US Art Dealers Industry Prospects Discussed in New Sundale Research Study Recently Published at MarketPublishers.com12 Sep 2012 • by Natalie Aster
LONDON – The U.S. art dealers industry is emerging from a rough patch. Like most luxury goods retailers, the industry experienced a surge in demand while the economy was booming and wealthy consumers were splurging on original art. However, when the economy took a turn for the worst in 2008 and 2009, demand for original art plummeted. As the economy began to stabilize in 2010, art purchases increased, helping the industry's revenue to slowly recover by 3.0% and a further 4.5% in 2011. In 2012, revenue is expected to rise by 2.5% to USD 8.8 billion. During this time, wealthy consumers are expected to increase their discretionary purchases of artwork as their disposable incomes rise.
New market study “State of the Industry: Art Dealers in the U.S.” drawn up by Sundale Research presents priceless data and insightful analysis on the art dealers industry in the United States.
The report particularly covers historical (2000-2011), current, and future (up to 2016) sales data; drivers of industry growth; data and information on art dealer customers; profiles of the top companies; distribution channels, foreign trade, and a lot more.
State of the Industry: Art Dealers in the U.S.
Published: August, 2012
Price: US$ 149,00
More new market studies by the publisher can be found at Sundale Research page.