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Art & Finance Report 2013

Report Details:

  • Date: 26 March 2013
  • Number of Pages: 80
  • Type of Report: Market Report

Art & Finance Report 2013 

Deloitte Luxembourg and ArtTactic is delighted to present the 2nd edition of the Art & Finance Report 2013. A joint effort, in which Deloitte and ArtTactic analyzed the industry’s development over the last 14 months.

This year’s report confirms  that the global art market is on the rise and the increasing attention being paid to the concept of art as an asset class, are fostering the development of a new type of professional services in the art and finance industry.

>>DOWNLOAD report here 

The highlights of the report include:

  • Increase in confidence among wealth managers in the development of the  Art & Finance industry 
  • Economic uncertainty is increasing client demand for alternative investments: portfolio diversification is more important than investment returns for wealth managers collectors and art professionals surveyed 
  • The role of art in wealth management is changing from client entertainment to art wealth management services. The increasing value of art is creating a need for banking services to protect, enhance or monetise this value 
  • The global art investment fund market increased by 69% to US$ 1.62 billion in 2012 driven by Chinese demand for art investments, but it remains a nascent market
  • A new Freeport in Luxembourg scheduled to open in 2014 is likely to be a major attraction for the wealth management and art investment fund industry. and is likely to become a major draw for bringing art and collectible assets to Luxembourg
  • The Art & Finance industry is set to benefit from greater transparency and more liquidity: new online transaction platforms add liquidity to the lower end of the art market, and will broaden the scope and depth of art market data available, which in turn will improve the valuation of art
  • Online education is set to play an increasingly important role in building confidence in the art market.

The full report with all the results is now available to download on Deloitte's website.

 

If you have a question regarding the report, please don't hesitate to contact Anders Petterson, Managing Diretor of ArtTactic Ltd on This email address is being protected from spambots. You need JavaScript enabled to view it. .

 

As a part of the 6th Art & Finance Conference on 15 March 2013 in Maastricht,
the 2nd edition of the Art & Finance Report was presented. A joint effort, in which Deloitte and ArtTactic analyzed the industry’s development over the last 14 months.

This year’s report confirms  that the global art market is on the rise and the increasing attention being paid to the concept of art as an asset class, are fostering the development of a new type of professional services in the art and finance industry.

The highlights of the report include:

 

·         The global art market continued its expansion, reflecting the increasing confidence of the market

·         Economic uncertainty is increasing client demand for alternative investments: 53% of wealth managers stated that the challenging economic environment is the main motivation for their clients to include art in their overall wealth portfolio (up from 28% in 2011)

·         The increasing value of art is creating a need for new wealth management services: 43% of wealth managers said that the increasing value of art is creating a need for banking services to protect, enhance or monetise this value

·         The role of art in wealth management is changing: the role of art services in wealth management is shifting from client entertainment to art wealth management services, with only 27% of wealth managers seeing client entertainment as a primary motivation in the future (down from 61% in 2011)

·         A new Freeport in Luxembourg could be a major attraction for the wealth management and art investment fund industry: a new Freeport specialising in the storage of valuables is scheduled to open in the third quarter of 2014, and is likely to become a major draw for bringing art and collectible assets to Luxembourg

The complete report with all the results is now available on our website.

Please do not hesitate to contact us should you have any further questions. 
More in this category: Art & Finance Report 2011 »

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