A Perspective on the Funding Potential of the Art Market…
The 2016 worldwide art market total sales is estimated at $56.6 billion. The US ranked first in sales with a market share of 40% or $22.9 billion.*
The sellers and buyers of the art market are nonprofit members and donors who, by engaging in meaningful transactions have the ability to transform the multibillion dollar art market into a nonprofit funding source. These people need to know about the meaningful art transaction, the potential and enjoyment of it and how to employ it. Examples: NOTABLE TRANSACTIONS
In service to the nonprofits, BFA assists the collector in the donation of fine art, the buyer donor in a fair value purchase, the seller donor in an optimum sale, the organizational curator in identifying the best options in the expansion of a collection or liquidation of dormant artwork, and the organization and its constituency in realizing the most this unrestricted funding stream has to offer.
The meaningful transaction is the perfect platform for the transfer of art. And Bond Fine Art establishes and engages in meaningful transactions.
*The Art Market 2017 worldwide art market estimates include the sales of fine and decorative art and antiques. It is authored by Dr. Clare McAndrew founder of Art Economics and prior author of The TEFAF Annual Report, and is Art Basel and UBS produced. The Art Market 2017 is an independent and objective study of the world’s various art market segments such as: gallery business, dealers, auction houses, fairs and exhibitions, online sales.