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Global art market valued at €43bn

15 March 2013

The latest TEFAF market report values the global art market at €43 billion for the last year. The figure was 7% down the previous year, but the fall is wholly explained by a €3.5bn decline in sales in China.

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TEFAF study values global art market at £40bn

23 February 2009

THE global art market grew by 11 per cent to £40.1bn over the last year, according to the survey just published by The European Fine Art Foundation (TEFAF). The report, prepared by leading art economist Dr Clare McAndrew, is the latest in a series of major studies commissioned by TEFAF that act as a focus for the launch of their annual Maastricht fair – the world’s top such event.

 

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