Skate's Art Investment Review 2011 Annual Art Investment Report

Skate’s Art Stocks Review
Global Art Industry: Affected by Economic Uncertainty in 2011, Art Stocks Lose on Average 15% in
Value
Skate’s provides ongoing coverage of the global art
industry on its website and blog, and Table 19
summarizes the share performance data for all listed
companies worldwide that derive most of their
economics from servicing the art industry or
managing art assets. 2011 was the worst year since
2008, with Skate’s Art Stock Index, the only
benchmark for the industry, shedding 15% of its
value. Against this backdrop, the performances of
Artprice, Abbey and Noble look very impressive and
have been detailed in Skate’s reporting during the
year (see archive of Skate’s Market Notes). Over the
longer term, however, global art industry shares
continue to outperform the S&P 500 as shown in the
chart below.
Table 19 Skate’s Art Stock Index (Global Art Industry Performance) in 2011
Name
Listing/
Currency
December
2011
Performance
YTD 2011
Performance
Price as of
December
23 2011, $
Market Cap as of
December 23
2011, USD mln
All Values are in USD
52-wk
High, $
52-wk
Low, $
Sotheby’s NYSE/ USD -7.6% -35.5% 29.01 1959.60 55.67 25.00
Artprice Paris/ EUR 15.7% 328.2% 50.85 325.26 84.81 10.46
Artnet Frankfurt/ EUR 11.9% -25.9% 5.22 29.40 11.50 4.15
Collectors’
Universe
NASDAQ/USD 2.4% 3.5% 14.39 113.62 18.80 11.59
Mallett London/ GPB 5.1% 8.9% 1.14 15.69 1.24 1.00
Art Vivant Tokyo/JPY 0.6% -23.1% 2.29 35.43 3.21 2.28
Seoul Auctions Seoul/WON -9.6% -42.5% 2.36 39.92 4.19 2.25
Shinwa Art
Auction
Tokyo/JPY 2.3% 4.9% 396.80 23.01 1 028.46 358.94
Stanley
Gibbons
London/GBP -0.1% 1.0% 2.58 64.94 3.28 2.36
MCH Group Zurich/CHF 5.3% -17.8% 41.68 215.80 55.12 38.11
Abbey House Warsaw/PLN -3.9% 255.4% 4.82 48.94 7.40 1.31
Noble
Investments
London/GBP -1.3% 35.4% 2.61 40.46 2.92 1.92
Fotoeffect Moscow/RUB -1.2% -7.9% 16 345.2 459.78 18 531.0 16 345.2
Skate’s Art
Stocks Index
Skate's
-3.2% -15.0% 174.7 3 371.85 241.8 157.4
Investable Art
Stocks Index
-1.1% - 78.8 2 679.21 100 68.2
Source: Skate’s Art Market Research