Earlier in the week I received the second of three parts from Skate's Annual Art Investment Report. Given the activity in the art market with the London sales and other interesting and topical content I had to wait a few days to get the Skates report posted.
The third part will be published shortly, while part one was published in early January (click HERE for the AW post and link to part I of the report).
The second part of the report is about 40 pages and covers the business of art, information, luxury goods, publicly traded companies in the art industry and banks and art finance. Overall a rather interesting and diverse selection of content on the art market. Well worth downloading and reading the report.
Skates reports on Part II
Click HERE to download the full report.Part 2 of Skate’s Annual Art Investment Report, which also serves as the first issue of the State of the Global Art Industry Report, maps the 100 largest art industry companies that together generate over USD 35 billion in annual sales and employ almost 50,000 people.
With the entire industry being the size of a single Fortune 100 company, the art economy represents an incredible mismatch between the cultural importance of and latent consumer demand for visual arts on the one hand and the existing size of commercial art enterprises on the other. As long as consumers around the world lean to more sophisticated and intellectual products, Skate’s sees bright prospects for the art industry as entrepreneurs and innovators continue to tweak old models and invent new business models to play on the increasing attractiveness of the global arts to global consumers.
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