Art Market in 2013: Results of the Year by the TEFAF
ARTinvestment.RU   17 марта 2014

Sale of works of art around the world, not only the auction, but also private, brought in the amount of 47.4 billion euros

Fair TEFAF Maastricht presented its final report on the state of the art market in 2013 , made the art market analyst Clare McAndrew ( company Arts Economics). Bloomberg published excerpts from this report . According to estimates of TEFAF, auction turnover of the global art market in 2013 amounted to 47.4 billion euros (65.9 billion dollars), up 8%, than in 2012 ( 43 billion euros) , and quite a bit less than a record high in 2007 - 48 billion euros . Sales of works of art , thus almost reached their pre-crisis levels . TEFAF includes in its statistics not only the auction , but also private and online sales of art and antiques (for comparison , Artprice in its report counted 12 billion in annual turnover of the global art market - but it's only auction sale and excluding Buyer's Premium).


FRANCIS BACON
Three sketch Lusien Freud . 1969
Christie's. 12.11.2013
Estimate on request ( 85 million dollars )
Result: 142.4 million dollars
Source : christies.com
ENDI
ANDY WARHOL
Silver car crash ( Dual accident ) . 1963
Sotheby's. 13.11.2013
Estimate on request ( 60-80 million dollars )
Result: 105.4 million dollars
Source : sothebys.com

particularly good results were achieved in the segment of postwar and contemporary art , which brought total sales of 4.9 billion euros - 11%more than in 2012 . Were set personal bests on the impressive work of Francis Bacon ( 142.4 million dollars) , Roy Lichtenstein ( 56.1 million dollars) and Andy Warhol ( 105.4 million dollars). " The most expensive works of postwar and contemporary art sale in New York , as in auctions , and private dealer transactions. And buy in New York, not only Americans , but also collectors of Latin America and Asia , "- says Clare McAndrew .

first place in sales of art in the world are the United States - they own 38 %of the global auction turnover ( 5%more than in 2012 ) . In second place , according to McAndrew , turned the art market in China with 24%of the world's auction turnover ( 2%less than in 2012). Closes the three leaders of the United Kingdom ( 20%of the global auction revenue). Statistics Artprice is very different : the French analysts puts emphasis on China ( 34.6 %market share) , followed by the U.S. (33 %), and in third place was also placed art market in Britain (17.3%) . But Artprice, we recall once again , are taken into account only auction sale . And if it makes TEFAF, and consider a private sale , too , the advantage is clearly on the side of the United States .

ROY
Roy Lichtenstein
woman in a hat with flowers.
1963 Acrylic on canvas . 127 × 101,6
Christie's. 15.05.2013
Estimate: more than 30 million dollars
Result: 56.1 million dollars
Source : christies.com
ZhAN-MIShEL
Jean-Michel Basquiat
blurred head (Dustheads). 1982
Christie's. 15.05.2013
Estimate: 25-35 million dollars
Result: 48.8 million dollars
Source : christies.com

According to Claire McAndrew , the number of millionaires in the world last year reached 32 million people , of whom 42 %live in the United States . And about 600,000 millionaires are art collectors medium and high price level. " The global market for art in general little affected major downturns . He strongly diversified. Since the crisis he experienced both ups and downs in different market segments and in different countries , "- says McAndrew .

Art Market in China - the largest of the emerging economies in the world - in 2011 year briefly surpassed U.S. in terms of sales , but in subsequent years, the U.S. once again came out on top . Among the chronic problems of the Chinese art market - regular payment delay or complete refusal to pay lots of buyers to bid at the auction, as well as a high percentage of unsold lots (up to 54 %in mainland China and 44 %in Hong Kong ) . Chinese collectors have become more choosy , they are not willing to buy at inflated prices are not the best work , more attention was paid to issues of provenance and authenticity .

Online sales (small but rapidly growing market segment ) in 2013 brought more than 2.5 billion euros. Market online art sales , including online sales of conventional auction houses, dealer sales , and online auctions in the future may add up to 25%per year , ie by 2020 it could reach 10 billion euros .

Prepared by Mary Onuchina , AI

Sources : bloomberg.com , artinvestment.ru



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Индексы арт-рынка ARTIMX
Индекс
Дата
Знач.
Изм.
ARTIMX
13/07
1502.83
+4,31%
ARTIMX-RUS
13/07
1502.83
+4,31%
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