MARKET OVERVIEW
1.1 Definition and scope of study
The art market refers to the production and trade of works of art and antiques. The art dealer and gallery market focuses on sales by art dealers, which represented 58% of global art sales in 2019, and therefore excludes auctions (42% of global sales) which are the topic of another study.
According to Wondeur AI's classification, the production of works of art is divided between star artists (1% of the world's artists), celebrated artists (1%), established artists (14%) and emerging and under-represented artists (84%).
The art market can also be segmented by category of work (sculpture, painting etc.), by period (contemporary, modern etc.) or by price range.
Worldwide sales by art dealers were worth US$36.8 billion in 2019, a 2% decline from 2018. However, actors with sales of less than 1 million dollars experienced a sharp decline (- 9%) in contrast to those whose sales were between 250,000 and 500,000 dollars (+ 17%).
The biggest challenges for the next 5 years cited by art dealers in 2019 will be to find new customers and to face the economic and geopolitical situation which strongly influences the demand for art.
In the United Kingdom, the art market is affected in particular by Brexit and by the anti-money laundering law that came into force in January 2020 in line with the European directive 5AMLD.
Despite these elements of uncertainty, the UK art dealer and gallery market remains the second largest in the worldand the largest in Europe. In 2020, 71% of art dealers and gallery owners expect their sales to remain stable or increase over the next 5 years.
DEMAND ANALYSIS
MARKET STRUCTURE
ANALYSIS OF THE OFFER
REGULATION
POSITIONING OF THE PLAYERS
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Reviews (5)
The performing arts market - France
Publicado en 22/09/2022 by Anais Reteux
Etude généraliste mais très bien réalisée du marché du spectacle vivant dont on trouve assez peu d'analyse aussi complète.
Businesscoot Response:
Merci infiniment Anaïs pour votre retour. Nous sommes ravis d'avoir été à la hauteur de vos attentes!
The holiday rental market - France
Publicado en 26/04/2022 by MATTHIEU VANDERPERRE - ETS VANDERPERRE
I am very satisfied with the contents of the study which will come to enrich my file of request for financing for a project related to the seasonal hiring
The board game market - France
Publicado en 13/01/2022 by Nicolas Silvani - LudoTech
A good overview of the market that doesn't neglect new market developments and at an affordable price. I am interested in a more in-depth study of new trends and players.
Businesscoot Response:
Hello Nicolas, Thank you for your feedback and we are delighted that this study has given you a good overview of the market.
The board game market - France
Publicado en 15/12/2021 by Client anonyme - Ce client a souhaité rester anonyme
Very useful
Businesscoot Response:
Hello, Thank you for your feedback. We are glad that the study was up to your expectations.
The board game market - France
Publicado en 14/12/2021 by Client Anonyme - Ce client a souhaité rester anonyme
Etude sérieuse avec de bonnes références.
Businesscoot Response:
Merci pour votre retour et la confiance accordée :)