Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Dealers Over Auction Houses in 2009

March 7, 2010 by Marion Maneker

The Economist spent some time with Clare McAndrew’s report on the worldwide art market that TEFAF commissioned. They focus on the growth of China in the worldwide art trade but, as an aside, the Economist puts its finger on what may be the most interesting statistic in the report. That’s McAndrew’s estimate that auction makes up as much as 45% of the art trade. Most guesstimates put the auction market at a much smaller portion of global art sales:

Selling art at auction makes up about 45% of the art trade by value, according to Ms McAndrew, and is the basis for a considerable amount of analysis of the art market because much auction-sale data is publicly available. However, Ms MacAndrew who polled some 4,000 auction houses and 5,000 dealers worldwide as part of her research, has uncovered some details that present a slightly different picture. Auction houses were more badly affected by the market downturn than dealers, with sales in 2009 dropping by 46% from the peak two years earlier.

How China Bucks the Trend (The Economist)

More from Art Market Monitor

  • Ask Helly, Guy or NickAsk Helly, Guy or Nick
  • See Sotheby's Sell GiacomettiSee Sotheby's Sell Giacometti
  • What Artists Do the South Americans Want?What Artists Do the South Americans Want?
  • It’s All How You See It in the Latin American Art MarketIt’s All How You See It in the Latin American Art Market
  • Manet in the MoneyManet in the Money
  • Brant’s Warhol Collection: Seeing the StockBrant’s Warhol Collection: Seeing the Stock

Filed Under: Dealers

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Tony Podesta's Secret Art Buying
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Selection Bias In Art Is What Creates Value
  • Aboudia, Zemba Luzamba, Dickens Otieno Anchor Contemporary African Art Sale at Artcurial in Marrakesh
  • Tracey Emin Neon Lights Up Sotheby's 'Contemporary Showcase' Pop-Up
  • How to Chant Like an Auctioneer
  • Sotheby's Pulls in a $9m David Hockney for November
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor