Art & Finance report 2016

Insights

Art & Finance report

A closer look at the growing Art & Finance industry

This annual report aims to act as a barometer for the emerging Art and Finance industry, to highlight the main trends and developments, but also to capture and measure the changing motivations and perceptions among its participants.

Art & Finance report 2016

This year’s report comes at a challenging time for both the art market and the wealth management industry. With art market growth showing signs of slowing toward the end of 2015 and in early 2016, combined with slower economic growth, increasing volatility in the financial markets, and geopolitical uncertainty, the picture is becoming more complex and unpredictable. Maybe it is exactly this uncertainty that draws people toward art, and as this report shows, the awareness and motivation for including art in traditional wealth management are becoming increasingly apparent, although not without its own set of complexities.

To address these issues we have invited 39 key opinion formers, representing different key stakeholders in the market, to express their views on what they believe are opportunities and challenges for the art and finance industry now and in the future.

As the art and finance industry is becoming increasingly global, we are also pleased to announce that what started as a local initiative in Luxembourg in 2011 has now become a truly global Deloitte initiative. Also, we are proud to announce a new partnership with the Van Gogh Museum in Amsterdam to provide complementary services.

Moreover, in collaboration with Deloitte Italy, we are delighted to have contributed a chapter to the book L’art advisory nel private banking—Opportunità e rischi dell’investimento in arte, which was published in December 2015—an AIPB initiative (Associazione Italiana Private Banking). This publication analysed various aspects of the Italian and international art market, including articles on investing in artworks, related tax and legal aspects as well as art advisory models for banks. We are also thrilled to have participate with Deloitte Austria to an Austrian publication called “Das Sammeln zeitgenössischer Kunst,” a manual for all art collectors and art enthusiasts who seek practical guidance for an increasingly complex art market.

Art & Finance report 2016 - Key facts

Art & Finance report 2014

Based on the findings of this report, the wealth management industry is clearly taking a more strategic view on art as an asset class and how it might be used as a tool to build stronger and deeper relationships with clients, in an increasingly competitive marketplace.

(PDF - 4.5 MB)

Art & Finance report 2013

Since the first report, we observed significant shifts in perceptions of the role of art in finance, as well as the role of finance in art. What emerges from the 2013 report is a gradual convergence in the motivation and interests of key stakeholders in the art market and wealth management community as regards art as an asset class, and this trend is driven by the client.

(PDF - 4.7 MB)

Art & Finance report 2011

This first report was focused on establishing a better understanding of the boundaries of the emerging Art & Finance industry, the concerns and motivations of its stakeholders and the potential of art as an asset class among the wealth management community. 

(PDF - 3.4 MB)
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