Tefaf’s annual report reassesses the value of the art market

The report’s new author uses a different methodology

MARCH 3, 2017 by: Melanie Gerlis

The economist Rachel Pownall is having a busy year. Approached last summer by the Tefaf art fair to take on its annual art market report after Clare McAndrew, its previous author, moved to the Art Basel franchise, Pownall had to pull together a year’s worth of data that is notoriously difficult to find, while keeping her commitments as an art market and finance professor at Maastricht University and the Netherlands business school, TIAS. “It’s been all-consuming to start from scratch,” Pownall admits.

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