| How big is the global art market? A new report from The European Fine Art Foundation (TEFAF), released in conjunction with the current TEFAF Maastricht art fair, Mar. 16-25, 2012, sets the total size of the global art market at €46.1 billion, or about $60.8 billion (€1 = $1.32) for 2011. According to economist Clare McAndrew, who conducted the study, the €46.1 billion figure includes both public auction data, which was supplied by our very own Artnet database, and an estimate of art gallery and private art dealer sales, which is based on polls of over 6,500 dealers around the world as well as interviews with a somewhat smaller number. By way of comparison, the art market total is just about one-twelfth of the U.S. Windows office 2007 torrent tpb pirate. Tefaf Art Market Report 2016 PdfMilitary budget for 2011, which was $739.3 billion, according to the Institute for Strategic Studies. In McAndrew’s estimation, the $60.8 billion is about equally split between auctions and commercial gallery sales. Helicon remote rapidshare library. Take the auction half first -- the global art-auction total for 2011 was €23.1 billion ($30.5 billion). Total auction sales at both Sotheby’s and arch-rival Christie’s are put at $5.7 billion each for 2011, which adds up to $11.4 billion, or about 35 percent of the global auction art trade. China’s share of the auction business in 2011 was €9.8 billion, or almost $13 billion -- 42 percent of the $30.5 billion auction total. Tefaf New YorkThe top two auction firms in China are Poly International, whose 2011 sales totaled €1.4 billion ($1.85 billion), and China Guardian, at €1.3 billion ($1.7 billion). A substantial proportion of the China-based activity is due to the global reach of Sotheby’s and Christie’s, which reported $1.14 billion and $924 million, respectively, from their China operations. These numbers don’t add up -- the four top firms only account for about $5.2 billion of a $13 billion total -- but McAndrew explained in an email that the rest of the $7.8 billion comes from the more than 350 smaller auction houses in China (which include Beijing Hanhai, Beijing Council, Xinlingyinshe and Sungari -- remember those names!). torrent cubase 5 crack for mac The China auction numbers were compiled with additional data from the Art Market Monitor of Artron, McAndrew said. The TEFAF report makes much of China and its continuing importance as an art-market sector, headlining its press release with the news that art sales in China overtook those in the U.S. For the first time, with a share of 30 percent to 29 percent. But according to the report, both the U.S.
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