UBS and Art Basel, together for benchmark-art

Art Basel has announced it will produce a new report on the annual art market in collaboration with UBS. The author will be Clare McAndrew, the known economist for the report on the art market of TEFAF, which will stop sign. It is unknown if TEFAF will continue to produce a report and who will be the author.

"This new relationship will become the new benchmark for the international art market," says Art Basel in the press. "The report will cover the main macroeconomic trends and provide basic information on the art market as a whole. In addition it will dig into specific areas of interest and new developments", UBS said in a statement.
The first edition will be released in March 2017 on the occasion of Art Basel Hong Kong.