Art & Finance Report 2017

The Art & Finance industry has evolved over the years, shifting from a primary focus on art investment toward issues around the management of art-related wealth, including art-secured lending, estate planning, art advisory, and risk management. The fifth edition of Deloitte's Art & Finance Report brings together and compares the findings and developments from the previous editions with this year’s findings.

Key findings of the report:

• Auction sales grew by 18% in the first six months of 2017. Although it is too early to say whether the art market is on the path to a full recovery after a challenging 2016, the signs from the first six months of 2017 suggest that buyer and seller confidence is returning to the overall auction market
• The sales generated by impressionist, modern, and contemporary art in the first half of 2017 excedeed by 912 million USD the same period in 2016
• 85% of wealth managers believe that the move toward a holistic wealth management model is the strongest argument for including art and collectibles in a wealth management service range
• Global art fund industry struggles to gain momentum after 5 years of decline, but art investment remains relevant
• Blockchain could revolutionize the art industry by resolving questions of provenance, and improving transparency, copyright and ownership issue

Deloitte Art & Finance Report 2017 surveyed 69 private banks among which 5 are art-secured lenders, as well as 155 art professionals and 107 major art collectors from Europe, the US, Middle East, Latin America, and Asia.