reveals the latest trends in the market, examines the evolution of the market and identifies the major economic, technological, cultural and demographic forces which have changed the way that art is bought and sold worldwide. It also presents innovative approaches to sourcing, funding and displaying works of art and its influential participants outline how the world of tomorrow will differ from today, spelling out the implications for those buying, selling and collecting art. One of the key findings of the report is that China has overtaken the United States as the world’s biggest market for art and antiques ending decades of American domination.

Prepared by Dr. Clare McAndrew
© 2011 TEFAF
Only available as digital document!

A change in luxury spending habits caused by the recession has helped the international art and antiques market weather the global economic storm. This is revealed by this report commissioned by TEFAF in 2010. Wealthy buyers have been switching away from expensive cars, yachts and jets in favour of assets with long-term tangible value such as art and antiques. These 'investments of passion' have meant that, although the world market in art and antiques has suffered during the economic downturn, it has performed far better than expected. This TEFAF study examines the global art and antiques trade, focusing particularly on the period from 2007 to 2009. The research follows a major study sponsored by TEFAF in 2007/08, The International Art Market: A Survey of Europe in a Global Context, which analysed the global art trade from a macroeconomic perspective from 2002 through 2006. The report has been prepared by Dr Clare McAndrew, a cultural economist specialising in the fine and decorative art market and founder of Arts Economics.

 

This research follows a major study sponsored by TEFAF in 2007/2008, The International Art Market: A Survey of Europe in a Global Context. It was carried out to investigate further the speed with which the art markets of China and the other emerging economies of India, Russia and the Middle East have developed and the impact of the new collectors from their rapidly growing economies. The study addresses some of the important issues that may shape the art market going forward in the current climate of global economic turmoil.

© 2009 TEFAF

The report reveals a huge growth in the market with sales almost doubling to €43.3 billion in the four year period up to 2006. Dr McAndrew’s research also showed that, although auction houses tend to dominate newspaper headlines, dealers have a 52% share of global art sales and fairs are emerging as an increasingly important method of selling. The report has been prepared by cultural economist Dr Clare McAndrew and gives key insights into trends in the international art market.

91 pages, in English
ISBN/EAN 978 90 75375 11 4
© 2008 TEFAF

A compilation of essays, written by distinguished authors, on the theme of the art market and its interaction with the world of the arts in general. They highlight the often underestimated contribution that art dealers have made towards art historical scholarship; the key role played by the art market in disseminating new artistic ideas; how museums relate to the market and the close ties between artists and dealers.

72 pages, in English
ISBN 90 75375 08 5
© 2004 TEFAF
Only available as digital document!

A detailed survey of the European art market in 2002, carried out by Kusin and Company. The report was commissioned by TEFAF with the support of the BAMF, le SNA and CINOA and shows that, although Europe accounts for 45% of the €26.7 billion global art market, its share since 1998 has declined by over 7% in favour of the U.S. The report attributes much of this decline to EU regulations, which have undermined European competitiveness.

56 pages, in English
© 2002 TEFAF
ISBN 90 75375 06 9

A detailed survey of the European art market in 2002, carried out by Kusin and Company. The report was commissioned by TEFAF with the support of the BAMF, le SNA and CINOA and shows that, although Europe accounts for 45% of the €26.7 billion global art market, its share since 1998 has declined by over 7% in favour of the U.S. The report attributes much of this decline to EU regulations, which have undermined European competitiveness.

56 pages, in German

© 2002 TEFAF
ISBN 90 75375 06 9

A detailed survey of the European art market in 2002, carried out by Kusin and Company. The report was commissioned by TEFAF with the support of the BAMF, le SNA and CINOA and shows that, although Europe accounts for 45% of the €26.7 billion global art market, its share since 1998 has declined by over 7% in favour of the U.S. The report attributes much of this decline to EU regulations, which have undermined European competitiveness.

56 pages, in French 
© 2002 TEFAF
ISBN 90 75375 06 9

The system of VAT, established under the European Union’s harmonisation programme, was criticised for imposing an administrative and fiscal burden on the art market that discouraged growth and competitiveness. TEFAF, supported by Ernst & Young, have undertaken a study in order to examine this in more detail.

80 pages, in English
© 2003 TEFAF

A study of the size and structure of the European art and antiques market with specific analysis of the twin threats to the trade – import VAT and droit de suite.

52 pages, in English
© 2000 TEFAF