For its fourth edition, the annual Art Basel and UBS Global Art Market Report has once again partnered with Artory, the online registry for art. The report gives the first comprehensive look at the art market’s performance over the past year.
Artory’s database, which contains thousands of auction houses and millions of transaction records from across the globe, is understood to have been an integral part of the report. The company also worked closely with renowned economist Dr Clare McAndrew, founder of Art Economics and author of the report, to provide her with the most relevant and trusted information.
Artory’s neutral database is sourced directly from major sales in first- and second-tier auction houses across the globe and does not restrict inclusion by final price or estimate value, hence offering coverage of the full range of prices and sales. It also uses data from online auction houses.
McAndrew said: “Even though the results of many auction sales are in the public domain, aggregating data is challenging, with some auction houses publishing limited results, selective ones or no results at all.”
Artory provides analyses of art market performance that sort queries by region, artist, movement, time and price bracket. Additionally, Artory enables users to see if certain data has been signed-off on by third-party experts.
Timothy Kompanchenko, Artory’s chief technology officer, said: “The volume of data that we have compiled is invaluable to understanding the market. The team understands how to digest this raw data and how to work with researchers to provide the kind of rigorous analysis they need to conduct their studies.”