Artprice’s indices give an uncompromising view of the Art Market’s health

The week in numbers

 

There are a number of tools to monitor the Art Market – one of which is the price indices. They are certainly the most simple and reliable tool.  Artprice’s indices are the result of the collection and compilation of global auction records, they give an uncompromising view of the Art Market’s health while following auction records quarter on quarter.
This week, Artprice publishes four key figures to better illustrate how useful such indicators are. They come in advance of the publication of the performances of the first quarter of 2017.
77
The number of consecutive quarters during which Artprice has collected global Fine Art auction prices to establish reliable and uninterrupted price indices.
+26%
The global increase in prices of art works since 2000. Comparatively, the S&P 500 recorded a +59% increase over the same period of time.
2008
The Art Market’s terrible year – the price index fell by -28%. It fell by another -13% over the first quarter of 2009 before stabilising.
+2.5%
The evolution of the Contemporary Art prices over the first quarter of 2017. This segment is the only one on the rise – comparatively Old Masters and Modern Art sales are stalled, and 19th Century and Post-war Art sales have recorded a 9% and 3% drop.
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