Art Basel and UBS present The Art Market Report 2023, an annual global art market analysis. The Art Market Report provides a review of the international art market, highlighting some of the most important trends and developments taking place each year. Authored by Dr. Clare McAndrew, founder of Arts Economics, it is an independent and objective study, analyzing sales and other activities of different segments of the market including galleries, auction houses, art fairs, and collectors.
Dr. Clare McAndrew is a cultural economist who specializes in the arts, antiques, and collectibles markets. She completed her PhD in economics at Trinity College Dublin in 2001, where she also lectured and taught economics for four years. In 2002, Clare joined US firm Kusin & Company, a boutique investment banking firm specializing in art investment, as chief economist. After three years in the US, Clare returned to Europe in 2005 to set up Arts Economics and continue her work in the art market in a private research and consulting capacity. Arts Economics works with a network of private consultants and academic scholars carrying out art market research and analysis for a global client base.