zafer özdem Art Indeces

Turkish Art Market

TURKISH ART MARKET CONFIDENCE INDEX ® (by Dr. Zafer OZDEM) also indicates low level confidence at 60 % of the buyer confidence about appropriate time to buy artworks with goes parallel with decrease of the 2 major indicators of the art market buyer demand “Average Bids Number Per Artwork of Bidders” and “Auction Market Liquidity Ratio” . Turkish Art Market Players' expectation about art prices to be in the next 3 months will rise by 30 %; will fall by 20 % and will be stable by 50 %.

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