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THE CURRENT STATE OF THE ART MARKET

A LOOK AT WHAT THE TEFAF ART MARKET REPORT HAS TO SAY FOR 2017: The European Fine Art Foundation, better known as TEFAF, has recently released its art market report – the prime measuring tool to measure the global art market’s health. This year’s edition was spearheaded by Professor Rachel A. J. Pownall and it confirms initial suspicions of a drop in the international art sales, along with a number of positive highlights for specific sub-sectors. Professor Pownall holds the TEFAF Chair in Art Markets at the School of Business Economics of Maastricht University, and the Van Gogh Chair on Art Finance and Museum Management at the TIAS School for Business and Society. According to the report, which was written in partnership with...

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