Digital Editions
Newsletters
Subscribe
Digital Editions
Newsletters
Art market
Museums & heritage
Exhibitions
Books
Podcasts
Columns
Technology
Adventures with Van Gogh
Art market
Museums & heritage
Exhibitions
Books
Podcasts
Columns
Technology
Adventures with Van Gogh
Art market
news

Tefaf drops comprehensive art market report

Maastricht-based fair organisation deems more targeted reports a greater service to dialogue

James H. Miller
19 January 2018
Share
Dr. Rachel Pownall presents the Tefaf Art Market Report in March 2017 Harry Heuts

Dr. Rachel Pownall presents the Tefaf Art Market Report in March 2017 Harry Heuts

The European Fine Art Foundation (Tefaf) has discontinued its widely read annual art market study, reports the Financial Times, meaning that the first word on the size of the market is likely to go to its competitor's analysis, the Art Basel Market Report, which was released for the first time last year.

Published since 2000, the Tefaf Art Market Report promised a global assessment of economic trends in the market and billed itself as "the most comprehensive summary of its kind". In 2016, controversy erupted when the report's star economist since 2008, Clare McAndrew, was poached by Art Basel for its own study. McAndrew’s replacement, Rachel Pownall, a professor of finance at Maastricht University, recalibrated some of her predecessor's methodologies in her 2017 Tefaf report, sparking debate and confusion in the art world.

In a statement Tefaf told the FT: "After reviewing our art market report strategy in 2017, and in consultation with both stakeholders and industry experts, we reached the conclusion that... we would better serve our dealer population and the wider art community by producing very in-depth and highly focused reports that concentrate on a variety of subjects in the art market."

Those focused reports will be authored by Anders Petterson, founder of the art market analytics firm ArtTactic.

Art marketTefaf MaastrichtRachel PownallClare McAndrew
Share
Subscribe to The Art Newspaper’s digital newsletter for your daily digest of essential news, views and analysis from the international art world delivered directly to your inbox.
Newsletter sign-up
Information
About
Contact
Cookie policy
Data protection
Privacy policy
Frequently Asked Questions
Subscription T&Cs
Terms and conditions
Advertise
Sister Papers
Sponsorship policy
Follow us
Instagram
Bluesky
LinkedIn
Facebook
TikTok
YouTube
© The Art Newspaper

Related content

News
30 April 2017

Did the art market grow or shrink in 2016? Depends who you ask

By Anny Shaw and Sarah P. Hanson
The Art Newspaper Livenews
24 September 2020

Sign up for our third and final 'New Models for New Times' event on 22 October: Clare McAndrew in conversation with Georgina Adam

In the culminating talk of our latest event series, economist Clare McAndrew and Georgina Adam discuss the future of the art market. Presented in partnership with Cromwell Place

The Art Newspaper
Economicsnews
13 June 2016

Economist Clare McAndrew lured away from Dutch fair Tefaf to crunch numbers for Art Basel

Her annual global market report, now sponsored by the Swiss fair and UBS, will be published to coincide with next year’s Hong Kong edition

Melanie Gerlis