Welcome to Skate’s Annual Art Investment Report — published by Skate’s Art Market Research since 2006, this report covers global art market trends and provides forecasts for the coming year. In the first part of the report, we have looked at art market as consumer good industry and ranked online art trading platforms operating around the world – Please click here to read Skate’s Annual Report Part 1.
In this second part we focus on the high end of global art market and global art industry companies performance in 2011:
- Skate’s Top 5000 total value reached $30.5 billion, and the ranking’s threshold price broke the $2 million level.
- Average annualized investment returns on the world’s masterpieces peaked at 4.82%, confirming the strong performance of exceptional artworks amidst global economic turmoil.
- Skate’s Art Stock Index had its worst year since 2008, losing 15% in value in 2011. This performance came despite robust auction volumes, with the index’s flagship stock Sotheby’s shedding over one-third of its value in 2011, producing a -35.5% return for its shareholders for the year as of December 23, 2011.
Please click here to read the full article with data.
