|ArtTactic Report: Confidence Returns to Autumn 2007 level|
||After reaching a low point in November 2008, the ArtTactic Confidence Indicator for the US and European contemporary art markets has strengthened significantly.For the first time since May 2008, the current confidence level have broken through the 50-level. With a reading of 58, the Indicator is currently standing 4% higher than the reading in November 2007, shortly after the first signs ofthe credit crisis emerged.|
- Contemporary art market confidence returns to autumn 2007 level, however uncertainty about the sustainability of the global economic recovery remains
- Both primary and auction market confidence are now in positive territory, signalling that we could see further uplift inthe market from current levels.
- The US and European contemporary art market is likely to rebound quicker than anticipated a year ago, with 47% believing it has already rebounded or is likely to do so within ayear.
- Speculation risk remains subdued, and there is no signals yet that speculators are returning to the market.
Artists Confidence Indicators & Longevity Ratings included in the report for the following artists:
Andreas Gursky, Bill Viola, Cindy Sherman, Damien Hirst, Elisabeth Peyton, Franz Ackermann, Glenn Brown, Jake & Dinos Chapmans, Jeff Koons, Jeff Wall, Kai Althoff, Luc Tuymans, Marlene Dumas, Matthew Barney, Maurizio Cattelan, Mike Kelley, Neo Rauch, Olafur Eliasson, Paul McCarthy, Peter Doig, Richard Prince, Rosemarie Trockel, Takashi Murakami, William Kentridge, John Baldessari, David Salle, Fischli & Weiss, Cecily Brown, George Condo, Franz West, Gerhard Richter, Gilbert & George, Anish Kapoor, Vik Muniz, Sol Le Witt, Dan Flavin, Ellsworth Kelly, Robert Rauschenberg, Luican Freud, Keith Haring, Jean-Michel Basquiat, Piero Manzoni, Cy Twombly, Yves Klein, Donald Judd, Anselm Kiefer, Willem de Kooning, Mark Rothko, Tom Wesselmann, Joan Mitchell, Roy Lichtenstein, Philip Guston, Robert Smithson, Francis Bacon, John Chamberlain, Clyfford Still, Andy Warhol, Hans Hofmann, Claes Oldenburg, Joseph Buys, Alexander Calder, Lee Krasner, Jean Dubuffet, George Segal, Robert Indiana
The report is available for sale at www.arttactic.com
MEDIA ENQUIRIES: Contact Anders Petterson, Managing Director, ArtTactic Ltd on firstname.lastname@example.org for information and comments on the findings in the report.