Arts and Culture | U.S. Bureau of Economic Analysis (BEA)
WEBMar 25, 2024 · The Arts and Cultural Production Satellite Account released today by the U.S. Bureau of Economic Analysis (BEA) shows that arts and cultural economic activity, adjusted for inflation, increased 4.8 percent in 2022 after increasing 10.8 percent in 2021.
The Art Market Is Rebounding—but Only at the Top
WEBApr 10, 2023 · Last year, many high-profile art sales made headlines: Andy Warhol’s iconic Marilyn Monroe portrait, for example, brought in $195 million, becoming the most expensive 20th-century painting...
The Art Market Recap 2023 | Artsy
WEBDec 12, 2023 · For those who keep a close eye on the art market, 2023 has been characterized by one word: correction. After a slew of blockbuster sales and record-breaking spending in 2022, many believed that 2023, with its persistent economic uncertainty, would be the year of relative retrenchment.
Art market worldwide - statistics & facts | Statista
WEBMay 16, 2024 · Worldwide. The art market has proved more than once its resilience to global disruptions. Over the past 15 years, it managed to recover quickly from the hit of big economic challenges like...
5 Themes That Will Define the Art Market in 2024 | Artsy
WEBJan 5, 2024 · How positive economic forecasts could boost the art market. Despite 2023 being a year of high interest rates, stubborn inflation, and lingering uncertainty throughout the global economy, it ended on a marginally better note than many might have expected.
The Art Basel and UBS Global Art Market Report
WEBWritten by renowned cultural economist Dr. Clare McAndrew, founder of Arts Economics, and published by Art Basel and UBS, The Art Market 2021 presents the results of a comprehensive and macro-level analysis of the global art market in 2020, including a survey examining the behaviors of high net worth (HNW) collectors, conducted by Arts ...
The economics of ridiculously expensive art - The Conversation
WEBNov 27, 2017 · Research shows paintings aren’t always good investments. Sky-high prices paid for high-end art are likely due to other factors.
Arts & Cultural Sector Hit All-Time High in 2022 Value Added to …
WEBMar 25, 2024 · The overall arts economy grew by 4.8 percent in inflation-adjusted dollars between 2021 and 2022, a rate increase far surpassing that for the entire U.S. economy during the same time period. Since the pre-pandemic year of 2019, arts and cultural industries have surged by 13.6 percent.
How Collector Demand Impacts an Artwork’s Value | Artsy
WEBApr 3, 2019 · How do the core economic principles of supply and demand apply to the art market? And what causes collectors to change their relative demand for a given artwork or artist?
US inflation rates are rising at the fastest pace ... - The Art …
WEBNov 22, 2021 · Art market economists warn US may soon reach a state of stagflation not seen since the 1970s - and buying art might not help investors. Over the past 12 months, prices in America have increased...
Skip to content