Contemporary Art Market Confidence Report, October 2018
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- Pages: 16
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KEY FINDINGS
Confidence in the contemporary art market has dropped 24% in the first 6 months of 2018, despite a 27% increase in contemporary auction sales for the same period. It looks like the market has some concerns about the sustainability of the current boom, on the back of increasing economic and political uncertainty.
However, despite these broader fears, the confidence readings for established and emerging contemporary art- ists covered in this report are up 9.3% and 18.9% respec- tively. the emerging artist rank is led by Mark bradford and Njideka Akunyili Crosby.
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’, being 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:
Gerhard Richter
Anselm Kiefer
Marlene Dumas
Thomas Ruff
George Condo
Top 5 Short-term artist Confidence Indicator – Emerging Artists:
Mark Bradford
Njideka Akunyili Crosby
Dana Schutz
Carol Bove
Rashid Johnson