1、The Art Market 2020An Art Basel&UBS Report Prepared by Dr.Clare McAndrew Founder of Arts EconomicsContents4Art FairsKey Findings 186 4.1|Art Fairs in 2019 188 4.2|Art Fair Locations 189 4.3|Art Fair Sales 192 4.4|Art Fair Attendance 198 4.5|Art Fair Costs 202 4.6|Art Fair Visitors and Exhibitors 206

2、 4.7|Art Fair Content 214 4.8|Art Fairs and HNW Collectors 220 4.9|Art Fairs and the Sustainability of the Art Market 228 4.10|Conclusions 236Tables and Figures 4 Acknowledgments 11 Directors Foreword 14 Statement by UBS 15Key Findings 171The Global Art Market in 2019Key Findings 28 1.1|Overview of

3、Global Sales 30 1.2|Global Market Share 36 1.3|Regional Performance 422Dealer SalesKey Findings 54 2.1|Dealer Sales 56 2.2|Prices in the Dealer Market 66 2.3|Dealer Financing 68 2.4|Buyers 74 2.5|Artist Representation 86 2.6|Numbers and Nationalities of Artists Represented 88 2.7|Representation Stru

4、cture and Artists Stages 96 2.8|Cross-Subsidization and Artists Share of Sales 102 2.9|Gender and Representation 104 2.10|Gallery Longevity 112 2.11|Outlook 118 3Auction SalesKey Findings 124 3.1|Auction Sales in 2019 126 3.2|The Global Distribution of Auction Sales 134 3.3|Price Segmentation in Fin

5、e Art Auctions 137 3.4|Fine Art Sectors 146 3.5|Post-War and Contemporary Art 150 3.6|Modern Art 162 3.7|Impressionism and Post-Impressionism 168 3.8|Old Masters and European Old Masters 174 3.9|Conclusions 1826Global Wealth and the Art BuyersKey Findings 290 6.1|Introduction 292 6.2|World Wealth 29

6、6 6.3|Global Millionaires 297 6.4|Billionaires 304 6.5|Art Collector Survey 313 6.6|Purchasing and Preferences of HNW Collectors 322 6.7|Art Collections of HNW Collectors 330 6.8|Why and How HNW Collectors Purchase Art 338 6.9|The Outlook of HNW Collectors 352 7Economic Impact and ConclusionsKey Fin