Tefaf since 2002 tefaf has been involved with providing a program of independent research into the art market. February 15, 2015 discovering the durer cipher, other art news elizabeth. Tefaf art market report 2015, art economics i amma art market monitor of. For the sake of consistency, values in that report have been converted into dollars for the purposes of this report. Looking at the recent figures in tefafs latest report, the global art market in 2014 has reached its highest everrecorded level a total value of 51 billion worldwide and a 7% yearonyear increase from the 2007 prerecession level. Tefaf maastricht is widely regarded as the worlds premier fair for fine art, antiques and design. The european fine art foundation tefaf released the 2016 edition of its annual report on the state of the art market on wednesday. However, prathams program statistics reflect data from the 2014 2015 indian school year. Tefaf art market report 2015 reveals an alltime high of usd53. 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, who wrote the tefaf report for years, was replaced by rachel pownall in 2017. The closely watched tefaf art market report is widely considered one of the most comprehensive sources of information for worldwide auction sales. This increasingly diverse base helps to explain why the art market recovered so quickly following the gfc, says dr clare mcandrew, author of the tefaf report. Com tefaf art market report 20 the global art market, with a focus on china and brazil.
The 10day fair attracts about 75,000 visitors and is considered one of the worlds leading art fairs. 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. Tefaf art market report 2016 download ebook pdf, epub. It is our thirtieth fair in maastricht, an important milestone we hope to. The value and volume of sales peaked in 2007 and 2014. Arts economics 2014 with data from artnet and amma2. 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 report presents an analysis of the key trends in the global art. Please note that the content on the website may be used for press purposes when covering the tefaf art fair. After the london auctions, we went to maastricht for the opening day of tefaf maastricht. From ancient mesopotamian rulers to the rockefellers, patrons of the arts have been a facet throughout art history. In addition to the tefaf art market report released during tefaf. The tefaf report which is actually titled the international art market in 2011, observations on the art trade over 25 years has additional chapters, which relate the history of the art market since 1975.
Featuring over 275 prestigious dealers from 20 countries, tefaf maastricht is a showcase for the finest art works currently on the market. Click download or read online button to get tefaf art market report 2016 book now. The art market was considerably affected by the economic recession in 2009, but in the next year it recovered. Tefaf art market report 20 the global art market, with a focus on china and brazil prepared by dr. However, when her methodology is applied to 2015, the market. We surveyed 53 private banks up from 35 in 2014 mainly in europe and 14 family offices mainly in the united states same number as in 2014. Find out about the new 2015 tefaf art market report which tracks the global art market over the past 12 months. 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. This is reflected in the magnificent range of rare works of art that are offered for sale at the fair, which runs from 14 to 23 march 2014 in the mecc maastricht, and in the number of. The global art market with a focus on the us and china. This report presents an analysis of the key trends in the global art market in 20, focusing on the worlds largest art market the us and its fastest growing rival in recent years, china. Tefaf is an annual art, antiques and design fair, organized by the european fine art foundation in the mecc in maastricht, netherlands.
The art market in 2014 broke all existing records, according to the annual tefaf art market report by art economics founder clare mcandrew, which was released today. The tefaf art market report 2015 is a wide ranging report that examines the global art market in 2014 in detail, and 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. The hiscox online art trade report 2014 2 twelve months is a long time in todays art world, and there have been significant developments since our first report from the entry of amazon art into the market, to christies increasing their number of onlineonly auctions from seven in 2012 to 49 last year. This annual report covers the activities of pratham usa during the period of january 1, 2014 to december 31, 2014. As tefaf celebrates 30 years, in this years annual tefaf art market report we take an insightful look into the figures behind the analysis made in previous years to get to grips with the dynamics that are shaping and influencing the world art market in 2016, and give some insight into the trends ahead for 2017. Commissioned by the european fine art foundation, organisers of the. It took over 10 years for the market to really recover from the japanese boom. 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.
The tefaf report estimates that online transactions have reached around 5% of the total market. Although there has been growth across the board, the contemporary art market in. According to a survey conducted by arts economics on premier and secondtier houses in 2012, on average 81 % of sales by value in the toptier houses are made at auction. The 10 most important takeaways from the 2016 tefaf art. 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. Tefaf art market report 2014 the global art market, with a focus on the us and china prepared by dr. Tefaf estimates the value of the 2014 global art market at 51 billion. 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.
Clare mcandrew, the report confirms suspicions of a downturn in the international art market. Tefaf maastricht stand 445, march 14, 2014 march 23, 2014 kasmin gallery is committed to supporting an ongoing intellectual and visual dialogue with influential modern and contemporary artists, representing several generations of internationally recognized artists working in a variety of media. Trade is increasingly crossborder, benefiting the larger names with international reach. This report is not an attempt to provide a complete global overview of art patronage and art philanthropy, but hopefully highlights some of the areas where sharing of data, information and best practice can be helpful. Interim chairman tefaf maastricht tefaf maastricht, the worlds leading art fair, is renowned for its commitment to excellence, exper tise and elegance. The tefaf report also provides an estimate of the overall market sales, including galleries. Tefaf published its view of the art markets for 2014. This growth trend was also evident in the uk which grew 17% in 2014, increased its own market.
These were originally reported in euros and the changes in value and market shares in table 1 and figure 2 are measured in euro terms. 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. Since 2002 the tefaf has been involved with providing a program of independent research into the art market. Annual tefaf report says recession is finally over observer. Dr clare mcandrew presenting the art market report. What does tefaf 2016 art market report tell us about the global art.