Nomisma Report 2010. In 15 years contemporary art has made more than gold, shares and brick
With the crisis there was a reduction of trade and a focus on providing the highest quality art for painting, sculpture and ethnic art. Tips for the future? Buy art and artists at the top and keep it for 5-7 years, in addition to protecting against inflation, it beats the cost share. In the period 1995-2009 contemporary art show that investment in higher-yielding average annual rate of 4.04% compared to other assets such as gold (3.67%) shares (2.50% S & P 500) and house (real estate Nomisma 2.06%), while modern art is the only segment that regardless of the reference price, is always able to protect themselves from inflation with an average annual return of 2.62%. The analysis is contained in the 2010 report Nomisma . In general in 2009 volumes traded fell to Italian art 1.080000000000 euro, almost half (-45%) compared to 2008 (1.964 billion).
The drop in demand since the third quarter of 2008, after Lehman default, with a harder impact on volumes (-40%) than on prices. The new Centre
Nomisma on the market of the arts, revived in collaboration with Professor of Political Economy, University of Bologna Guido Candela and Antonello Eugenio Scorcu clear from the first analysis of database on the resale right (Dds ), based on statements made to the SIAE by professional intermediaries since 2006. The values \u200b\u200bthat emerged were then increased with the estimated sales of the artists are not subject to DDS and sales below € 3 thousand, then add a market share of undeclared parameters on Istat.
"As for the property 20 years ago, the art market is opaque and exchanges goods only, we believe a independent analytical work based on prices and volumes will help the sector to develop its economic potential, "explains Gualtiero Tamburini, president Nomisma.
In pre-crisis (...) gave the segment of the contemporary , However, by its very nature, the more unstable it collects less well-established artists from the Modern, offering at times of rising higher returns - to evaluate the report - as in Italy over the past decade has enjoyed unprecedented attention. L 'interest of critics, art dealers and museums has been reflected in increased demand and a more dynamic accedntuata prices (starting at prices relatively lower) than the Modern. While the effect of the notification of a possible settlement has led the market for some modern artists who anticipated the possible introduction of constraints, increasing trade in view of its author "historicizing". Result? Price increase for modern contemporary at the expense of the segment.
In time of crisis, on the contrary, there was a stabilization of the segment compared to Modern Contemporary: the uncertainty with increasing resistance to the fall in prices was stronger for modern artists. Sellers have defended their value is particularly high while stock prices, is reducing the supply on the market.
- From Marilena Pirrelli, Arteconomy24, Il Sole 24 Ore, 30 January 2010
