2005 market figures (estimated):
Total market: USD 950 million
Total imports: USD 1.100 billion
U.S. import market share: 33 %
Estimated market growth rate for 2006: 3 %
- Switzerland ranks second behind the U.K. in imports of art from the U.S.
- Switzerland has the world’s densest distribution network of art dealers and 900 museums, the highest number per capita worldwide.
- Switzerland is an international turntable for trade in art with a high volume of both imports and exports.
- Younger Swiss consumers are increasingly interested in investing in art and in modern and contemporary art, in particular.
- There is a solid market demand for sculpture, and many works sell for over USD 20,000.
- Affordable prints and lithographs (around USD 1,000) are in strong demand. Paintings comprise over 80 percent of all imported art from the U.S.
- New galleries and private collection institutions are flourishing in Switzerland, especially in Zurich. Art dealers representing these newer galleries are receptive to new artists.