DOWNLOAD THE SURVEY RESULTS – The Appraiser Workshops Fine and Decorative Arts Market Survey report is now tabulated. Click HERE to download the complete report with charts. An excellent appraisal resource for market trends and analysis.Fellow appraiser Joette Pierce sent me an article from the LA Times about a the national arts index. The index will be used to measures both the arts and entertainment, and is being promoted by the American for the Arts. The current index level of 97.7 (for 2009, the most recent data available) is the lowest the index has been in the past 12 years. The index uses the 2003 as its baseline with a index level of 100.
The article states the index is based upon 81 factors on how Americans spend and donate money to the various art sectors such as non profits, commercial art, books, movies, pop art, concerts, etc.
Unfortunately, the index results and analysis are not positive at all, leaving the arts and entertainment sectors in America with some serious problems
The article states
To read the full LA Times article, click HERE.In the most all-encompassing single measure that feeds into the index, the report says that inflation-adjusted spending on audio and video recordings, movie theaters, educational books, photography, live entertainment (excluding sports) and museum admissions was $157.7 billion in 2009, down 8.6% from its 2006 peak.
The latest attendance and fiscal results paint "a much more dire" picture of the arts than has been seen in the 12 years, said Randy Cohen, head researcher for Americans for the Arts, which consolidated data generated by government agencies, trade associations and nonprofit groups. The latest data available is from 2009.
For the nonprofit arts, chief among a raft of woes are declines in attendance, lower viewership for public television, a drop in donations relative to overall charitable giving and a smaller share of both government spending and the public's discretionary dollars.
"Predictably, the economic landscape is in large part responsible. It wouldn't be a surprise if it drops again next year," said Robert Lynch, president of Americans for the Arts, which is gearing up to try to save federal funding of the arts from being eliminated or drastically slashed in a bid for deep spending cuts that congressional Republicans announced last week.
But the report also shows problems dating back long before the recent recession. In the nonprofit arts, inflation-adjusted revenues rose 21% from 1999 to 2007, but the number of organizations scrounging for a share skyrocketed 60% to 109,000 in 2008. After peaking at $35.8 billion, revenues fell $816 million in 2008.
Perhaps the worst news is that even as the nonprofit and commercial arts have grown in many respects over the last decade, they have continued to lose what the report labels "competitiveness" -- the overall ability to command a "market share" of the public's money and attention. By the study's reckoning, the arts' standing as a competitive force in American life fell nearly 17% from 1999 to 2008. Relying on partial data for 2009, the report estimates that next year's index will show a record 4.6% additional drop in competitiveness.
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