Mei Moses Year End Results

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Mei Moses Fine Art Indexes have just released their year end report, and the All Art Index is up over  10% for the past year, while the equity based Standards and Poor's 500 and FTSE All Shares Total Return Index showed either flat or a slight decline for 2011.  Further data showing that art as an asset class is taking a stronger hold in the market place and in market diversification and asset allocation.

It is interesting to see how many of the tracked sectors were all positive for the year, leading with Traditional Chinese Works of Art at over a 20% increase to the London based traditional index with a 5.7% increase.

Visit the Mei Moses website for more information at www.beautifulassetadvisors.com.  This basic free information, plus in depth analysis in the complete reports are so important for appraisers when tracking the market and writing market analysis.  I highly recommend that art appraisers keep track of the full subscription based periodic reports and analysis from Mei Moses.  The index results are all based upon repeat sales (3,000 for 2011) from Sotheby's and Chrisite's and is perhaps the best indicator in the art marketplace today.

The Mei Moses Press Release States

Our world wide data collection and reporting efforts based on almost 300 Sotheby’s and Christie’s world wide auctions that occurred in 2011 produced over 3000 repeat sale pairs.  These pairs allowed us to create the Mei Moses family of art indexes for 2011 which produced the following results over year end 2010. 

• WORLD ALL ART INDEX UP 10.2%
•  WORLD TRADITIONAL CHINESE WORKS OF ART INDEX UP 20.6%
•  WORLD IMPRESSIONIST AND MODERN INDEX UP 14.0%
•  WORLD POST WAR AND CONTEMPORARY INDEX UP 6.4%
•  WORLD OLD MASTER & 19^TH CENTURY INDEX UP 4.8%
•  NEW YORK BASED LATIN AMERICAN INDEX UP 16.0%
•  NEW YORK BASED AMERICAN WORKS OF ART INDEX UP 13.0%
•  LONDON BASED BRITISH WORKS OF ART INDEX UP 5.7%

 Clearly all these art collecting categories outperformed the year to date returns of the basically flat S&P 500 TR index and the slightly negative FTSE TR all shares index.  It is also interesting to note that the growth this year is at a slower pace than last year for all collecting categories other than impressionist and modern and British paintings which saw substantial relative increases.  It is also interesting to note that traditional Chinese works of art continues to be the best performing category. In addition for the only the second time in the last 10 years the impressionist and modern index positively outperformed the post war index.

Source: Mei Moses Art Indexes, click HERE to visit the site.