believe, to see strong growth in the art market for 20 due to a massive shortage of supply in comparison with an increased demand for highquality work. The art market report released during tefaf maastricht has become an industry standard. Prepared by dr clare mcandrew founder of arts economics. Sales figures for 2012 were adjusted on the previous tefaf art market report. Tefaf report finds 60% of dealers profit from online sales. The tefaf art market report 2015 is a wide ranging report that. A new report from the european fine art foundation tefaf, released in conjunction with the current tefaf maastricht art fair, mar.
Postwar and contemporary art was the largest fine art auction sector, with a 43% share by value, and. 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. Quemin, a 2012, the internationalization of the contemporary art world and market. Tefaf reports confident market, strong sales art fix daily tefaf 2014 artnet news report.
The fact that the chinese art market overtook that of the us in 2011 according to the tefaf art market report 2012 might have surprised many. For the sake of consistency, values in that report have been converted into dollars for the purposes of this report. Chapter 2 the global art market in 2012 17 key findings 19 2. This reduction was mostly driven by a heavy slowdown in the chinese market, with sales falling 24% to eur 10. As the worlds most prestigious art market, new york city provides the ideal context for a tefaf fair outside maastricht. Structure of polish art market in the first half of 2012 by mediums and segments structure of the database. After two years of declining sales, the global market rose 52% to reach a total of 43 billion. The european fine art fair tefaf is an annual art fair held in maastricht, netherlands. 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. Typically published on an annual basis, tefafs annual art market report. The release always coincides with the annual tefaf art fair that takes place in.
This report presents an analysis of the key trends in the art market in 2011, and reflects on its evolution over the last 25 years. The role of nationality and territory in a supposedly globalized sector, in contemporary art and its commercial markets. At tefaf maastricht, the worlds greatest art and antiques fair, you can buy masterpieces of art, antiques and design from 275 of the worlds most prestigious dealers. The annual report is widely regarded as the most comprehensive summary of the art market available. Pownall, who holds the tefaf chair in art markets at the school of business economics at maastricht. 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. Clare mcandrew, the report confirms suspicions of a downturn in the international art market. The european fine art foundation tefaf released the 2016 edition of its annual report on the state of the art market on wednesday. Artnet is proud to partner with tefaf to present the tefaf art market report 2017. According to the data collected and analyzed, 2016 saw the resurgence of the visual arts economy after a few down years internationally.
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