Global Art Market

I. Overview of the world's art market The art world and the art market In recent decades, as the world's sales revenue grows, the art market has become very popular. People begin to join more and more frequently and pay attention to the art world. For example, museums have acquired more visitors than ever, the number of tourists visiting art museums around the world is rapidly increasing, and more people are willing to engage in arts related occupations. In general, the art world is wider than the art market.

ArtTactic is a London based research company that is constantly trying to reveal the art market of a complex and unstable world. One of the main achievements is a forecast of the world art marketplace held once every two years: 119 experts (including auction experts, collectors, agencies, consultants) Trust in the art market Have been investigated and selected carefully). In 2016, the value of the UK auction market after the war and contemporary art (the historic leader in the most popular category) recorded the first low in six years, so recovery from 2017 (+ 32.9% to 58900 A thousand pounds) was welcomed. In addition, the total sales for Christie's, Sotheby's, Phillips in October was the highest turnover (173.3 million pounds) in the month.

Last year, world art market activity achieved record income of $ 15.2 billion. According to Mr. Pearson, "The art market is one of the world's largest unregulated markets, accounting for one-third of drug and gun crime.The system blurs the source of work, Mr. Smith Explain that this block chain can open the general investment channel to the performance asset class which realizes the open art market, thereby allowing democratization of ownership, thereby obtaining only individuals with very high net worth "Although these asset classes are excellent in risks and returns, the public can not enter ... Imagine the unprecedented flow of funds to art.The possibility of the second Renaissance there is."