The Easel

The 10 Most Important Takeaways from the 2016 TEFAF Art Market Report

The TEFAF report is kind of the art world’s scoreboard. Global sales in 2015 were down by 7%. US sales made up 43% of the total market but China tumbled, due partly to a crackdown on “elegant bribery”. “Ultra-high end” sales (over $US10m) grew to 29% of turnover. Post-war and contemporary art remains most popular while a generational decline in Old Masters continues. Online sales grew modestly.