Arte e Cultura
Artprice: H1 2018 Global Art Market Report - All Indicators Are Positive
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* Public sales of Fine Art (Painting, Sculpture, Drawing, Photography, Prints, Installations)
**In collaboration with Art Market Monitor of Artron (AMMA)
Worldwide, the Art Market grew by +18% in H1 2018, pursuing the growth n H1 2017 (+9%) and confirmed in H2 2017 (+32%).
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At a global level, 262,000 Fine Art lots were auctioned in the first six months of 2018, generating a total product of $8.45 billion (including fees). Artprice, the world leader in Art Market information since 1987, has systematically analysed and digested the results of 3,532 auction sales around the world. This half-year report covers public sales of Fine Art. (painting, sculpture, drawing, photography, prints and installations).
According to thierry Ehrmann, Artprice founder and CEO, " "
The attractive returns on art over the last few years have outperformed many other investments and the Art Market has become an independent, liquid and efficient market on all continents.
by sales product indicates China has acquired, over he years, a significant position in the Art Market and now boasts 128 of the world's 500 most-rated artists, far ahead of the United States (82) and Great Britain (27).
The data pertaining to the Chinese Art market is the fruit of Artprice's 7-year collaboration with its Chinese institutional partner, Artron Group and AMMA (Art Market Monitor by Artron), directed by Wan Jie .
Despite a relatively unfavourable economic context, the global art market has shown signs of buoyancy, driven by a powerful combination of investment logic, speculative buying, passion collecting and insatiable demand for major signatures from new museums around the world.
These growth drivers rely heavily on easy access to reliable Art Market information such as provided by Artprice (pioneer and global leader in the field) and have been boosted by a whole series of underlying phenomena. These include a rapidly spreading awareness that every aspect of participation in the art market, including online sales, can be conducted via the Internet (98% of participants are connected to Internet); a financialisation of the art market's high-end fostered by its stability and transparency; a rapid increase in the art-buying population from roughly 500,000 after 1945 to approximately 90 million in 2018; a significant reduction in the average age of market players and a major geographical expansion of the market to nearly all of Asia , the Pacific Rim , India , South Africa , the Middle-East and South America .
Another massive Art Market driver is the new-era museum industry (700 new museums per year) that has become a significant economic reality in the 21st century. More museums opened between 2000 and 2014 than in the previous two centuries.
Hungry for museum quality works, this sector is one of the primary drivers of the Art Market's spectacular growth. The Art Market is now both mature and liquid, offering yields of 10% to 15% per year on works valued over $100,000 .
Considering these macro- and micro-economic data, the past 18 years have confirmed the Art Market's potential as a safe haven against economic and financial turbulence, generating substantial and recurring yields.
With central banks effectively working in a negative interest rate environment, the Art Market looks very healthy by comparison having posted a 2,108% growth in the annual auction turnover of its Contemporary segment over the past 18 years. The global Art Market has also posted linear growth in the average value of an artwork (Old, Modern and Contemporary) of +25% over the same period. If we look at the Contemporary segment alone, the progression is +88%.
These returns are not just reserved for "star" artists. We find a substantial average annual yield of +9% on works sold above the €20,000 threshold.
The Artprice100® shows a progression of +360% since 2000. About Artprice100® :
https://www.actusnews.com/fr/ARTPRICE/cp/2018/01/31/artprice-launches-its-blue-chip-art-market-index-artprice100-reg-designed-for-financiers-and-investors
The Art Market is an efficient, historical and global market whose capacity to resist economic and geopolitical crises requires is now beyond doubt.
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Copyright http://www.artprice.com thierry Ehrmann 1987/2018
Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF.
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Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice's art historians.
Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world's principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world's leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice's Global Art Market Annual Report for 2017 published last March 2018: https://www.artprice.com/artprice-reports/the-art-market-in-2017
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