Art Market Reports

Be updated of the latest art market reports from reliable sources in the industry. Keep track of regional growth and opportunities.

In A Snapshot: Global Art Market

  • The population of art consumers has risen from 500,000 after the WWII to 70,000,000 in 2017.
  • “30% of Christies and Sotheby’s sales were first time buyers in 2016.” – Artnet
  • “Since 2000, the global art market has grown on average 13 % per year, from $3 billion in 2000 to $16.1 billion in 2017.” – Art Tactic
  • “Works created by Contemporary artists and sold during 2016/2017 yielded an average annual return of +7.6% over an 8-year holding period.” – ArtPrice
  • “For works acquired above the $50,000 threshold, the average annual return is +8.7% on a 7-year holding period.” – ArtPrice
  • The rise of Contemporary Art is essentially focused on four major cities. New York, London, Hong Kong and Beijing alone account for 83% of global Contemporary Art auction turnover. – ArtPrice

In A Snapshot: Contemporary Art Market

Sales of Contemporary Art have returned to a growth path. After this healthy correction, the return to growth became apparent in the first half of 2017 with a +14% growth in global auction turnover signalling a new period of prosperity.

In a global Top 500 dominated by Chinese artists (32%), American artists (19%) and British artists (8%).

In A Snapshot: SEA Art Market

Singapore has invested significant amounts in art infrastructure, with the strategic aim of becoming the region’s art market hub. With the South-East Asian art market growing.

  • Art Stage
  • Affordable Art Fair
  • Singapore Contemporary Art Fair
  • National Gallery of Singapore
  • Singapore Art Museum
  • The Arts House (Old Parliament House)
  • Gillman Barracks

Rapid regional growth in the UHNWI population and wealth, combined with Singapore’s position as a financial and art market hub, point to significant opportunities to grow the Art & Finance market in South-East Asia.

In 2016, South East Asia saw 28% sales growth.

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