What Are the Top U.S. Art Cities? – RisePEI
Annually, UBS and the economist Clare McAndrew publish a report that appears on the world’s world artwork market. For the primary time, to go alongside it, McAndrew has additionally revealed a second report dedicated to the position that cities throughout the U.S. play within the world artwork market.
Based on McAndrew, the U.S. accounted for almost half of all artwork gross sales in 2021—round some $28 billion, per her earlier 2022 artwork market report. The brand new report reveals that the highest 5 U.S. cities are New York, Los Angeles, San Francisco, Chicago, and Miami. These cities will seemingly come as no shock to shut watchers of the artwork world right here, as they’re all hubs for main museums, galleries, artwork gala’s, and artists.
“This analysis allowed us to take a look at the construction and make up of US artwork establishments in among the nation’s key artwork hubs, trying past gross sales and monetary metrics to think about how their decisions, threat preferences and behaviors can have an effect on the careers of latest artists,” McAndrew mentioned in a press release.
In collaboration with Wondeur AI, McAndrew analyzed the exhibition historical past of some 4,150 artwork establishments wherever within the nation that actively introduced, between 2017 and 2021, the work of artists born after 1900. Drawing on its 250,000-person database, Wondeur AI then grouped these artists by profession stage, from “star” to “rising.”
Regardless of accounting for 4 p.c of what’s in Wondeur AI’s database, “star” artists had been the topic of 47 p.c of institutional exhibits and 23 p.c of business gallery exhibits, the report mentioned. In the meantime, “rising” artists made up 84 p.c of the database, however solely 17 p.c of institutional exhibits and 36 p.c of gallery exhibits.
As a part of its findings, the report depends on two metrics (between 0 and 100) developed by Wondeur AI. The primary is “threat urge for food,” or an establishment’s “willingness to indicate new Rising artists earlier than different establishments,” with the next rating indicating a larger willingness to take action. The second is “efficiency,” which makes an attempt to map whether or not an artist continued to have solo exhibits after one significantly necessary exhibition, primarily launching their careers to larger heights. (All artists evaluated on this a part of the report solely started exhibiting in 2010 or later.)
The report discovered that gender parity nonetheless has not been achieved in these cities, with exhibits by girls accounting for between 30 and 45 p.c of exhibits in every city middle surveyed.
Have a look beneath on the particular information for every metropolis.
