My Ronald Phillips +44 (0)20 7493 2341

TEFAF 2015


TEFAF Maastricht will be taking place from 13th-22nd March, presenting 275 of the world's leading galleries from 20 countries, the fair is an event not to be missed by collectors and museum representatives. TEFAF Maastricht is a continuously evolving showcase for the best works of art currently on the market. In addition to the traditional areas of Old Master Paintings and antique Works of Art, you can see and buy at TEFAF Maastricht a wide variety of Classical Modern and Contemporary Art, Photographs, as well as Jewellery, 20th Century Design and Works on Paper.

Our Regency convex mirror will be displayed on Koopman Rare Art London's Stand at TEFAF. The mirror retains it's original plate and is of a wonderful design surmounted by a finely carved eagle with acanthus leaf carved sides.

TEFAF is now perhaps the most businesslike of the major international fairs, a reputation due in part to the eponymous art market report it publishes annually. Commissioned from Clare McAndrew of the research firm Arts Economics, the TEFAF Report is one of the industry's most comprehensive pieces of market research, from contemporary art to antiques.

Below are some key findings from the 2015 report:

  • The global art market reached a total of over €51 billion in 2014, an increase of 7 percent over 2013, and the highest level ever recorded.
  • The distribution of sales by value in the global art market was dominated by the three major art markets: the US (39 percent); China (22 percent); and the UK (also 22 percent).
  • Approximately 1,530 lots were sold at auction for over €1 million in 2014 (this includes 96 lots for more than €10 million), up nearly 17 percent from 2013.
  • The dealer sector (including dealer and gallery sales and private sales within the art trade) was estimated to account for around 52 percent of the global art and antiques market by value, or some €26.4 billion in 2014.
  • In 2014 Postwar and contemporary art was the largest sector of the fine art market, representing 48 percent of all fine art sales by value. Auction sales of Postwar and contemporary art reached €5.9 billion, up 19 percent on 2013 and the highest total ever recorded.
  • The US was the key center worldwide for sales of Postwar and contemporary art with a share of 46 percent of the market by value.
  • Sales of Modern art were the second largest, accounting for 28 percent of the global fine art auction market with auction sales of €3.3 billion.
  • In 2014, there were 180 major art fairs with an international element, covering fine and decorative art. The top 22 fairs generated visitors in excess of 1 million.
  • Sales made at fairs accounted for a reported 40 percent of all dealer sales in 2014 or an estimated €9.8 billion (the second largest sales channel after in-gallery transactions).
  • In 2014, sales of art online were estimated conservatively to have reached €3.3 billion, or around six percent of global art and antiques sales by value.
  • The middle market has been the focal point for online selling with the majority of sales taking place between about $1,000 and $50,000.
  • Art fairs were again the second largest item of expenditure at €2.3 billion or 19 percent of the total despite only being incurred by dealers.