Global Art Market Outlook 2016

• Analyst: Anders Petterson
• Pages: 11
• Access: Analyst

Global Art Market Outlook 2016

After record sales in 2014, our last year’s Outlook Report predicted that global art market sales were going to slow down. In 2015, the two biggest contemporary art markets, US & Europe and China experienced a market contraction. This resulted in 7.8% lower sales of Modern and Contemporary art across all the markets covered in this report.

However, whilst Chinese contemporary art has seen auction sales down by 41%. Other Asian markets such as India and Southeast Asia have seen positive sales growth of 14% and 28% respectively.

The Outlook 2016 report covers the Modern & Contemporary Art Markets.  This includes US & Europe, China, India, Southeast Asia, Middle-East, Latin America, Russia and Africa