Art MarketInsight [Mar 2008]

Artprice publishes its exclusive art market report that more than 6,300 international media and institutions rely on each year. Based on the 5,4 million auction recorded by 2,900 auction houses, "Art Market Trends 2007" is a 44-pages report of macroeconomics and microeconomics analyses updated to match the auction events and the artworks prices evolutions.
This report published by ArtMarketInsight, Artprice’s press agency, in collaboration with Artprice’s econometrics department also includes genuine rankings such as the TOP 500 artists by turnover, the 100 highest auctions of the year.

In 2007, and for the seventh year running, the art market saw an overall rise in prices. Art was already seeing demand from new areas like China, Russia, India and the Emirates but as investing on stock markets or in property appears riskier, new collectors and investment funds are showing interest as they seek out new kinds of alternative investing.[…]

Contents

• Edito • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 5
  
• The speculative bubble on the art market reached its peak in 2007• • • • • • • • • • • • • 6
  
• Suicidal competition • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 9
  
• The United States consolidates it market leader position • • • • • • • • • • • • • • • • • • • •12
  
• London, an ideal terrain for speculation • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •13
  
• China moves up to the number 3 position in the global art market • • • • • • • • • • • • •16
  
• Drouot: last bastion of the French art market?• • • • • • • • • • • • • • • • • • • • • • • • • • • • •20
  
• Is the worst yet to come? The Art Market Confidence Index - a useful tool• • • • • • • • 23
  
• The TOP 10 artists • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 24
  


Art Market Trends 2007
Art Market Trends 2006
Art Market Trends 2005
Art Market Trends 2004
Art Market Trends 2003
Art Market Trends 2002

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