I had recently posted that officials from Christie's had a positive outlook on the future of the art market, while Sotheby's was more concerned over what the future holds (click HERE to read the AW post base upon a WSJ article). Beautiful Asset Advisors has recently published its Insights report for financial performance of the art market through July 2012. The information is based upon the performance of the Mei Moses art indexes. There has been a 2.5% decline in the Mei Moses World all Art Index.
This is important information for the appraiser to have when siting market information and market trends within an appraisal report. The full report is available to premium subscribers at BAA. These reports are well worth having and referencing. BAA has special discounts for appraisers.
Beautiful Asset Advisors reports
Source: Beautiful Asset Advisors
THE WORLD WIDE AUCTION ART MARKET CONTINUED TO RESPOND TO THE GLOBAL ECONOMIC WEAKNESS WITH THE YEAR TO DATE PERFORMANCE INDICATING A DECLINE OF 2.5% IN THE MEI MOSES® WORLD ALL ART INDEX. ART CONTINUED TO UNDERPERFORM EQUITIES IN THE LAST FEW MONTHS. THE S&P 500 AND THE FTSE ALL SHARES TOTAL RETURN INDEXES WERE UP OVER 11% AND 3% RESPECTIVELY FOR THE SAME TIME PERIOD
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