Global Art Sales Fell In 2015, But What About Returns?

Forbes | Kathryn Tully:

A new report this week from European Fine Art Foundation showed that global art sales fell 7% last year to $63.8 billion, the first drop since 2012. Last month, index company Artprice reported that the value of global auction sales of art dropped to $16 billion, a 10.31% decrease from 2014, mostly because of the shrinking Chinese market, and there has been anecdotal evidence of falling sales at the most important auctions so far in 2016… Read more 

Image: A fair goer at the Artsy & Douglas Coupland booth during the VIP opening of The Armory Show 2016 in New York, March 2, 2016. (Photo credit: TIMOTHY A. CLARY/AFP/Getty Images)