European art fair (The European Fine Art Fair, also known as TEFAF) authorize its exclusive network partner Sina China collection in the world's first report on the global art market, the report reads as follows:
because the United States's strong performance and the tremendous growth in China, 2010 global recovery in art and antiques market has been, in which China has caught up with United Kingdom, leapt to second place for the first time. According to the 2010 global art market: crisis and recovery (The Global Art Market in 2010:Crisis and Recovery) revealed that, compared with last year's all-time low, Chinese art market grew 52%, great changes have also occurred on the geographical distribution. This is the latest report by the European art fair (The European Fine Art Fair, also known as TEFAF) the organizers of the European Foundation for the Arts (TheEuropean Fine Art Foundation) commissioned. March 18, 2011 today —27, TEFAF in Netherlands Maastricht Maastricht Conference and Exhibition Centre (Maastricht Exhibition and Congress Centre, known as MECC).
the report also pointed out that the EU next year will impose a tax on art trade extended to the United Kingdom, and Ireland and the Netherlands, and Austria and other countries, this will prompt a vendor to the field sales, further threatening the already recession of European art and antiques market. This survey report by the economics of the Arts (ArtsEconomics) founder, specializing in fine art and decorative art market research of Claire ·, a cultural Economist; Dr to Prof McAndrew (Dr Clare McAndrew) compiled the report is based on the data from all dealers, auction houses, reservoirs and other institutions or individuals.
&ldquo from 2008 to 2010 period, art and antiques market has evolved from crisis to recovery phase. &Amp;rdquo; the report said. &Amp;ldquo;2009 year, luxury consumption in many countries began to collapse, but in 2010, there have been tentative signs of economic recovery, consumer confidence has rebounded, Chinese consumers brought to many areas of luxury consumption is growing.
“2009 years of bigger than expected contraction in the second half, compared with 2008, art and antiques market in the world dropped 33%, reduced a total of 28.3 billion euros. And in 2007 compared to the peak of the art market, equivalent to shrinking 41%, this was the biggest drop since the early 90 (part one).
“2010 year there have been some significant signs of recovery, particularly in China and the United States, totalling 43 billion euros in the global art market, a 52% over the last year. 2010 trading volume growth more stable (a 13% per cent growth last year), the market turnover growth of mostly expensive art sales growth. &Amp;rdquo;
the report's key findings include:
of the most significant development in recent years, is China's dramatic rise in the art market, since 2009, Chinese works of art trading volumes almost doubled.
2010 year, China became the world's second largest art market, the global share of 23%, surpass for the first time the United Kingdom. In 2010, the total auction of close to 6 billion euros in China.
United States continued to dominate in the international art and antiques market, market share is 34%.
2010 year, the EU's share of total 37% in the global market, with its top down 16% in 2003.
United Kingdom is still Europe's largest art market, 59% per cent of total EU sales, however, 2010 United Kingdom in the global share of 22%, compared with the 2006 down 5%. France is Europe's second, in the total EU sales in the occupied 16%, in 6% per cent of the world total.
< P>high net worth individuals in the region (High Net Worth Individuals) match in number and in Europe for the first time ever, and relatively rich.
global contemporary art market has recovered from the collapse in 2009 fell by up to 66%, United States and China's recovery of the European “ more pronounced ”.
sales in the business of a dealer, 51% is implemented on the global art market, 49% is implemented in the auction house, an average of 30% transactions are done at the art fair. Traditional street gallery began to decline.
the EU introduced a tax plan, by 2012, all Member States sales of works of art, if date from transaction under 70 years of the death of its artist, will impose resale run (resalelevy). The 2010 global art market: compromise and recovery to the study. Has not yet been implemented before the tax of the United Kingdom, and Ireland and the Netherlands, and Austria, and Malta, currently may dispense with this collection. For sales of one of the EU Member States living artists (rather than the newly floated artist) resale of work imposed on run, lines will be greater. The most important non-EU markets, particularly the United States and China, there are no plans to introduce such a tax.
the report for art sales to non-EU markets to avoid the tax cost of the study, found that for the seller, will be any value equal to or greater than EUR 40,000 works of art to New York sales, are worthwhile. From outside the EU to EU Member States currently not levying the tax sale art seller, may also be more inclined to other places for sale.
the report finally concludes: global agreement unless there is a collection of the tax, this tax will bring “ led to further decline in the competitiveness of the European Union, the market further declining risk ”, and endanger the European art market, the employment situation of relevant industries and cultural tourism.
