Understanding the art market landscape
Aston Walbrook has identified numerous artists are embracing the trend of cultivating a following and establishing a continually expanding secondary market for their work. Over the last two decades, the fine art market has displayed notable resilience and growth, often surpassing the performance of many conventional investment options.
In the face of global economic fluctuations and uncertainties, investors are showing a growing inclination towards tangible assets such as art as a means of diversification and potential returns.
'88% of wealth managers advise appointing a part of investment portfolios towards art'
Art & fianance report Deloitte
'The US art market has seen one of the most robust recoveries of all the major markets. Sales bounced back strongly from the pandemic in 2021 and growth continued in 2022 bringing the market to USD 30.2 billion, its highest level to date.'
The Art Basel and UBS Survey of Global Collecting in 2023
'A Boom in the global art market has delivered some eye-popping returns in the past few years, drawing new collectors keen to invest in an asset class that offers cultural as well as financial appreciation...for many investors, the market has grown too big to ignore.'
Bloomberg
‘ART prices were up 211% Between 2003 and 2013 despite the financial crisis of 2008, making art one of the most effective hedges against uncertain times.’
The economist
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