全球藝術(shù)市場(chǎng)前景及投資研究報(bào)告-培訓(xùn)課件外文版2024.6

INDUSTRIES

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MARKETSArtmarketworldwideCHAPTER

01OverviewSalesvolumeintheartmarketworldwidefrom2007to2023(inmillions)Volumeoftransactionsintheartmarketworldwide2007-20236049.85040302010043.740.539.839.438.83938.137.837.336.836.536.135.535.131.431200720082009201020112012201320142015201620172018201920202021202220234Description:Thesalesvolumeintheartmarketworldwiderosebyapproximatelyfourpercentin2023overthepreviousyear.Despitetheincrease,thenumberoftransactionsintheglobalartmarketremainedslightlybelowthefiguresrecordedbeforethecoronavirus(COVID-19)pandemic,totalingroughly39.4millionin2023.ReadmoreNote(s):Worldwide;2007to2023Source(s):ArtBasel;ArtsEconomics;UBSSalesvalueoftheartmarketworldwidefrom2007to2023(inbillionU.S.dollars)Globalartmarketvalue2007-20238068.267.867.77060504030201006665.964.664.46563.863.763.3625756.756.950.339.5200720082009201020112012201320142015201620172018201920202021202220235Description:Globalsalesintheartandantiquesmarketdeclinedbyfourpercentin2023overthepreviousyear.Overall,thetotalvalueoftransactionsintheartmarketworldwideamountedto65billionU.S.dollarsin2023,decreasingfromnearly68billionU.S.dollarsin2022.Overthesameperiod,thesalesvolumeintheartmarketworldwideincreasedbyfourpercentbutremainedslightlybelowthefiguresrecordedbeforethecoronavirus(COVID-19)pandemic.

ReadmoreNote(s):Worldwide;2007to2023Source(s):ArtBasel;ArtsEconomics;UBSDistributionoftheartmarketvalueworldwidein2023,bycountryGlobalartmarketshare2023,bycountryJapan1%Other8%Spain1%Germany2%Switzerland3%France7%UnitedStates42%UnitedKingdom17%China19%6Description:TheUnitedStateswastheleadingartmarketworldwidein2023,generating42percentoftheglobalartmarketvalue.Thatyear,Chinarankedsecond,accountingfor19percentofglobalsales.TheUnitedKingdomfollowedinthirdplace,representing17percentofthemarket.ReadmoreNote(s):Worldwide;2023Source(s):ArtBasel;ArtsEconomics;UBSShareoftheglobalartmarketvalueheldbytheUnitedKingdomandtheEuropeanUnion(EU27)from2016to2023GlobalartmarketshareintheUKandEU272016-2023UnitedKingdom20%EU2720%25%20%15%10%5%21%21%20%18%17%17%14%13%13%13%12%12%12%11%0%201620172018201920202021202220237Description:TheUnitedKingdomaloneaccountedforapproximately17percentoftheglobalartmarketvaluein2023.Thatyear,the27membercountriesoftheEuropeanUnionmadeup13percentoftheartmarketworldwide.Overall,theUKwasoneofthe?leadingcountriesintheglobalartmarketin2023,whileFranceledtheEUmarket.ReadmoreNote(s):UnitedKingdom,EU;2016to2023Source(s):ArtBasel;ArtsEconomics;UBSCHAPTER

02OnlineartmarketTotalonlinesalesoftheartandantiquesmarketworldwidefrom2013to2023(inbillionU.S.dollars)Globalonlinesalesoftheartandantiquesmarket2013-2023141210813.312.411.8116665.44.94.74.44203.1201320142015201620172018201920202021202220239Description:Totalonlinesalesintheartandantiquesmarketworldwideincreasedbyroughlysevenpercentin2023overthepreviousyear.Overall,thevalueofonlinetransactionsintheglobalartandantiquesmarketremainedsignificantlyhighercomparedtothefiguresreportedbeforethecoronavirus(COVID-19)pandemic,totalingaround11.8billionU.S.dollarsin2023.ReadmoreNote(s):Worldwide;2013to2023;onlinesalesbygalleries,dealers,andauctionhousesSource(s):ArtBasel;ArtsEconomics;UBSAnnualgrowthrateofonlinesalesintheartandantiquesmarketworldwidefrom2014to2023Growthrateofonlinesalesintheartandantiquesmarketworldwide2014-2023120%100%80%106.7%60%41.9%40%20%11.1%201810.2%20176.8%20157.3%20217.3%20234.3%20160%0%-20%-40%-17.3%202220142019202010Description:Onlinesalesintheartandantiquesmarketworldwideincreasedby7.3percentin2023overthepreviousyear.In2023,globalonlineartsalesamountedtonearly12billionU.S.dollars,remainingsignificantlyabovethefiguresrecordedbeforethecoronavirus(COVID-19)pandemic.?Overall,the?artmarketvalueworldwidetotaled65billionU.S.dollarsin2023,experiencinganannualdecline.ReadmoreNote(s):Worldwide;2014to2023;onlinesalesbygalleries,dealers,andauctionhousesSource(s):ArtBasel;ArtsEconomics;UBSShareofartbuyerswhoboughtartand/orcollectiblesonlineinthepast12monthsworldwidefrom2014to2022Shareofglobalartbuyerswhoboughtartviaonlinechannels2014-202290%80%70%60%85%78%67%49%49%49%50%40%30%20%10%0%44%43%38%20142015201620172018201920202021202211Description:Accordingtoaglobalannualsurvey,theshareofartbuyersreportinghavingboughtartand/orcollectiblesonlinedeclinedin2022overthepreviousyear,aftergrowingsharplywiththeonsetofthecoronavirus(COVID-19)pandemic.Overall,78percentofrespondentssaidtohavepurchasedartonlinein2022.Whilethisfiguredenotedadropofsevenpercentagepointsfrom2021,itremainedsignificantlyhighercomparedtopre-pandemicyears.In2022,totalsalesoftheonlineartand[...]

ReadmoreNote(s):Worldwide;2014to2022;18yearsandolderSource(s):ArtTactic;HiscoxTotalsalesvalueofartandcollectiblesnon-fungibletokens(NFTs)worldwidefrom2019to2023(inmillionU.S.dollars)SalesvalueofartandcollectiblesNFTsworldwide2019-2023ArtCollectibles20,00018,00016,00014,00012,00010,0008,0006,0004,0002,000017,75010,2746,3022,8582,3921,1820.6420.19.92019202020212022202312Description:Theglobalsalesvalueofartandcollectiblesnon-fungibletokens(NFTs)decreasedsignificantlyin2023comparedtothepreviousyear.Overall,salesofcollectiblestotaledaround6.3billionU.S.dollarsin2023,denotinga64.5percentdropfrom2022.Overthesameperiod,thevalueofart-relatedtransactionsdeclinedby50.6percent,amountingtoroughly1.2billionU.S.dollarsin2023.ReadmoreNote(s):Worldwide;2019to2023;figuresrefertotheaggregatedvalueofsalesrecordedontheEthereum,Ronin,andFlowblockchainsSource(s):ArtBasel;ArtsEconomics;UBS;Varioussources(NonFungible,NFT18.com)Totalnumberofsalesinvolvinganon-fungibletoken(intheartsegmentworldwideovertheprevious30daysfromApril15,2021toMarch15,2024,bytypesalesintheartsegmentworldwideinthelast30daysMarch2024,bytypePrimarysalesSecondarysales140,000120,000100,00080,00060,00040,00020,000013Description:FromApril2021toMarch2024,thenumberofsalesinvolvingnon-fungibletokens(NFTs)intheartsegmentfluctuatedsignificantly.AsofApril15,2021,roughly28.4thousandNFTsweresoldintheartsegmentduringtheprevious30days.Whiletotalsalespeakedataround117.4thousandasofAugust15,2021,theyhaveexperiencedanoveralldecreasingtrendsincethen.AsofMarch15,2024,theaggregatednumberofsalesrecordedontheEthereum,Ronin,andFlowblockchainsover[...]

ReadmoreNote(s):Worldwide;April15,2021toMarch15,2024;figuresrefertotheaggregatednumberofsalesrecordedontheEthereum,Ronin,andFlowblockchainsduringtheprevious30daysSource(s):NonFungibleTotalvalueofsalesinvolvinganon-fungibletoken(intheartsegmentworldwideovertheprevious30daysfromApril15,2021toMarch15,2024(in1,000U.S.dollars)salesvalueintheartsegmentworldwideinthelast30daysMarch2024PrimarysalesSecondarysales1,000,000900,000800,000700,000600,000500,000400,000300,000200,000100,000014Description:FromApril2021toMarch2024,thetotalvalueofsalesinvolvingnon-fungibletokens(NFTs)intheartsegmentfluctuatedsignificantly.AsofApril15,2021,salesrecordedontheEthereum,Ronin,andFlowblockchainsduringtheprevious30daysgeneratedanaggregatedvalueofaround78millionU.S.dollars.Whilesalespeakedatnearly881millionU.S.dollarsasofSeptember15,2021,theyhaveexperiencedanoveralldecreasingtrendsincethen.AsofMarch15,2024,the[...]

ReadmoreNote(s):Worldwide;April15,2021toMarch15,2024;figuresrefertotheaggregatednumberofsalesrecordedontheEthereum,Ronin,andFlowblockchainsduringtheprevious30daysSource(s):NonFungibleCHAPTER

03AuctionsSalesvalueatpublicauctionsofartandantiquesworldwidefrom2011to2023(inbillionU.S.dollars)Salesvalueatpublicauctionsofartandantiquesworldwide2011-20233532.732.429.929.929.33025201510528.427.627.126.825.425.122.517.90201120122013201420152016201720182019202020212022202316Description:Thesalesvalueatpublicauctionsofartandantiquesworldwidedeclinedby6.3percentin2023overthepreviousyear.Overall,thetotalvalueoftransactionsatglobalpublicauctionsamountedto25.1billionU.S.dollarsin2023,decreasingby1.7billionU.S.dollarsfrom2022.ReadmoreNote(s):Worldwide;2011to2023;figuresexcludeprivatesalesbyauctionhousesSource(s):ArtBasel;ArtsEconomics;UBS;Varioussources(Artory,ARAA(ArtronResearchAcademyofArt),ATG(AuctionTechnologyGroup))RevenueatpublicauctionsoffineartandNFTsworldwidein2023,bycountry(inmillionU.S.dollars)Revenueatfineartandauctionsworldwide2023,bycountryFineartauctionrevenueinmillionU.S.dollars6,000

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10,00002,0004,00012,00014,00016,000UnitedStatesChina5,2004,900UnitedKingdomFrance1,800875Germany372197ItalyIndia152144125JapanSwitzerlandOthers1,135Total14,90017Description:TheUnitedStatesreportedthehighestrevenueatpublicauctionsoffineartandNFTsworldwidein2023.Thatyear,publicauctionsoffineart,excludingantiquesandfurnituresales,heldintheU.S.generatedroughly5.2billionU.S.dollars.ChinaandtheUnitedKingdomfollowedintheranking,with4.9billionand1.8billionU.S.dollarsinfineartpublicauctionrevenue,respectively.ReadmoreNote(s):Worldwide;2023Source(s):Artprice;ArtronDistributionoffineartauctionrevenueworldwidein2023,bysectorGlobalfineartauctionrevenuedistribution2023,bysectorOtherOldMasters5%EuropeanOldMasters4%ImpressionistandPost-Impressionist14%Post-War35%Modern24%Contemporary18%18Description:Post-WarandContemporaryartrecordedthehighestrevenueatfineartauctionsworldwidein2023.Thatyear,thesesectorscombinedgenerated53percentoftheglobalsalesvalueoffineartauctions.Meanwhile,theModernartsectoraccountedfor24percentoftotalrevenuein2023.ReadmoreNote(s):Worldwide;2023Source(s):ArtBasel;Artory;ArtsEconomics;UBSLeadingartistsworldwidein2023,byauctionrevenue(inmillionU.S.dollars)Leadingartistsworldwide2023,byauctionrevenueAuctionrevenueinmillionU.S.dollars200

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4000100500600700PabloPicassoJean-MichelBasquiatZhangDaqianGerhardRichterAndyWarhol596.98238.16230.56214.41198.84ClaudeMonetRenéMagritteYayoiKusamaGustavKlimt197.22192.87189.71169.14157.87QiBaishiEdRuschaJoanMitchellWuGuanzhong114.34112.63107.6619Description:PabloPicassowasthemostvaluableartistatauctionin2023.Thatyear,thecombinedrevenueofPicasso'sworkssoldatfineartauctionsworldwideamountedtoroughly597millionU.S.dollars.Jean-MichelBasquiatandZhangDaqianfollowedintherankingin2023,withtotalauctionrevenueofaround238millionand231millionU.S.dollars,respectively.ReadmoreNote(s):Worldwide;2023Source(s):Artprice;ArtronLeadingPost-Warartistsworldwidein2023,byauctionrevenue(inmillionU.S.dollars)LeadingPost-Warartistsworldwide2023,byauctionrevenueAuctionrevenueinmillionU.S.dollars100050150200250GerhardRichterAndyWarhol214.41198.84189.71YayoiKusamaEdRuscha114.34JoanMitchell112.63CyTwombly102.06DavidHockneyFran?ois-XavierLalanneZaoWou-Ki99.2786.2777.03JasperJohns72.0920Description:GerhardRichterwasthemostvaluablePost-Warartistatauctionin2023.Thatyear,thecombinedrevenueofRichter'sworkssoldatfineartauctionsworldwideamountedtoapproximately214millionU.S.dollars.AndyWarholandYayoiKusamafollowedintherankingin2023,withtotalauctionrevenueofnearly199millionand190millionU.S.dollars,respectively.ReadmoreNote(s):Worldwide;2023;Post-Warindicatesworksbyartistsbornbetween1920and1945Source(s):Artprice;ArtronLeadingultra-contemporaryartistsworldwidein1sthalf2023,byauctionrevenue(inmillionU.S.dollars)Leadingultra-contemporaryartistsH12023,byauctionrevenueAuctionrevenueinmillionU.S.dollars0246810121416MatthewWongDmitriCherniakLoieHollowellJadéFadojutimiAverySinger14.127.115.764.294.063.96TylerHobbsEwaJuszkiewiczLiangHao3.23.14LucyBull2.92.882.662.532.42.272.04AboudiaDiarrassoubaMichaelaYearwood-DanChenFeiSalmanToorMichaelArmitageAmoakoBoafo21Description:Inthefirsthalfof2023,artworksbyMatthewWonggeneratedmorethan14millionU.S.dollarsatpublicauctionsworldwide,makinghimtheleadingultra-contemporaryartistbasedonglobalauctionrevenue.Whenfocusingonlivingartists,DmitriCherniakrecordedthehighestfigureinthefirstsixmonthsof2023,withhislotsfetchingaroundsevenmillionU.S.dollarsatauctions.Ultra-contemporaryartisasub-segmentofthecontemporaryartmarketfocusingonartistsunder40yearsold.

ReadmoreNote(s):Worldwide;H12023;figuresrefertofineartpublicauctions;auctionresultsincludebuyer'spremiumSource(s):ArtpriceLeadingOldMastersartistsworldwidein2023,byauctionrevenue(inmillionU.S.dollars)LeadingOldMastersartistsworldwide2023,byauctionrevenueAuctionrevenueinmillionU.S.dollars20

3001040506070PeterPaulRubensRembrandtVanRijnWangMeng62.2349.2440.56ZhaoMengfu34.55WenZhengmingFranciscoGoyaMichielSweertsGiovanniAntonioCanalZhangJizhi23.7520.8518.6918.1117.2915.38DongQichang22Description:PeterPaulRubenswasthemostvaluableOldMastersartistatfineartauctionsin2023.Thatyear,thecombinedrevenueofRubens'workssoldatfineartauctionsworldwideamountedtoroughly62millionU.S.dollars.RembrandtVanRijnandWangMengfollowedbehindin2023,withtotalauctionrevenueofaround49millionand41millionU.S.dollars,respectively.ReadmoreNote(s):Worldwide;2023;OldMastersindicatesworksbyartistsbornbefore1760Source(s):Artprice;ArtronLeadingfineartauctionsalesworldwidein2023,bypricerealized(inmillionU.S.dollars)Leadingfineartauctionsalesworldwide2023,bypricerealizedPricerealizedinmillionU.S.dollars200406080100120140139.36160PabloPicasso-Femmeàlamontre(Sotheby's-Nov8,2023)108.74GustavKlimt-DamemitF?cher[...](Sotheby's-Jun27,2023)ClaudeMonet-Lebassinauxnymphéas(Christie's-Nov9,2023)Jean-MichelBasquiat-ElGranEspectaculo(TheNile)(Christie's-May15,2023)GustavKlimt-InselimAttersee[...](Sotheby's-May16,2023)74.0167.1153.1952.16FrancisBacon-FigureinMovement(Christie's-Nov9,2023)RichardDiebenkorn-RecollectionsofaVisittoLeningrad(Christie's-Nov9,2023)MarkRothko-Untitled(Yellow,Orange[...])(Christie's-Nov9,2023)WassilyKandinsky-MurnaumitKircheII[...]Sotheby's-Mar1,2023)HenriRousseau-LesFlamants(Christie's-May11,2023)46.4146.4144.7243.5423Description:OnNovember8,2023,auctionhouseSotheby'ssoldPabloPicasso'sartwork"Femmeàlamontre"forroughly139millionU.S.dollars.Thatwasthehighestpricerealizedreportedatfineartauctionsalesthatyear.GustavKlimt'swork"DamemitF?cher(LadywithaFan)",soldbySotheby'sonJune27,2023,recordedthesecond-highestfigure,fetchingnearly109millionU.S.dollars.Thepricerealizedisthefinalauctionprice,includingboththehammerpriceandthebuyer'spremium.

ReadmoreNote(s):Worldwide;2023Source(s):Artprice;ArtronCHAPTER

04AuctionhousesLeadingauctionhousesworldwidein2023,bysalesvalue(inbillionU.S.dollars)Leadingauctionhousesworldwide2023,bysalesvalueSalesvalueinbillionU.S.dollars0123456789Sotheby'sChristie's7.96.21.76HeritageAuctions1Bonhams1.4Phillips1PolyAuction0.990.88ChinaGuardianYongleAuctionCompanySungariInternationalAuction0.310.3125Description:Sotheby'swastheauctionhouserecordingthehighestsalesvalueworldwidein2023.Thatyear,thecompany'stotalsalesfrompublicandprivatechannelsamountedtoroughly7.9billionU.S.dollars.Christie'shadthesecond-highestsalesvaluethatyear,ataround6.2billionU.S.dollars.HeritageAuctions,Bonhams,andPhillipsfollowedintherankingin2023.ReadmoreNote(s):Worldwide;2023Source(s):ArtBasel;ArtsEconomics;UBS;Varioussources(Artory,Artron,ChineseAuctioneersAssociation(CAA))Fineartauctionrevenueofselectedleadingauctionhousesworldwidein2023(inmillionU.S.dollars)Fineartauctionrevenueofselectedleadingauctionhouses2023RevenueinmillionU.S.dollars1,500

2,00005001,0002,5003,0003,5004,0003,800Sotheby'sChristie's3,500Phillips573ChinaGuardianPolyAuctionBonhams539517.7219.3216BeijingRongbao26Description:Sotheby'swastheauctionhousewiththehighestrevenueatfineartauctionsworldwidein2023,generatingroughly3.8billionU.S.dollars.Thatyear,Christie'sreportedthesecond-highestfigure,withfineartauctionrevenuetotaling3.5billionU.S.dollars.ReadmoreNote(s):Worldwide;2023Source(s):Artprice;ArtronTotalsalesofChristie'sworldwidefrom2006to2023(inbillionU.S.dollars)GlobalsalesofChristie's2006-20239878.48.417.47.137.176.66.36.276.225.85.765432105.45.154.674.43.320062007200820092010201120122013201420152016201720182019202020212022202327Description:GlobalsalesofauctionhouseChristie'sdeclinedbyroughly26percentin2023comparedtothepreviousyear.Afterpeakingatover8.4billionU.S.dollarsin2022,thecompany'sauctionandprivatesalesgeneratedapproximately6.2billionU.S.dollarscombinedin2023.?Meanwhile,Christie'sonlinesalesincreasedoverthesameperiod.ReadmoreNote(s):Worldwide;2006to2023;figuresincludeauctionsalesandprivatesalesSource(s):Christie'sTotalsalesofSotheby'sworldwidefrom2004to2023(inbillionU.S.dollars)GlobalsalesofSotheby's2004-2023987687.97.36.075.955.395.255.134.9954.914.735432104.574.474.234.253.752.752.692.282004

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202328Description:GlobalsalesofauctionhouseSotheby'sdeclinedslightlyin2023comparedtothepreviousyear.AfterpeakingateightbillionU.S.dollarsin2022,thehighestfigureeverreportedbythecompanytodate,Sotheby'stotalsalesreached7.9billionU.S.dollarsin2023.Meanwhile,globalsalesofChristie'samountedtooversixbillionU.S.dollarsthatyear.ReadmoreNote(s):Worldwide;2004to2023;figuresincludeauctionsalesandprivatesalesSource(s):ArtBasel;ArtsEconomics;Sotheby's;UBSTotalsalesofHeritageAuctionsworldwidefrom2017to2023(inmillionU.S.dollars)GlobalsalesofHeritageAuctions2017-20232,0001,8001,6001,4001,2001,7601,4501,4001,0008158008738268256004002000201720182019202020212022202329Description:TotalsalesofU.S.-basedauctionhouseHeritageAuctionsexperienceda21percentannualincreasein2023.Thatyear,HeritageAuctions'totalsalesamountedto1.76billionU.S.dollars,thehighestfigurereportedbythecompanytodate.

ReadmoreNote(s):Worldwide;2017to2023Source(s):HeritageAuctionsTotalsalesofPhillipsauctionhouseworldwidefrom2016to2023(inmillionU.S.dollars)GlobalsalesofPhillipsauctionhouse2016-20231,4001,2001,0008001,3001,2001,000916908760.4708.8567.260040020002016201720182019202020212022202330Description:GlobalsalesofauctionhousePhillipsdeclinedbyapproximately23percentin2023overthepreviousyear.Overall,Phillips'auctionandprivatesalesgeneratedaroundonebillionU.S.dollarsin2023,denotinganannualdecreaseofaround300millioneuros.Meanwhile,?globalsalesofChristie'samountedtooversixbillionU.S.dollarsthatyear.ReadmoreNote(s):Worldwide;2016to2023;figuresincludeauctionsalesandprivatesalesSource(s):Phillips;Varioussources(ArtBasel,UBS,ArtsEconomics,Artnet)CHAPTER

05ArtdealersDistributionofartdealersalesvalueworldwidefrom2020to2023,bychannelShareofartdealersalesvalueworldwide2020-2023,bychannelGalleryOverseasartfairsLocalartfairsOnline(internal)Online(viathirdpartyplatform)OnlineartfairsOther120%100%80%60%40%20%0%202020212022202332Description:Gallerytransactionsaccountedfor44percentoftheglobalvalueofartdealersalesin2023,decliningbythreepercentagepointsoverthepreviousyear.Whilecombinedsalesatoverseasandlocalfairsonlyaccountedfor13percentofthetotalvalueinthefirstyearofthecoronavirus(COVID-19)pandemic,theyrepresented29percentofartdealersalesin2023.Meanwhile,salesfromonlinechannelsgenerated23percentofthetotaltransactions'valuein2023.

ReadmoreNote(s):Worldwide;2020to20231Source(s):ArtBasel;ArtsEconomics;UBSDistributionofartdealersalesworldwidein2023,bytypeofbuyerShareofglobalartdealersales2023,bybuyertypeOtherartmarketprofessionals13%Artadvisors2%Interiordesigners3%Privateinstitutions4%Internationalmuseums2%Localmuseums4%Localprivatecollectors52%Internationalprivatecollectors20%33Description:Localprivatecollectorswerethemainbuyersintheglobalartdealermarketin2023,accountingfor52percentofallsales.Bycontrast,onlysixpercentofartdealersalesworldwidecamefromacquisitionsbylocalandnationalmuseums.

ReadmoreNote(s):Worldwide;20231Source(s):ArtBasel;ArtsEconomics;UBSMainchallengesforartdealersworldwidein2023/2024,withaforecastforthefiveyearsaheadLeadingchallengesforartdealersworldwide2023-2024ShareofrespondentsNextfiveyears

2023/202420%0%5%10%15%25%30%35%40%45%36%36%PoliticalandeconomicvolatilityMaintainingrelationshipswithcollectorsCostsofartfairs41%32%24%24%26%IncreasingonlinesalesWideningthegeographicalreachFindingnewartists/works23%22%22%31%20%21%21%Overheads/fixedcosts14%CompetitionwithauctionhousesIncreasingtraderegulationsIncreasedadministrativeburdensExpandingpremisesCompetitionwithothergalleriesDisintermediation12%9%10%9%10%11%7%7%7%5%4%4%Sustainability/reducingourcarbonfootprint2%34Description:Accordingtoaglobalstudyofartdealers,politicalandeconomicvolatilityrankedasthemainchallengein2023/2024,asindicatedby36percentofthesample.Maintainingrelationshipswithcollectorsfollowedinthelistthatyear.While22percentofsurveyedartdealersmentionedthatwideningthegeographicalreachwasamongthebiggestconcernsin2023/2024,thisshareroseto31percentwhenaskedaboutthenextfiveyears.

ReadmoreNote(s):Worldwide;2023/20241Source(s):ArtBasel;ArtsEconomics;UBSNumberofbusinessesintheartdealerindustryintheUnitedStatesfrom2013to2022,withaforecastfor2023BusinessesintheartdealerindustryintheU.S.2013-202325,00022,72122,55022,13222,07921,39621,50021,16920,67320,41820,29820,03920,00015,00010,0005,00002013201420152016201720182019202020212022202335Description:ThenumberofbusinessesintheartdealerindustryintheUnitedStateshasexperiencedadecreasingtrendbetween2015and2022.Overall,therewereapproximately20.3thousandenterprisesinthatmarketin2022.Thenumberofbusinesseswasforecasttodroptoaround20thousandin2023.ReadmoreNote(s):UnitedStates;2013to2023Source(s):IBISWorldCHAPTER

06ArtcollectorsTotalvalueoftheartandcollectiblewealthofultra-high-net-worthindividuals(UHNWI)worldwidein2022,withaforecastfor2026,byregion(inbillionU.S.dollars)ValueoftheUHNWIartandcollectiblewealthworldwide2022-2026,byregionNorthAmericaAsiaEuropeLatinAmericaMiddleEast1,104PacificAfrica1,2001,000800600400200087387465259352897776753544011132022202637Description:Ultra-highnetworthindividuals(UHNWI)aretypicallydefinedasindividualswhohaveanetworthofmorethan30millionU.S.dollars.In2022,thetotalvalueoftheartandcollectiblewealthofUHNWIworldwideamountedtoapproximately2.17trillionU.S.dollars.Thatyear,NorthAmericaaccountedforthehighestshareofthemarket,witharound873billionU.S.dollarsinUNHWIartandcollectiblewealth.Thisfigurewasforecasttoreachanestimated1.1trillionU.S.dollarsin2026.

ReadmoreNote(s):Worldwide;2022Source(s):Altrata;ArtTactic;Deloitte;KnightFoundationShareofaffluentconsumersthatpurchasedartandcollectiblesworldwideasof4thquarter2023,byageShareofaffluentconsumersbuyingartandcollectiblesworldwideQ42023,byageSinglepurchaseMultiplepurchasesNopurchases120%100%80%60%40%20%0%46.8%27.2%62.2%16.3%25.5%21.5%18to39years40yearsandolder38Description:Accordingtoaglobalstudyconductedinthefourthquarterof2023,alowershareofaffluentconsumersagedover40yearsoldhadpurchasedartandcollectiblesintheprevious12monthscomparedtothoseaged18to39.Overall,roughly38percentofrespondentsolderthan40yearsreportedhavingboughtartorcollectibleswithinthepastyear,whilearound53percentofsurveyedaffluentconsumersaged18to39didthesame.

ReadmoreNote(s):Worldwide;Q42023;490respondents;affluentandHNWIconsumersSource(s):AltiantShareofworksheldincollectionsofhighne