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Art Dealers in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Art Dealers Market Research Report | NAICS 45392 | Jan 2017

In the picture: Wealthy collectors will purchase artwork again, spurring revenue growth

IBISWorld’s Art Dealers market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 12-17
1.5%
Annual Growth 17-22
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Profit
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Employment
35,361
Businesses
23,213
Industry Analysis & Industry Trends

The Art Dealers industry is composed of art galleries and auction houses that retail limited-edition works of art. The industry is highly fragmented, with most operators having only one to four employees. However, on the opposite end, though smaller in number, the industry also includes multibillion-dollar institutions, such as Sotheby's and Christie's International. Over the five years to 2022, industry revenue is projected to grow. Contemporary art has become a considerable growth segment as the sheer number of traded artworks increases; this trend is not expected to slow... purchase to read more

Industry Report - Industry Analysis Chapter

The Art Dealers industry has grown strongly over the five years to 2017, with industry revenue expected to rise at an annualized rate of 1.5% to $8.6 billion. Original art is an expensive luxury good that is used for collection, aesthetic and investment purposes. The product’s discretionary nature makes the industry highly sensitive to changes in disposable income, with purchases rising at pace with personal wealth. This factor largely determines industry performance; the higher disposable income levels get, the greater the industry’s performance. The five-year period was marked by steady growth, making these results even more impressive given the negative effect of an appreciating US dollar. In 2017, industry revenue is expected to

grow 0.4%.

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Industry ProductsRelated ReportsTable of Contents

What is the Art Dealers Industry?

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.

Industry Products
PaintingsDrawingsPrintsSculpturesPhotography and other media
 
Industry Activities
Auctioning off art Retailing art privately Retailing art through galleries


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