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Platinum Art Lending, Finance (non resource), Loan and Art Capital

Christie’s 2009 global art sales

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Christie’s 2009 global art sales total $3.3 Billion, while sales volume decreased on previous years, the stability of the art market and the appetite of the global buying audience were demonstrated by a significant increase in average auction sold rates by lot.



Art Funding Market Worldwide


The Art industry has expanded in the last years to a sector size that has fueled increasing interest. It is now worth over $30 trillion and has an annual turnover of $30 billion (Thompson Financial Data).
This market has its own indices for tracking performances (Mei Moses All Art Index, Art Market Research), indicating that returns are just as attractive as the stock market, if not better.

The sale of art is controlled by the few major international auction houses based around the world (Christies, Sotheby’s, Phillips and Bonhams). In terms of world markets as potential of sales, the US together with the UK account for over half of the world’s trade in works of art (Jyrama).
There is a shift towards art appreciation within the broader consumer base. This assertion continues to be supported by the increase in art fairs and auctions worldwide.

Christie’s press release 28 January 2010:

“Christie’s 2009 global art sales total $3.3 Billion, while sales volume decreased on previous years, the stability of the art market and the appetite of the global buying audience were demonstrated by a significant increase in average auction sold rates by lot.

“2009 was a remarkable year for Christie’s,” said Edward Dolman, CEO of Christie’s International. “Despite the wider economic environment, the art market maintained momentum. The market outlook is confident and is underpinned by the returning dominance of private buyers, from the Americas, the Middle East, as well as Mainland China and Asia”.