UK art market misses the Rubens factor as turnover falls by ten per cent

Total turnover at UK picture and sculpture sales in 2003 was down 10 per cent on the previous year, according to figures just published by Art Sales Index. This reflects the similar contraction in the international market during the 2002-2003 season announced by ASI in the autumn.

Total UK art auction market turnover for 2003 was £451m, compared to £506m in 2002. The £55m shortfa…

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