Citi Releases its Second Art Market Report

Masterworks’ research on returns contributed to Citigroup’s Art Market Report, released late 2019. Citigroup boasts one of the most long-standing art advisory groups in the industry, created for their high-net-worth clients in 1979 by banker turned gallerist, art critic and dealer, Jeffrey Deitch. The group publishes a brief annual report, as well as, periodic in-depth … Continue reading Citi Releases its Second Art Market Report

Art Basel and UBS Annual Art Market Report 2019

The long-standing annual report on the state of the global art market was released a few days ago. Economist Clare McAndrew and team estimated total sales grew 6% year over year to $67.4 billion: its second highest level in the last decade. Roughly 43% of the value in the market was realized through sales at … Continue reading Art Basel and UBS Annual Art Market Report 2019