The International Art Market: A Survey of Europe in a Global Context.
This report presents an analysis of the key trends in the art market from 2002 through 2006. It records the astonishing growth of the market in recent years, from a global value of €26.7 billion in 2002 to €43.3 billion in 2006, the highest total ever and a boom year for the world’s art market. It also traces the gathering pace of globalisation, showing the rapid ascent of China to become the world’s fourth largest national art market.
The report looks at the major art markets individually in greater detail, namely the UK, France, Germany, the US and China and discusses prices in the art market, focusing specifically on data from fine art auctions and the Contemporary sector. It also looks at the signficant employment generation and economic impact of the European art trade.