It’s official: art sales fell in 2015

Clare McAndrew’s annual report on the art market, which has become the go-to data source for art market statistics, records a 7% fall in global fine art sales to $63.8bn in 2015 (2014: $68.2bn). The report, produced for the Tefaf art fair that opens to VIPs on Thursday, takes into account public auction sales and, via an anonymous online survey sent to around 6,000 dealers globally, the more hidden side of the art market. The data isn’t complete—an average 14% of dealers respo