Arts Economics is a research and consulting firm focused exclusively on the art economy. We carry out bespoke research and analysis on the fine and decorative art market for private and institutional clients. We also specialise in the analysis of arts-related policy, taxation and regulation for private and public sector bodies, assessing their impact on the art trade, artists’ incomes and the wider economy. Currently, our main strands of research cover macro-economic art market studies, economic impact studies, micro-level artist and sector analyses, and art finance and investment-related services.
Arts Economics was founded by Dr Clare McAndrew, a cultural economist specialising in the arts, antiques and collectibles markets. Clare set up Arts Economics in 2005 to focus her efforts on art market research and analysis, and works with a network of private consultants and academic scholars in providing research and consulting services to the global art trade and financial sector.
Clare has published widely on the economics of the art market, including producing an annual macro-economic report on the global art market since 2005. This global art market report was published by The European Fine Art Foundation (TEFAF) from 2005 to 2015. Since 2016, the annual research has been commissioned by Art Basel and UBS and The Art Market, An Art Basel & UBS Report has become the industry’s benchmark report on all of the major trends in the global market for art and antiques.
Clare holds a PhD in economics from Trinity College Dublin. She maintains some academic research, including particular interests in risk and investment, arts-related policy and artists’ careers. Clare wrote and lectures a course entitled Art Market Economics for Christie’s Education and has been a guest lecturer on the Master’s program at Trinity College Dublin in the Trinity Irish Art Research Centre (TRIAC) as well as lecturing in finance and taxation in the art market at the University of Zurich (Executive Master in Art Market Studies).