Art Basel and UBS Global Art Market Report

The Art Basel and UBS Global Art Market Report is an annual survey on the state of the global art market produced by Dr Clare McAndrew, founder of Art Economics.

It assesses the aggregate performance of auction houses, dealers, art fairs and online sales, drawing conclusions on the overall direction of the art market.

Clare McAndrew

Market report reveals online sales rising despite contraction of art and antiques sector

13 March 2024

Art Basel and UBS report includes 'bright spots' in its economic analysis of a difficult year

Dr Clare McAndrew

Wealthy collectors optimistic as cross border trade grows

02 November 2023

A survey of wealthy collectors revealed optimism for buying art in the future.

Dr Clare McAndrew

UK market rebounds to second spot in latest Art Market Report

10 April 2023

The UK has recovered its second-place spot in the worldwide league table of art and antiques sales, according to the latest report into the global art market.

Dr Clare McAndrew

Art market sales recover, topping pre-pandemic levels, as UK reclaims its second place globally

04 April 2023

Worldwide art and antiques sales increased 3% year-on-year to an estimated $67.8bn (£54.8bn) in 2022, according to the latest Global Art Market Report.

Dr Clare McAndrew

Art fair attendances are bouncing back says report

07 November 2022

Attendance at art fairs around the world is recovering, according to the latest collector survey.

Clare McAndrew of Arts Economics

British art market takes hit from Brexit and VAT, says global report

30 March 2022

The red tape of Brexit and the continued imposition of VAT on art imports is having a material impact on the British art market according to a macro-level analysis of global art commerce.

Dr Clare McAndrew

Smaller dealers see sales dip despite overall improvement according to new report

15 September 2021

Dealers’ sales improved during the first part of the year according to a new report sponsored by Art Basel and UBS, though the results were less positive for smaller businesses.

Online surge as art market fell by 22% says annual trade report

22 March 2021

The impact of the Covid-19 pandemic caused the global art market to contract by nearly a quarter.

Clare McAndrew of Arts Economics

Covid-hit art market shrinks by 22% according to Art Basel report

16 March 2021

Global trade widely affected by pandemic but online sales double in value

Art Basel.jpg

Contemporary and Modern Art dealers switch to online to battle coronavirus impact

09 September 2020

During the coronavirus pandemic, art galleries focused attention on online growth to try to mitigate the impact of closures globally.

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UK remains in second place in global art market league table

05 March 2020

The UK has retained second place ahead of China in sales of art and antiques, according to the latest Art Basel and UBS global art market report 2020.


Global Art Basel/UBS art market report finds five reasons to be cheerful

18 March 2019

The overall art and antiques market reported solid growth last year – though concerns about the year ahead clouded the responses to the 2019 Art Basel/UBS global art market survey.


The latest market forces reflected in Art Basel’s 'The Art Market 2018 Report'

26 March 2018

The global report delivers the bigger picture for auctions and dealers but there are findings relevant to the mid- and lower-markets too.

Art Basel

China overtakes the UK as high-end sales dominate the global art market

14 March 2018

The global art market grew by 12% in 2017 with the expansion driven by high-end sales as China overtook the UK as the second largest market, according to Dr Clare McAndrew’s latest report.


Dr Clare McAndrew: ‘It is very challenging to measure the art market’

25 March 2017

It is not often that market economists agree, and so it goes with the TEFAF Art Market Report’s current and previous authors. Economics is, after all, not an exact science and analysing a market as opaque as art and antiques is certainly problematic.

Dr Clare McAndrew

TEFAF to maintain annual art market report as Clare McAndrew joins Contemporary fair

21 June 2016

TEFAF have said they still will maintain an annual art market report despite losing the services of Dr Clare McAndrew who is joining up with Art Basel.

Clare McAndrew leaves TEFAF to sign with Art Basel

14 June 2016

Economist and author of the annual TEFAF Art Market Report Clare McAndrew has left TEFAF to join with Art Basel, it has been announced.