What is the actual amount of the art market? Sellers than public companies and auctions, like silence, so the simple answer for the foreseeable future will not be. We rely on the assessment, and then how many analysts, many opinions

What is the actual amount of the art market? Sellers than public companies and auctions, like silence, so the simple answer for the foreseeable future will not be. We rely on the assessment, and how many analysts here, so many opinions.

A recent report on the status of the art market in 2012, the figures vary. For example, in the annual report of the French website Artprice entire global auction market (no gallery and private sales) is estimated at 12.269 billion dollars. This does not include fees auction houses - the so-called Buyer's Premium (BP), which are usually very solid. But even if we add to the value of the average figure Artprice BP (rounded up 20%), you get $ 15 billion would not be compared with data reported in the report of the Dutch antique fair TEFAF. TEFAF analyst Clare McAndrew evaluates not only the auction market, but also the primary market of gallery sales. She calculates that in 2012 the global art market turnover was 43 billion euros (56 billion dollars). Of them on the private market sales accounted for 52%, or 22.2 billion euros (29 billion dollars). Hence, the auction market are 48%and 20.8 billion euros ($ 27 billion) - almost twice as much as counted Artprice.

But the statistics TEFAF analysts are ready to argue. According to a New York lawyer in the field of art Michael McCullough (Michael McCollough), Clare McAndrew greatly underestimates the market for private sales. This is not the ratio 52%to 48%. Market private deals at least twice as much as the auction market, - says the former Sotheby's consultant McCullough. That is, if the amount of the auction market in 2012 was 27 billion dollars, the amount of gallery sales amounted to $ 54 billion, which means that the total amount of the art market reached 81 billion dollars.

McCullough believes that the secondary (auction) market can not be equal in terms of the primary market (the gallery). If this were so, the art does not remain on the walls would be, and would be going to resell almost immediately after the initial purchase of the gallery. The idea is not without logic, but it is a significant discrepancy. McCullough does not consider that the market for secondary sales fueled by new works for more than a decade. If, say, the artists produce and sell conditional thousand papers a year for 150 years, the total amount they have created over 150 years of work will be 150 thousand. Assume that a third of this amount over the years lost, destroyed, damaged, and even the remaining 100 thousand works - a lot. And if we assume that in the year to the secondary market gets at least every hundredth work, then that's you and thousands of jobs at public auction, that is the same as appears in the primary gallery market.

But even if McCullough and not all rights, his criticism, he raised an interesting topic - how objective or that statistical calculations regarding the art market? Clare McAndrew said little about their methods of counting correspondents Artinfo. Analyst queries about 7,000 dealers, to make allowances for those who are less represented in the sample (which is usually either too modest small dealers who are not in the dealer associations, or too well-known dealers, who did not want to provide information about their sales) and on this basis, paints a more or less realistic picture of the market.

Prepared Maria Onuchina, AI

Source: artprice.com , artinvestment.ru

Editor's comment: If the annual turnover of the auction market can be calculated fairly reliably (here I trust Artprice - in the part relating to the world, and in the parts count ARTinvestment.RU Russian segment of fine art), then on the sales of gallery can argue themselves hoarse. Can be queried 7,000 dealers, as did McAndrew. You can multiply the average annual turnover of the number of galleries in the VIP-sector Antique Salon and adjusted for all the others, as did ARTinvestment.RU. And in the first case it is necessary to deal with the "fishermen", prone to exaggerate, and "tihushnik" prone cry poverty. In the second case, there is no certainty on a number of assumptions. But in both cases, you can get a very rough figures. And who needed here very very high accuracy?

recall that, according to ARTinvestment.RU, auction market turnover of Russian painting and drawing in 2012 amounted to approximately $ 20 million (in 2011 - 13 million). Turnover internal gallery market we estimate to 75-100 million. The annual turnover of the segment of the world of Russian art (including Mark Rothko , Chagall and other artists of the orbit of Russian art) is about $ 450 million (2011 - $ 422 million).

Vladimir Bogdanov, AI