Valuation signs, obsolescence and new parameters
Art Market | Understanding a place in the market necessitates comprehensive and powerful measuring tools. The art world is no exception, and valuation signs seeking to establish models for the profitability of a work or an artist are numerous and diverse. However, with a field of study limited to public auction sales, the pertinence of this type if indicator is questionable : the opacity of the art market is once again underlined.
Illustration réalisée par Stéphane Kiehl / Le Monde
© Stephanekiehl.blogspot.com
State of affairs
From 500,000 collectors in the 1950’s, the art market has reached an estimated size of 70 million « art consumers » throughout the world, according to Thierry Ehrmann. A figure difficult to verify but that nonetheless reflects the exponential growth of a market where demand has grown considerably and buyer profiles have diversified. This phenomenon has been accompanied by the development of valuation indicators - a primordial resource for those who see art a financial asset. Analysis of the market, a sector, an artist or a work : Artprice Global Index, […]
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