|artnet Market Reports | FAQ|
Frequently asked questions about artnet Market ReportsShow all answers
1. What are artnet Market Reports?
The six charts in each of the artnet Market Reports compile yearly auction market information from the artnet Price Database on over 4,300 of the most important artists driving the global public auction market. Considered collectively, these charts provide information that assists collectors, appraisers, advisors, curators, financial institutions, and art investors when tracking artist performance over time. A brief description of each chart is provided below and a sample artnet Market Report can be found here.
Chart 1: Global Auction Sales Volume
This chart shows total sales volume of all lots recorded in the artnet Price Database for the reports that you select, including sales transactions from hundreds of the most important auction venues in the world. Sales volume trends for an artist provide an insight into market demand for the artist’s work and suggest market liquidity and volatility when considered in conjunction with lot transactional data.
Chart 2: Top 10 Lots Sold
This chart provides prices for the top 10 lots sold each year and shows the portion of total sales that the top 10 represents. The highest-priced works for an artist are usually a good measure of the market strength for that artist. This data is also useful when analyzing the possible effect of exceptionally high priced works on other market measurements, such as average prices and total sales volume. It may suggest the depth of the market, a key measure of liquidity. Note that for statistical methodology reasons, reported sales prices include an adjustment for estimated buyers’ premiums when only the auction hammer price is reported by the auction house. In such cases, sales prices may not match those recorded in the artnet Price Database.
Chart 3: Lots Sold and Bought-In
An important measure of market demand and liquidity in the art market is not only how many art pieces are offered for sale, but the proportion of pieces that were bought-in. Bought-in lots are those lots that did not sell for at least the reserve price, which is a confidential minimum price set by the seller and the auction house prior to the sale. This stacked-bar chart provides a visual guide that shows the bought-in trend as well as actual lot numbers in the accompanying table.
Chart 4: Average Sale Price and Mean Estimate
This chart shows average prices compared with mean auction estimates. Average prices are total sales divided by total lots sold. Mean estimates are the average of the high and low estimate provided by the auction house prior to the sale. In cases where an estimate range is not provided, we use the auction house estimate number as the mean estimate. In cases where an estimate number and range are not provided, we eliminate the lot transaction from the calculation of averages. Trends in the relationship between auction house estimates and actual prices achieved show market demand dynamics and may suggest upward and downward influences on future price levels and relative liquidity.
Chart 5: Lots Sold for Greater Than High Estimate and Lots Sold for Less Than Mean Estimate
This price segmentation chart portrays the percentage of sales that were transacted above the high estimate, compared with those that sold below the mean estimate. In cases where no high or mean estimate is provided by the auction house, the lot transaction remains in the denominator of the calculation. Trends in either direction assist with analyses of market momentum and may indicate buying and selling windows in light of market demand.
Chart 6: Estimated Monthly Searches on the artnet Price Database
Trends in the search activity on the artnet Price Database provide a valuable look at the level of interest that art industry insiders have in specific artists. Our subscribers include thousands of collectors, galleries and art advisors and over 500 leading art institutions that use this auction market data for appraisals, auction estimates and private art transactions. Interest in an artist among these key industry players, or lack thereof, may ultimately contribute to market demand dynamics. Chart 6 shows search metrics for artists during the most recent 12 months prior to the date of your report, without regard to medium categories.
2. For how many artists can I see Market Reports?
3. Why can’t I find the artist I’m looking for in Market Reports?
Find out more about artnet Analytics Reports.
4. What are Artist Medium Reports?
5. What are School of Reports?
6. Are prints included in the data?
7. Are outliers (the highest and lowest priced pieces) included in the data?
8. Are hammer and premium prices included in the data?
9. Do the Market Reports include art gallery sales information?
10. How do I purchase a Market Reports package?
Please be sure you are on the Market Reports tab, to the right of the artnet Price Database tabs. Here you will see the five separate subscription packages. On this page, you must select a package and then click the “Add to Cart” button under the subscription you wish to purchase.
Then follow the 3 steps of the sign-up process.
For more details on the sign-up steps, visit the My Account FAQ.
*Note: If you already have a username and password and wish to purchase another subscription, login with your existing username and password and click on the type of subscription that you want. This will take you through a similar sign-up process without requiring you to create a new username and password.
11. When does my Market Reports package expire?
12. How often are the Market Reports updated?
13. Are Market Reports available for art movements and collector categories?
14. Do I need Adobe Acrobat Reader in order to view the Market Reports?
15. How do I find out more about My Account, sign-up, billing information, technical issues, or the artnet Refund Policy?
If you have further questions, please email us at email@example.com or call +1-212-497-9700.
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