global art market in rude health
Monday 7 July 2025
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Global art market in rude health

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Global art market in rude health

Global art market i
Cairo - Arab Today

Artprice, a French company which tracks art sales worldwide, said that during the first six months of the year art works sold at public auction totalled $7.15 billion ($5.22 billion euros), up on $6.11 billion for the same period in 2013.
"The art market is hungry," Thierry Ehrmann, Artprice's president and founder, told AFP.
"We have gone from 500,000 collectors in the post-war period to nearly 70 million 'art consumers' -- art lovers and collectors -- worldwide," he said.
2013 was a record year for art with sales worth $12.17 billion following a drop in 2012 linked to a contraction in the Chinese market.
Ehrmann said museums and art centres, both public and private, were springing up all over the world, in particular in the Asia Pacific region and to a lesser extent in South America and the Middle East.
The market was in "very good health," with growth being fuelled by this "museum industry" and also by investors, he said.
Against a background of financial volatility, works of art were proving particularly attractive not just to individuals but also to institutional investors and fund managers.
"The market is increasingly mature and liquid, offering yields of between 10 and 15 percent per year for works over 100,000 euros," Ehrmann said.
In the first half of 2014, the US topped the figures with $2.38 billion of art sold, a jump of 28 percent on a year ago and giving it a third share of the world art market.
China slipped to number two after four years on top, with sales of $1.97 billion, an increase of 6.9 percent and giving it a market share of 27.7 percent.
Britain, meanwhile, had a quarter of the market with sales of $1.8 billion, a rise of over 25 percent.
France was at fourth place with sales of $284 million and a market share of 3.9 percent.
The international art market was increasingly focused on the US, China and Britain, with the three countries alone accounting for 86 percent of all global sales, according to Ehrmann
Sorce: Ahram Online

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

global art market in rude health global art market in rude health

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

global art market in rude health global art market in rude health

 



GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 05:17 2024 Wednesday ,07 February

Amazon to open first cashierless shop

GMT 11:14 2017 Saturday ,22 July

Smiley face found on ancient pot in Turkey

GMT 00:49 2017 Friday ,13 January

Meet Cats choreographer Gillian Lynne

GMT 09:57 2016 Tuesday ,08 November

Marks and Spencer: To shut 100 stores in overhaul

GMT 06:37 2012 Wednesday ,21 March

Toxins found in cheap jewellery

GMT 10:30 2015 Monday ,02 March

Designer to the stars dresses disabled catwalk

GMT 08:57 2017 Wednesday ,10 May

Counter terrorism strategies should be compliant

GMT 20:48 2017 Wednesday ,22 March

Sisi reiterates Egypt's support for Lebanon

GMT 06:59 2017 Sunday ,22 October

Philippines' Duterte says he will shoot criminals

GMT 19:57 2018 Tuesday ,23 January

Farm-fresh from Kerala to the UAE, in just one day

GMT 09:36 2018 Wednesday ,10 January

Iran investigates death of young man in custody

GMT 08:51 2017 Tuesday ,15 August

HAAD implements next stage of healthcare reforms

GMT 20:22 2017 Monday ,27 November

Army attacks Saudi-paid mercenaries’ sites in Marib

GMT 08:56 2017 Thursday ,13 July

Reasons of price increase of services

GMT 08:13 2017 Sunday ,13 August

Abdul Hussain Abdul Redha passes away
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice