Artprice's Overview of the Global Market in H1 2015 - USA Recovers Top Position from China

Aug 03, 2015, 06:36 ET from Artprice.com

PARIS, August 3, 2015 /PRNewswire/ --

Born from an alliance between Artprice, the world leader in Art Market information founded and directed by thierry Ehrmann and its powerful Chinese institutional partner Artron and AMMA, the  Global Art Market Report (first semester of 2015), at last provides a perfect reading of the art market from both a Western and an Eastern perspective.

USA recovers top position from China 

West posts +9% growth 

London: world's second largest marketplace  

Global auction turnover: US$7.6 billion (-5%) 

Major auction houses become highly selective and prices of Market's favourites rocket 

The (18 pages) Report comprises:

Global turnover

Strong growth in the West

The United States recovers first place from China

Contraction of the Chinese Art Market

The United Kingdom on China's heels

More and more buyers... and sellers

USA Leadership

A extraordinary sale... for four reasons

The United Kingdom

London

Sotheby's beats Christie's on its home ground...

China

A growth slowdown in China

Repositioning

France

Lagging behind...

The French market lifted by Chinese artists

Transformation of the Market

Focus on Drouot

Conclusion

This growth has been driven by access to reliable art market information, the dematerialization of art sales (both Internet-related phenomena, with 93% of the art market's players connected) the "financialization" of the market, a colossal increase in the art-consuming population (from roughly half a million in 1945 to around 70 million in 2015), and an expansion of the market to Asia, the Pacific Rim, India, South Africa, the Middle East and South America.

Full Report available free of charge at:

https://artmarketinsight.wordpress.com/2015/08/02/artprices-overview-of-the-global-fine-art-auction-market-in-the-first-semester-of-2015/

or

http://imgpublic.artprice.com/pdf/semestriel_2015_en.pdf

http://www.artprice.com (c)1987-2015 thierry Ehrmann

About Artprice: 

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF.

Atprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 592,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 117 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice's art historians.

Artprice permanently enriches its databanks with information from 4,500 auctioneers and it publishes a constant flow of art market trends for the world's principal news agencies and approximately 7,200 international press publications. For its 3,600,000 members, Artprice gives access to the world's leading Standardised Marketplace for buying and selling art.

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The 2014 Art Market Report contains the famous Artprice ranking of the world's 500 most sought-after artists, the top 100 auction results, market breakdowns by country and by city, by period and by medium, Artprice indices and 21 chapters that provide an uncompromising analysis of the Art Market. It is available free of charge in PDF format at http://imgpublic.artprice.com/pdf/rama2014_en.pdf

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SOURCE Artprice.com