How Has the UK Art Market Changed in 30 Years? Latest Report Shows Growth and Stagnation (ARTnews JAPAN)
A new BAMF report analyzes 30 years of the UK art market, highlighting its growth, stagnation, and position as the world's second-largest market.Summary
The British Art Market Federation (BAMF) has released a market report titled "The British Art Market 1996–2025," analyzing the UK art market over the past 30 years. Sales grew from £2.6 billion in 1996 to £8 billion in 2025, though inflation affects the real growth. The market peaked at £11.2 billion in 2008 before halving to £5.7 billion in 2009 due to the financial crisis, and recovery has been slow, with 2025 still below pre-crisis levels. In 2025, the UK market accounted for about half of Europe's total and 18% of global transactions, ranking second but far behind the US at 44%. Imports fell 45% compared to 2015, and exports dropped 15% year-on-year, partly due to indirect effects of President Donald Trump's tariff policies. Long-term dependence on the US has declined.
(Source：Yahoo!ニュース)