Clare McAndrew Notes Increased Concentration of Wealth in Record Market Year

March 12th, 2015

Economist Clare McAndrew gave her annual report on the art market this week at TEFAF, noting an all-time high €51 billion in art changing hands last year, and an increased focus on an ever-smaller number of works dominating these sale figures.  “It continues to be a highly polarized market, with a relatively small number of artists, buyers and sellers accounting for a large share of value,” McAndrew says. 

Read more at The Art Newspaper