What does data tell us about previous downturns in the art market?

What does data tell us about previous downturns in the art market?

Posted by Pi-eX Research on 7th Oct 2020

While the art market often has an image of stability, it is not immune to volatility nor downturn periods. In fact, over the past 14 years, Pi-eX's Auction Market Index (Pi-eX AMI) shows how public auctions experienced three consecutive downturns followed by growth periods, in 2008-2009, 2015-2016 and, 2019-2020.  

Pi-eX September 2020 DATA Break highlights the upsides and downsides of the public art market and shows how it has affected business at Christie's, Sotheby's and Phillips.

In which months did the 2008, 2016, or 2019 crisis start? How long did they last? How different are they?

What can we learn from previous crises and expect for the current crisis?

Watch Pi-eX September DATA Break to find the answers to these questions and much more.

Pi-eX DATA break is an informal 10 minutes conversation among art market experts covering current art market trends.

Pi-eX September DATA break features Christine Bourron, founder and CEO of Pi-eX and prof. Paolo Turati, veteran of both the art and finance worlds. The interview is moderated by Matteo Pace, Research analyst at Pi-eX.

For further information on Pi-eX DATA Break, contact Pi-eX Research.