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The Art Market in 2014 – Cavallet Gallery

Image result for art marketI publish these data with the stipulation that the art market in the world is not what is in Bulgaria. Noting this fact, I can not but admit that our country is an incubator of great talents and worthy names for the world stage of fine arts. The quoted values ​​do not interpret the origin of the authors or their nationality, but refer to the characteristics of individual markets. It is likely that many works of Bulgarian authors, or those of Bulgarian origin, are also present in these deals, but they are mainly realized in foreign markets.

Art trade is mainly concentrated in three countries that cover 83% of the world market. This statistic is so frightening that it provokes the big players on this scene to seek a realization in one of these three countries – the United States, China and the UK.

All Europe (and the whole world) is an art exporter for the countries mentioned above. In Europe, as has already become clear, the UK dominates, which holds 63% in 2013, followed by France (19%), Germany (5%), Italy (3%), Austria (2% ), Spain (1%) and the Netherlands (1%). Other EU countries remain 4%. Given these data, we should not assume that Bulgaria is a marginal country. These statistics show that not only Bulgaria is isolated from the world stage, but that this can be said for most of the world. Here, on purpose, I used the word “isolated,” but I would like to emphasize that concentrating the process in several countries has a positive effect on the export of art. How positive this is, we can only guess. One of the consequences that leads to it is

Image result for art market

the globalization of world trends in art.

Before I leave you alone to look at the info, I will comment on another interesting statistic. The world art market is managed by 309,000 companies, which employ 2.8 million people and provide employment to 438,000 additional people in auxiliary sectors. On the other hand, companies like Google or Ford have annual revenues equal to or doubles in the entire art market, but only engage 50,000 and 181,000 people respectively.

I can not hide that these figures help me better understand how much contrasting world we actually live in.

What are your observations on these processes? I’d be glad to share on our Facebook page!