The UK-based non-profit, Creative United, has released the Future of the Art Market Report, which surveys the significant changes that have occurred in the contemporary art market over the past 15 years. The Report includes trends – such as the increase in digital art and its sales – that will affect the art market in coming years.
“The UK contemporary art market is more complex, unstable and fluid than ever before,” says The Report, which has been written in partnership with Arteïa, Creative Scotland and DACS.
A free, digital version of the Report can be viewed and downloaded here: https://fotamreport.creativeunited.org.uk
The Report is UK-centric and takes an independent look at specific segments of the market – including artists and sellers – without falling back on the ‘usual suspects’ or corporately driven art market commentary.
The Report highlights the extreme fragility of the current art market ecosystem and presents the practical and philosophical challenges faced by those operating in the low and mid segments of the market, mainly their struggle in reaching buyers and accessing private capital.