ArtTactic Art Market Confidence Indicator has dropped sharply (by 40%) from the last reading in May 2007. The confidence in the art market suffers on the back of a sharp drop in respondents’ confidence in the Western economies, triggered by the credit crisis in the final quarter of 2007.

As the economic component of the Indicator carries a 33% weighting in the overall Confidence Indicator, the significant loss in confidence, weights heavily on the overall results. However, the confidence in the auction market is also taking its toll - significantly down (by 37%) from last reading in May 2007. It is clear that the respondents no longer think that the art market can be detached from the economic realities.However, the confidence in the primary market is down only by 10%, and is holding up significantly better than the auction market, indicating that respondents feel generally more comfortable with the valuations and the state of the primary market.

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Artists included in the Artist Confidence Indicator: 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,

Individual Price: £75.00

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