The Art Market

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Blue-chip Artwork (Artprice100©)
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S&P 500
According to Artprice, blue-chip artwork (defined as those paintings by the top 100 artists in terms of sales volume) has outperformed the S&P 500 by more than 250% from Jan 1, 2000–Dec 31, 2018. Additionally, it only declined 26% during the financial crisis of 2008-2009, when the S&P 500 declined by 58%. This is why we believe that fine art is one of the best risk-adjusted asset classes available.
Art market returns
Historical appreciation is defined as the median annualised appreciation rate across paintings (unless otherwise noted) that have sold at least twice at public auction by a given artist, including purchase and sale commissions paid to the auction house. Artist information is presented for illustrative purposes only and Blackfield Art does not own, securitise, purchase or sell works by all of such artists. Past performance is no guarantee of future results.

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