If these numbers from Romania Business Insider are to be believed, the Romanian art market is on fire more than doubling from 2009 to 2010 just like markets in the US and UK. What’s more, the numbers could double again this year:
Artmark auction house recorded auction art sales of EUR 5.5 million last year, which makes up for 68 percent of the local art sales, according to data from the company. The company posted EUR 1.8 million in auction sales in 2009, which made 48 percent of the market.
The Romanian market of publicly auctioned art was of EUR 8.1 million in 2010, according to data from Artmarkt and is expected to reach around EUR 10 and EUR 15 million this year.
Artmark Makes 70% of Locally Auction Art Market (Romanian Business Insider)