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Digital Subscriptions > Antiques Trade Gazette > 2284 > How I marshal my market forces

How I marshal my market forces

TEFAF report’s new author defends her methods and explains the changes to the 2017 study

Professor Rachel Pownall

Since its launch in 2002 the TEFAF Art Market Report has established itself as the art and antiques trade’s key annual barometer of size and trends.

While the report has grown in scope, recording the market’s ebbs and flows, it has rarely delivered seismic shocks.

All this changed earlier this month when the latest report valued the global art market at $45bn – well below the $63bn the 2016 survey estimated it to be.

The reason for such a sharp correction was not due to a market meltdown – though it did soften – but because the TEFAF organisation had created a new way to measure the market, as the previous data is the copyright of former author Dr Clare McAndrew (see box, opposite page).

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About Antiques Trade Gazette

Antiques Trade Gazette is the essential publication for everyone with a serious interest in art, antiques and collectables. Every week it is packed with up-to-the-minute news on the market, with individual items beautifully illustrated throughout. Since 1971 it has been the most reliable source of information on what is really happening at auctions in the UK and around the world. Each issue is filled with auction advertisements and detailed auction reports written by expert journalists. The Dealer’s Diary section keeps readers constantly updated on what is happening at the fairs and markets and in the galleries and shops. Market professionals and serious collectors throughout the world rely on ATG to keep them informed on developments and issues which shape the art market. It is here that they learn about the prices achieved at auction in every area - from antiquities to pop memorabilia, from impressionist paintings to Chinese art. With 500 or more art objects pictured, every issue is a treat to the eye and a visual education. Whatever the topic Antiques Trade Gazette is well-informed, up-to-date and entertaining.

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