Contemporary Art Market Confidence Report – May 2019
|Report Type||Confidence Report|
The short-term confidence in the contemporary art market has increased by 6% since the previous survey in September 2018, with the Economic Indicator recovering 29% in the last 9 months, as some of the main risks have been staved off for now.
The short-term confidence readings for established and emerging contemporary artists covered in this report are up 6% and 1% respectively. The emerging artist rank is led by Mark Bradford and Njideka Akunyili Crosby, whereas the established contemporary artist rank is topped by Marlene Dumas and Neo Rauch.
About this report:
The Arttactic Art Market Confidence Indicator was launched in May 2005 and is now in its 40th edition. the survey is modelled on a similar methodology to the CEO confidence Survey that was launched in 1976 by the Conference Board in the US. We believe that the opinions of a small group of select ‘art insiders’; collectors, auction houses, advisors and other art professionals provide a valuable insight into the perception about the current and future state of the art market.
Who is it for?
This report is popular among dealers, auction houses, art advisors and collectors, who want to get an in-depth understanding of both established and emerging contemporary artists.
Top 5 Short-term artist Confidence Indicator – Established Artists:
Top 5 Short-term artist Confidence Indicator – Emerging Artists:
Njideka Akunyili Crosby
OVERALL CONTEMPORARY ART MARKET CONFIDENCE INDICATOR
PRICE SEGMENT CONFIDENCE
RISK & SPECULATION BAROMETER
ESTABLISHED ARTISTS CONFIDENCE RANKING
EMERGING ARTISTS CONFIDENCE RANKING
ARTIST CONFIDENCE MAPS