The TEFAF Art Market Report, delivered by Dr. Clare McAndrew of Arts Economics, is considered the authority on data relating to auctions, art fairs, and market trends (see Clare McAndrew Explains How She Prepares the TEFAF Art Market Report). It’s presented in conjunction with the opening of the TEFAF art fair in Maastricht.
Sales at art fairs totaled 40 percent of all dealer sales, a shy six percent behind in-gallery sales. The margin separating both sectors has significantly narrowed over the last 10 years. (See What Sold at Frieze London 2014?, FIAC Is the Art Fair Europe Wants, and Europe’s 10 Best Art Fairs in 2014.)