1、An Art Basel&UBS ReportPrepared by Dr Clare McAndrew Founder of Arts EconomicsContents3Auction SalesKey Findings 94 3.1|Auction Sales in 2016 96 3.2|Market Share and Global Distribution of Sales 99 3.3|Sales Rates and Estimates 100 3.4|A Note on the Chinese Art Market 103 3.5|Fine Art Auction Prices

2、 112 3.6|Price Segmentation and Growth 1155Art SectorsKey Findings 146 5.1|The Fine Art Market 148 5.2|Post War and Contemporary Art 154 5.3|A Note on Living Artists 168 5.4|Modern Art 178 5.5|Impressionist and Post-Impressionist 190 5.6|Old Masters and European Old Masters 2017Economic ImpactKey Fi

3、ndings 260 7.1|Employment in the Art Market in 2016 262 7.2|Dealer Sector Employment 263 7.3|Auction Sector Employment 266 7.4|Ancillary Economic Impact 268 7.5|Conclusions and Outlook 272 Appendix A Note on Data Sources 2824Online SalesKey Findings 126 4.1|The Online Market 128 4.2|E-Commerce in th

4、e Auction Sector 128 4.3|Online Platforms and Consolidators 131 4.4|Online Sales in the Dealer Sector 132 4.5|The Wider Online Sector 136 4.6|Website Traffic and Social Media 1386Global Wealth and the Art MarketKey Findings 218 6.1|The Economic Context in 2016 220 6.2|World Wealth 228 6.3|Wealth Dis

5、tribution 231 6.4|Wealth Inequality and the Art Market 236 6.5|Global Millionaires 240 6.6|High Net Worth Wealth 247 6.7|A Survey of US HNWIs 251 6.8|Top 200 Collectors 256Tables and Figures 4 Acknowledgements 10 Directors Foreword 12 Statement by UBS 13Key Findings 141The Global Art Market in 2016K

6、ey Findings 24 1.1|Overview of Global Sales 26 1.2|Global Market Share 32 1.3|Regional Sales 342Dealer Sales and ExhibitionsKey Findings 42 2.1|Dealer Sales 44 2.2|Market Prices and Segmentation 50 2.3|Sales Channels 52 2.4|Dealer Margins 54 2.5|Supply and Inventories 58 2.6|Art Buyers 66 2.7|Local