Smooth sailing

by Philip HP Wong

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Price

$5,000

Dimensions

60.000 x 41.500 inches

Title

Smooth sailing

Artist

Philip HP Wong

Medium

Painting - Mix

Description

In 2019, global art sales eased 5% year-on-year to an estimated $64.1 billion – while the volume of transactions hit a decade-high of 40.5 million, according to the latest edition of the Art Basel and UBS Global Art Market Report. Authored by renowned cultural economist Dr Clare McAndrew, the annual analysis is the definitive guide to key trends and developments – with an additional survey of 1,300 high-net-worth collectors by UBS Investor Watch and Arts Economics providing fresh insight into buyer behavior.

Further insights include active spending by millennial and female collectors, and an increase in the number of online purchases in excess of $1million.

48% of high-net-worth collectors surveyed said they ‘always’ or ‘often’ purchased works through online platforms. Of those that had bought online, one quarter had spent more than $100,000, while 8% had spent over $1 million – double the share that had spent at that level in 2018.

根据最新版的《巴塞尔艺术展》和《瑞银全球艺术品市场报告》，2019年全球艺术品销售额同比下降5％至约641亿美元-而交易量创下十年新高的4,050万美元。 。年度分析由著名的文化经济学家克莱尔·麦克安德鲁（Clare McAndrew）博士撰写，是对主要趋势和发展的权威指南-瑞银投资者观察和艺术经济学对1300位高净值收藏家进行了另一项调查，提供了对买主行为的新见解。

进一步的见解包括千禧一代和女性收藏家的积极支出，以及超过100万美元的在线购买数量的增加。

在接受调查的高净值收藏家中，有48％表示他们“总是”或“经常”通过在线平台购买作品。在网上购买的商品中，有四分之一的花费超过了100,000美元，而8％的花费超过了100万美元-是2018年该水平花费的两倍。

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February 27th, 2014

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