Global Art Market Rebounded to Pre-Pandemic Levels in 2021 with $65 B. in Sales, Art Basel UBS Report Says
The 2020 total was $50 billion.
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Clare McAndrew
Galleries Recoup Vast Job Losses Amid ‘Resilient’ Market: Art Basel UBS Report
Penned by economist Clare McAndrew, the report surveyed some 700 international galleries.
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2021 Art Basel Global Market Report Reveals 22 Percent Drop in 2020 Sales to $50 Billion
The international market has seen a return to a level between 2009 and 2010, the years of the last major recession.
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Report: Global Art Market Shows Signs of Growth for Second Year in a Row
The study from Art Basel and UBS claims $67.4 billion worth of art was sold in 2018.
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The ARTnews Accord: Dominique Lévy and Cheyenne Westphal in Conversation
Meeting during Art Basel, the two market machers discussed the art ecosystem, developments in Asia, how fairs operate, and more.
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Let’s Hang: With Space-Sharing Programs, Galleries Band Together to Battle an Uncertain Market
At a time when smaller spaces are struggling with the cost of doing fairs, gallery shares like Condo represent attractive financial models.
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Global Art Market Grows for the First Time in Two Years, According to Art Basel Report
"Stronger consumer confidence and increased supply" made for better sales, its author, Clare McAndrew, said.
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Clare McAndrew, Leading Art Market Economist, on Her Defection to Art Basel
It’s not so often that a bit of news about a market report can overshadow the opening of Art Basel, the cornerstone of the fair circuit that’s become so integral to the business of buying…
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Morning Links: Colonial Williamsburg Edition
According to the latest annual report commissioned by The European Fine Art Fair (TEFAF), written by the economist Clare McAndrew, the art market is at an all-time high, with more than…
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$25 Billion and Counting
Auction sales are what one dealer calls the "visible part of the iceberg." But how big is the rest of it? According to dealers, auction house experts, and other advisers, the private art market is…
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