Art Market Correction Statistics - artmarketblog.com Since the beginning of September, the art market has contracted for the first time since 1990. Although it survived 9/11, the meltdown of the global financial system has been too much..
Since the beginning of September, the art market has contracted for the first time since 1990. Although it survived 9/11, the meltdown of the global financial system has been too much for the “pleasure investment” market. The figures speak for themselves
Compared with January of this year, the average prices of publicly sold art works during October contracted 14.5% . Retrospectively, the end of 2007 - beginning of 2008 now looks like the market’s peak.
According to our data, the prices commanded by artists in all segments of the market - from the speculative top-end of the market to the affordable segments (
