Global art stocks in decline according to Skate’s
Skate’s have published one of their market notes which details the declining stock value of many companies in the global art market.
Out of the 17 art market industry stocks which were included in Skate’s Art Stocks Index, ten of them were found to have posted negative returns in the first four months of 2015.
The company found to have the worst performance was Etsy, which in April lost 25.9% of its market value. As for stock performance for 2015 so far, Scholium, artnet, and Art Vivant were the three worst-performing companies, losing 54.9%, 39.8%, and 31.2% of their share price this year respectively. Conversely, the best-performing company was Seoul Auction whose stock value has increased by 254.9% this year; the auction house is now valued to be worth $272 million, making it the 6th most valuable art stock.