Art market for the second consecutive year demonstrates a significant decline. According to analysts Bloomberg, the overall level of sales in 2016 dropped to a level since the financial crisis, the income of the auction houses from selling fine art and Antiques fell by 11% and amounted to 56.6 billion dollars.
The sellers are starting 2017 cautiously, hoping that soon the economic and political situation in key countries around the world stabiliziruemost. Buyers, for their part, see fine art and Antiques as “relatively calm Harbor, among other things, of impermanence” and increase the price of objects of art coming onto the market, takes an overview of Intermedia.
At the same time, compared with previous years, a growing interest in impressionist, modern, the works of postwar and contemporary art. Christie’s auction house has earned 332,8 million dollars to Asian art.
“It is significant that increased by 5% only a segment of the old school, and at the expense primarily of the ancient Chinese masters. I hope soon will be the crooks and ignoramuses who carried on the nonsense buying her for millions. His Majesty the Time puts everything in its place”, commented the international venture investor Alexander Shulgin.