The Daily Stat: Art from Emerging Markets Soars in Value

Are you having trouble viewing this email? If so, click here to see it in a web browser. HOME   |   BLOGS   |   THE MAGAZINE   |   BOOKS   |   AUTHORS   |   STORE RSS   |   Mobile AUGUST 8, 2011 Art from Emerging Markets Soars in Value Artworks created in emerging-market countries have risen dramatically in value over the past decade. Prices of art from Russia, China, and India rose about 125%, 190%, and 730%, respectively, between 2002 and 2008; China recently took over from France as the third-largest art market in the world, and 15 of the 35 contemporary artists who sold works for more than $1 million in 2008 were Chinese, according to Roman Kraeussl and Robin Logher of VU University Amsterdam. Their study was conducted before the worldwide financial downturn, which decreased the value of art globally. Source: Emerging Art Markets Share Today's Stat: FEATURED PRODUCT Creative Capital: Sustaining the Arts Case Study Creative Capital provides grants to individual artists using a venture capital model-the money comes with guidance and governance. Artists receive money as milestones are reached and also receive guidance on managing their lives and business to increase their sustainability. But as Ruby Lerner, CEO of Creative Capital, looks to the organization's next decade, how can she ensure the sustainability of this high-touch, uniquely individual model? ADVERTISEMENT Follow the Stat: BEST SELLERS HBR's 10 Must Reads: The Essentials HBR's Must Reads Library Set Guide to Persuasive Presentations Guide to Better Business Writing Guide to Getting the Right Work Done PREVIOUS STATS PCs Lose One-Fifth of Value at Moment of Sale Why It's Important to Initiate Relationships at Work Twice the R&D Budget Doesn't Get You Twice the Innovations Job Seekers Willing to Take Losses on Homes and Relocate Why Rising Gas Prices Make Us Thinner Schooling Increases Your IQ Year by Year For Successful Artists, It Matters When You Die Rich Parents Withhold Asset Details from Kids Gas Is More Expensive in Poor Neighborhoods People Born in Economic Booms Live Longer Free HBR Interactive issue Download the iPad app HBR Reads, and get your issue with audio and video interviews and multimedia slideshows. Learn more » UNSUBSCRIBE   |   UPDATE YOUR PROFILE   |   MORE EMAIL NEWSLETTERS   |   PRIVACY POLICY Was this email forwarded to you? If so, sign up to start receiving your own copy. ABOUT THIS MAILING LIST You have received this message because you subscribed to the "The Daily Stat" email newsletter from Harvard Business Review. If at any point you wish to remove yourself from this list, change your email address, or sign up for other email newsletters and alerts, please visit the Harvard Business Review Email Newsletter Preference Center. OPT OUT If you do not wish to receive any email messages from Harvard Business Review, click here. ADVERTISE WITH HBR This enewsletter is read by thousands of decision makers every day. Learn more about connecting your brand with this audience. Copyright © 2011 Harvard Business School Publishing, an affiliate of Harvard Business School. All rights reserved. Harvard Business Publishing | 60 Harvard Way | Boston, MA 02163 Customer Service: 800-545-7685 (+1-617-783-7600 outside the U.S. and Canada)