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Contemporary Art Market Confidence Report – November 2020
- Analyst: Lindsay Dewar
- Pages: 18
- Access: Analyst Pro
Contemporary Art Market Confidence Stages a Sharp Recovery from May
The latest Confidence Indicator reading came in at 44.7, up from 6.4 at the last reading in May 2020. Although more experts still remain negative than positive to the Contemporary art market’s development over the coming 6 months, the initial fear of a complete meltdown of the art market has been unfounded and bodes well for a further recovery from the initial damage caused by the pandemic.
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 indicators for 79 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 33rd 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.
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