Mei Moses Reports the Art Market Continues Decline

The Mei Moses World All Art Index was just updated through April and the report is not good, with a 6% year to date decline.  The report also states the art market is being outperformed by equities.

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We have several big sales coming up in New York and perhaps that will changes the direction, or at least slow the continued decline.  Keep in mind the big London and NY sales typically impact the top end of the market, so it is always goo to also look at results from the day sales, and keep in mind the trophy sales.

Mei Moses reports

The world wide auction art market continued to respond to global economic and political uncertainty differently than equities.  The Year to date decline of 6% in the Mei Moses World All Art Index through April puts it at its low point for the year.  This is slightly worse than the 5.4% decline through march and the 3.3% decline at year end 2012.  Art continued to underperform equities in 2013.

Source: Beautiful Asset Advisors