Confidence_May_2020 (Cover)

Contemporary Art Market Confidence Report – May 2020

No. Pages18
ResearchersLindsay Dewar
Report TypeConfidence Report
MembershipAnalyst Pro
KEY FINDINGS

The Covid-19 crisis pushes art market confidence and short-term outlook into freefall.

The overall ArtTactic Confidence Indicator for Post-War & Contemporary art has dropped 85% since the previous reading in September 2019. Economic uncertainty, coupled with the art market’s inability to function as normal, has thrown the art market into the unknown.

This report gives you the latest update on what experts think is in store for the coming 6 to 12 months, and how the current crisis could affect individual artist markets.  The report includes both a short- and long-term confidence rank for a selected number of both established and on-the-rise contemporary artists.

About this report:

The ArtTactic Art Market Confidence Indicator was launched in May 2005 and is now in its 32nd 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:
1. Gerhard Richter
2. John Baldessari
3. George Condo
4. Sigmar Polke
5. Cecily Brown
Top 5 Short-term artist Confidence Indicator – On-the-Rise Artists:
1. Rashid Johnson
2. Lynette Yiadom-Boakye
3. Dana Schutz
4. Njideka Akunyili Crosby
5. Jonas Wood

 

ArtTactic offers bespoke reports on Post-War & Contemporary artists. For further information and a quote please contact Anders Petterson at  info@arttactic.com.


ANALYTICAL TOOLS:
OVERALL CONTEMPORARY ART MARKET CONFIDENCE INDICATOR
PRICE SEGMENT CONFIDENCE
RISK & SPECULATION BAROMETER
THE ART MARKET GOING FORWARD
ESTABLISHED ARTISTS CONFIDENCE RANKING
ON-THE-RISE ARTISTS CONFIDENCE RANKING
ARTIST CONFIDENCE MAPS

 

Confidence in the contemporary art market has decreased 29% since the previous survey in May 2019.