Art Dealers in the US - Industry Market Research Report
Description
Art Dealers in the US
The Art Dealers industry comprises art galleries and auction houses that retail original works of art. The industry is moderately fragmented, with most operators having only one to four employees. The industry holds only a small number of large auction houses, such as Sotheby's and Christie's. Over the five years to 2022, the Art Dealers industry has benefited from increases in disposable income and in the number of households earning incomes of more than $100,000. However, the period was also marked by political and economic uncertainty that drove revenue declines enough to offset growth. Overall, revenue for the Art Dealers industry is anticipated to creep upward at a CAGR of 0.3% to $12.5 billion over the current period. In 2020 alone, revenue dropped 11.8% due to the COVID-19 pandemic's economic consequences. However, the industry began to recover in 2021 and is expected to continue to inch upward, rising 0.2% in 2023.
This industry includes art galleries and art auction houses that primarily retail original and limited-edition artwork. The companies purchase artwork from an artist or individual owner and then sell the artwork to consumers, with little or no further development of the product. Additionally, auction houses that bring buyers and sellers together and collect a commission are included in the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
The Art Dealers industry comprises art galleries and auction houses that retail original works of art. The industry is moderately fragmented, with most operators having only one to four employees. The industry holds only a small number of large auction houses, such as Sotheby's and Christie's. Over the five years to 2022, the Art Dealers industry has benefited from increases in disposable income and in the number of households earning incomes of more than $100,000. However, the period was also marked by political and economic uncertainty that drove revenue declines enough to offset growth. Overall, revenue for the Art Dealers industry is anticipated to creep upward at a CAGR of 0.3% to $12.5 billion over the current period. In 2020 alone, revenue dropped 11.8% due to the COVID-19 pandemic's economic consequences. However, the industry began to recover in 2021 and is expected to continue to inch upward, rising 0.2% in 2023.
This industry includes art galleries and art auction houses that primarily retail original and limited-edition artwork. The companies purchase artwork from an artist or individual owner and then sell the artwork to consumers, with little or no further development of the product. Additionally, auction houses that bring buyers and sellers together and collect a commission are included in the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
43 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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