AMR / ARTVEST AUCTION INDEX: POST-WAR & CONTEMPORARY ART – 14MMA (10/10/11)
Between 2006 and 2008, Post-War and Contemporary art underwent an extraordinary bull market run. Auction prices for these artworks rose at an unprecedented rate, outperforming every other sector of the art market. By the end of 2008, macroeconomic factors began to cause a price correction. Within a year, Post-War & Contemporary Art had undergone the most severe average value loss of any art market sector. Although there was positive price movement throughout 2010 and 2011, the market for most Post-War and Contemporary artworks have still not made a full recovery.
Post-War & Contemporary Art