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...This “unique reopening context” reversed in the second half of the year, McAndrew said, compounded by the country’s real estate slump....
...McAndrew noted the UK’s “extra layer of political and economic volatility” since leaving the EU in 2020....
...More than 40 per cent of collectors reported using credit or other types of loan to buy art — higher than McAndrew expected — including 30 per cent in 2022 and 2023 to date....
...The auction sector fell by 2 per cent, something that McAndrew acknowledges came as a surprise in what seemed to be a bumper year....
...data from countries reporting in the first six months of the year — the majority by value, McAndrew confirms....
...“I think there is a lot of pent-up demand,” said Clare McAndrew, author of the report and founder of Arts Economics....
...Combined sales from the top three houses were up more than 20 per cent in the first half of the year, according to an upcoming survey by Clare McAndrew of Art Economics....
...McAndrew finds that 240 physical fairs were held in 2021, more than one-third down from the 387 recorded in 2019....
...McAndrew’s report says that “the [previous year’s] shift to online sales was by no means transient”....
...Further, Darmon cites Francis McAndrew who believes it is “quality, not quantity” that counts, and that people who know how to gossip skilfully will be more appreciated by colleagues and “exert more social...
...In the latest Art Basel & UBS Art Market Report, economist Clare McAndrew found that China overtook the UK to claim the second spot in the global rankings for 2021....
...“Frieze London is the real test of whether the Asians and Americans will come,” said Clare McAndrew, founder of Arts Economics and author of the Art Basel/UBS report....
...“Although people were buying randomly for high prices online, the ceiling went right up on what people would spend,” says McAndrew....
...McAndrew notes the logical conclusion that fairs “may see a continuing decline in attendance and ultimately the number of events in future”....
...As digital innovations disrupt the status quo and boundaries blur between sources of sales it has become even more complicated to map the opaque art market, says the report’s author, Clare McAndrew of Arts...
...“I think the whole money laundering issue has been slightly over-egged,” McAndrew says....
...To make up for some lost sales, galleries have made decent strides online, which has proved a “lifeline”, McAndrew says....
...“His stance was protectionist-leaning and most tariffs have damaging short-term effects without any long-term benefits,” McAndrew says....
...McAndrew quotes one: “I am concerned for dealers of starter galleries — between Covid restrictions, high rents in NYC and crime, think they have a hard road ahead.”...
...Last September, a report by art economist Clare McAndrew (published by Art Basel and UBS) revealed that on average gallery sales dropped 36 per cent in the first six months of 2020 compared with the previous...
...McAndrew maintains an important independence in an otherwise conflict-riddled area....
...Auction house executives say that business between the UK and EU is relatively small but, notes the art economist Clare McAndrew, the wider trade’s proportion of intra-EU sales could be as high as 25 per...
...shrinking public markets, and that exposure to small and mid-sized companies — especially technology companies experiencing significant growth — is often only available through private investments,” Susan Long McAndrews...
...GB News’ management team includes chief executive Angelos Frangopoulos, the former head of Sky News Australia, and John McAndrew, the former executive editor of Sky News, who will oversee news and programming...
...“There’s a battery of news working against international trade just now,” McAndrew says....
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