DYNAMIC AND STRUCTURAL ANALYSIS OF ART MARKETS

The issue of art market analysis has been taken up in the paper. The aim of the paper is to present the main tendencies and structures of the most important art markets in the world. The first part presents the results of dynamic analysis in the period of 2002-2014. Both volume and value approach to global art sales have been considered in this section. The statistical dynamic indices (single base indices and chain indices) have been used to present the changes on the global art market. On the basis of the collected data it has been possible to identify countries, which had a significant share in the art market. Special attention has been paid to art markets in the European Community countries, the United States and China. The structure of the art markets has been presented in the second part of the paper. In order to deepen the analysis, several criteria have been used for presenting the structure of the art markets in question. The analysis has been held in spatial and temporal aspects to identify changes in structure in selected countries included in analysis.