China is in second place after the U.S. and the UK supersedes
The international art market grew 52% last year and has a shift in geographical distribution: China is already the second largest, behind the United States. In 2010, China's cultural diplomacy with force entered the Dutch fairs like Art and Antiques of Maastricht (TEFAF) to strengthen its prestige abroad. Now, the huge growth in the Asian power has been relegated to the UK in the third position. The British remain, yes, its leadership in Europe. These data are from the report entitled "The Global Art Market in 2010, Crisis and Recovery", commissioned by the European Foundation of Art to cultural economist, Clare McAndrew. Among its findings are yet another surprising details. For example, the fact that more affluent collectors are no longer just Europe. Those in the Asia-Pacific are equal in number, and are even more rich. "
The report shows the "clear market recovery after the crisis recorded between 2008 and 2010." "Throughout 2009, there was a severe contraction of the market in the field of selling luxury goods. In 2010, however, consumer confidence recovered, especially the Chinese." According to the economist McAndrew, accounting figures, the recovery in 2010 is about 43,000 million euros. "The volume of transactions grew moderately in the same period (13%). And sales of expensive works in turn increased the market value."
Sales outside the EU McAndrew
also looks at EU plan to extend, from 2012, and all member countries, the tax on the works of artists who died in the 70 years prior. At present, this rate does not apply in Ireland, United Kingdom, Austria, Malta and the Netherlands. As the United States and China do not plan to introduce a bill similar, the study raises the possibility that the collectors decide to sell their parts outside the European Union. Or send them to third countries, also without charge. "Failure to reach an agreement on a global scale, this could damage the EU's position in the art market."
Considering that generated a 51% gallery Global sales of art (the auction houses by 49%). And that 30% of business is ventilated galleries at art fairs, the same report notes that "the decline of public galleries."
Source: http://www.elpais.com/articulo/cultura/mercado/arte/crecio/52/2010/elpepucul/20110315elpepucul_5/Tes
The international art market grew 52% last year and has a shift in geographical distribution: China is already the second largest, behind the United States. In 2010, China's cultural diplomacy with force entered the Dutch fairs like Art and Antiques of Maastricht (TEFAF) to strengthen its prestige abroad. Now, the huge growth in the Asian power has been relegated to the UK in the third position. The British remain, yes, its leadership in Europe. These data are from the report entitled "The Global Art Market in 2010, Crisis and Recovery", commissioned by the European Foundation of Art to cultural economist, Clare McAndrew. Among its findings are yet another surprising details. For example, the fact that more affluent collectors are no longer just Europe. Those in the Asia-Pacific are equal in number, and are even more rich. "
The report shows the "clear market recovery after the crisis recorded between 2008 and 2010." "Throughout 2009, there was a severe contraction of the market in the field of selling luxury goods. In 2010, however, consumer confidence recovered, especially the Chinese." According to the economist McAndrew, accounting figures, the recovery in 2010 is about 43,000 million euros. "The volume of transactions grew moderately in the same period (13%). And sales of expensive works in turn increased the market value."
Sales outside the EU McAndrew
also looks at EU plan to extend, from 2012, and all member countries, the tax on the works of artists who died in the 70 years prior. At present, this rate does not apply in Ireland, United Kingdom, Austria, Malta and the Netherlands. As the United States and China do not plan to introduce a bill similar, the study raises the possibility that the collectors decide to sell their parts outside the European Union. Or send them to third countries, also without charge. "Failure to reach an agreement on a global scale, this could damage the EU's position in the art market."
Considering that generated a 51% gallery Global sales of art (the auction houses by 49%). And that 30% of business is ventilated galleries at art fairs, the same report notes that "the decline of public galleries."
Source: http://www.elpais.com/articulo/cultura/mercado/arte/crecio/52/2010/elpepucul/20110315elpepucul_5/Tes
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