Which market is now up 63% since "the crash"?
The global art market is enjoying a huge resurgence after the economic crash
Paul Fraser Collectibles, Wednesday 21 March 2012
You'll have seen that China has overtaken the US as the world's biggest market for art and antiques.
The statistics from the report commissioned by the TEFAF Maastricht art fair are grabbing the headlines, and are great news for collectors of Asian artefacts.
But I'm more excited by the global figures, which demonstrate that the world's passion for art has made huge strides since the global economic crisis of 2008 and 2009.
According to the report:
· The global art market grew by 7% to $66bn in 2011, with the volume of transactions increasing by 5%
· The global art market has increased by 63% since 2009
The figures reveal the robust nature of the art market these days; it took a decade for the sector to recover following the economic crisis of the 1990s. No such problems this time around.
9.89% pa gains since 1991
While the recent figures are hugely encouraging, it's also important for investors to consider historical numbers to gauge the overall movement of the sector.
They make inspiring reading.
The global art market has grown by 575% since 1991, from just under $10bn to $66bn today. That's an average 9.89% pa.
With such buoyancy and liquidity occurring in the world's art markets, I believe conditions are right for investors looking to profit.
There are a huge number of options to consider.
And you can begin by taking a look at the handpicked items sourced for you by Paul Fraser Collectibles, all chosen with potential gains in mind.
Picasso autographs - Picasso's signature has risen in value from £1,400 ($2,210) to £3,950 ($6,230) since 2000, at a rate of 9.89% pa, according to the PFC40 Autograph Index. We have a Picasso autographed postcard, available now for £3,950 (approx. $6,230).
Dali sketches - In 2011 Dali's 1929 work Portrait de Paul Eluard sold for £13.48m ($20.94m) at Sotheby's - a record for Dali, and 169.6% above its £5m estimate. We have a superb original signed sketch by the Spanish surrealist available right now for just £18,000 (approx. $28,000).
EH Shepard sketches - An original Winnie-the-Pooh sketch by Shepard sold for $194,000 at Bonhams in 2011. Shepard's day job was at Punch magazine. A superb original Punch drawing by Shepard can be yours today for £6,950 (approx. $10,900).
These are just a few ideas to get you started. You can find many more investment-grade pieces of art on our website. Or give my team a call to discuss the great potential of art investment.
Or telephone us on +44 (0) 117 933 9500
Until next week
Recent and related articles
· China overtakes US as world's largest art market with 30% share | 20 March 2012
· Sotheby's revenue up 7% in 2011 thanks to Asian and modern art sales | 19 March 2012
· Marilyn Monroe unseen photographs set hearts racing in Beverly Hills | 19 March 2012
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