Art market increasingly opaque as transactions go private
The art market is becoming less transparent as more transactions occur through private sales, closed platforms, and auctions without public audiences. This trend makes market research increasingly difficult, as reliable data is primarily available from the secondary market through documented auction results, while primary market data from galleries and fairs remains elusive.
Key facts
- Private sales are increasing in the art market
- Closed platforms are being used for transactions
- Auctions are occurring without public audiences
- Market research is hindered by lack of transparency
- Reliable data only exists for the secondary market
- Primary market data is difficult to obtain
- Auction results are well-documented
- Gallery sales data on fairs is hard to track
Entities
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