Industry data

The latest statistics show art and antiques are playing a part in sales growth around the country.

The perceived lack of regulation and transparency in the art market is a source of concern for investment advisers, according to the latest Art & Finance Report 2017.

Released today, Sotheby’s third-quarter results indicated a significant improvement thanks largely to a boost from the latest series of Asian art auctions.

Wine, jewellery, watches and coins are the best performing luxury assets over the past year according to the latest update from a luxury investment index.

The value of musical instruments outpaced the investment in classic cars and fine art last year, according to a survey by a private bank.

Failure by buyers to pay for works of art they have successfully won at auction in China remains a major problem for the industry, according to the latest report.

Sotheby’s revenues for the second quarter of 2017 rose 5% but its profit fell 14% to $76.9m due to a rise in expenses and a decline at its financial services arm.

Christie’s first half results show positive signs for the art auction market after a difficult 2016.

More than $3.1bn of art, antiques and collectables sell online each year but around a fifth of dealers still have no plans to begin selling online, according to a recent report.

Sotheby’s latest set of results for the first quarter of 2017 showed an improvement in its fortunes over the equivalent period last year.

The overall value of online sales in the art market increased by 15% in the last year although many buyers remain unconvinced about purchasing works online, according to Hiscox Online Art Trade Report.