Forbes Charts Conflicting Reports for Art Market Health by TEFAF and Art Basel

March 27th, 2017

Clare McAndrew presents her report at Art Basel Hong Kong, via Art ObservedForbes takes a look at the contrasting views, and valuations, on the global art market between TEFAF and Art Basel’s annual reports.  Claire McAndrew, who presented her findings at Art Basel last week, noted her figures tracing ann 11% contraction in the market, which contrasted from TEFAF’s report, authored by Rachel Pownall, which showed growth figure of 2%.  “I’m surprised Rachel did something so similar to my report,” McAndrew said during Art Basel Hong Kong.  “The best thing would be if people were doing research into new sectors or going more in-depth into one sector, such as Old Masters.”

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