Analysts Dutch antiques fair TEFAF published their report on the situation of the traditional art market. Speed ​​of Chinese art market fell by a quarter, which allowed the U.S. to regain the lead

eve of the Dutch antique fair TEFAF published a report on the status of the traditional art market in the past year. The report for 2012 prepared by the analyst Clare McAndrew (Clare McAndrew). The report decreased turnover of Chinese art market, about in the past month, analysts have already written the art market . Auction sales in China fell by an impressive 25%, to 10.6 billion euros. Reason for the decline in the auction market in China TEFAF analysts see a slowing of economic growth and limited liquidity, as well as a weak flow of the art market works by top-class. In 2012, the Minister of the auction market China moved many art funds, and investors-speculators.

As a result, the U.S. had regained the lost status as a leader of the world art market.

Share of America in the global art market is 33%(14.2 billion euros) to China, so goes the second place (25%), followed by Great Britain is a 23%participating interest. The total volume of the global art market, as calculated by McAndrew, is 43 billion euros. This is 7%less than in 2011, when the market stood at 46.3 billion euros.

particular demand in 2012, enjoyed a post-war and contemporary art: this sector accounts for 43%worldwide sales of fine art. It is followed by the sector of modern art (30%). Private and dealer sales declined by 4%to 22.2 billion euros.

Prepared Maria Onuchina, AI

Sources : artdaily.com , artinvestment.ru