Global Art Market
Artist
In the art market, the work of young artists is gradually being valued by art lovers all over the world. People believe that these “black horses” are still in the beginning stage of the market today, and after a few years, they may become the “masters” of the art market. — Among the global modern and contemporary art sectors, artists born after the 70`s (including after 80`s and 90`s) accounted for only a very small share, and the average transaction price was significantly lower than the average price of the entire post-war and contemporary art sector. However, the transaction share, the transaction volume and the average price of the auctions have been increasing year by year in the past five years, and the turnover has reached the highest level of US$300 million. The United States dominates the world market in the modern and contemporary art sector, accounting for 46%, more than double that of China (22%). Many young Chinese artists have not entered the art market through more conventional gallery channels in the West. Instead, they enter the auction market directly, and this short-term profitability usually shortens the artistic career of these artists.
Art Gallery
In 2018, the gallery was the institution with the most exhibitions (55%), followed by museums, art galleries (29%) and non-profit organizations (15%). On a global scale, art exhibitions are more dispersed than those in the art market. The three countries with the most exhibitions were the United States (21%), Germany (12%) and France (10%), 92% of which were post-war and modern and contemporary. The exhibition has a clear bias towards local artists, especially in the United States, China and France, where local artists account for 50%. In addition, in 2017, the number of exhibitions of local artists held in China fell by 37% year-on-year, the lowest in 10 years.
The gallery is an “imported product” of the Western art world. In the 16th century, the art collected by the West was displayed in the cloister of the mansion, which is the origin of the gallery. The gallery model of modern significance was born in France in the 19th century. Since the beginning of the 20th century, various modern art schools have appeared one after another, and the development of galleries has shown a leaps and bounds. — The gallery in mainland China was born in the early 1990s, such as the emergence of the foreign gallery, the Red Gate Gallery. From the late 1990s to 2008, domestic galleries showed a rapid development trend in both scale and quantity. The number of galleries in Beijing exceeded 200..
Chinese gallery management status — Business model: From a single to a comprehensive business approach. Such as art derivatives stores, art mall complexes, art hotels and other diversified business models. — Agent method: — Cooperative system and contracting system are the main methods of acting as artists in Chinese galleries. The time spent by Chinese galleries as artists is generally not long, and the agency time is about 41% in 1–3 years. The more common proportions of Chinese galleries are: 75% for well-known artists, 50% for growing artists, and 30% for new artists. It is difficult to standardize in the industry through the traditional model, and the operation mode of the international gallery is unified.
Museum
Major Asian and Middle Eastern buyers in the art industry are building large numbers of museums. More than 700 new museums are opened each year, and since 2007, the standardized museum industry has become a global economic reality for the 21st century. The number of museums opened between 2000 and 2014 exceeded the first two centuries. However, from the international experience, the development potential of China’s museum construction is still huge. The experience of developed countries in the West shows that after urbanization and social development reach a certain level, they will generally reach a balance point. — Usually there should be a museum for every 10–20 million people, and many small European countries with rich historical and cultural heritage such as Denmark and Belgium have reached 1–2 million people and have a museum. According to incomplete statistics of the World Museum, there are more than 30,000 museums of all types in the world today. Among them, Russia still retains the number of museums in the Soviet era, and there are more than 5,000 museums today. There are various national and public countries throughout Japan. There are more than 7,000 museums in the private sector and universities; there are about 5,500 museums in France; more than 3,000 museums in the UK; about 3,500 museums in Italy; about 3,000 museums in China and local public institutions. The type is very complete and the system is very complete. Due to the high diversity of the construction of the museum and the diversity of its operations, the statistics in the United States have been less accurate, but the estimates are over 5,000.
#Art #Blockchain #Crpyto
