What are the best American art cities? – ARTnews.com

Each year, UBS and economist Clare McAndrew publish a report on the global art market. For the first time, to accompany it, McAndrew has also published a second report devoted to the role that cities in the United States play in the global art market.

According to McAndrew, the United States accounted for almost half of all art sales in 2021, or about $28 billion, according to his previous 2022 art market report. The new report reveals that the five major US cities are New York, Los Angeles, San Francisco, Chicago and Miami. These cities are unlikely to surprise art-watchers, as they are all hubs for major museums, galleries, art fairs, and artists.

“This research allowed us to examine the structure and composition of American arts institutions in some of the nation’s major arts centers, looking beyond sales and financial measures to examine how their choices, risk preferences and their behaviors can affect the careers of new artists,” McAndrew said in a statement.

In collaboration with Wondeur AI, McAndrew analyzed the exhibition histories of some 4,150 art institutions across the country that actively presented the work of artists born after 1900 between 2017 and 2021. Drawing from its database of 250 000 people, Wondeur AI then grouped these artists by career stage, from “star” to “emerging”.

Despite making up 4% of what’s in Wonderur AI’s database, “star” artists were the subject of 47% of institutional exhibitions and 23% of commercial gallery exhibitions, according to the report. Meanwhile, “emerging” artists represented 84% of the database, but only 17% of institutional exhibitions and 36% of gallery exhibitions.

As part of its findings, the report relies on two metrics (between 0 and 100) developed by Wondeur AI. The first is ‘risk appetite’, or an institution’s ‘willingness to show new emerging artists before other institutions’, with a higher score indicating a greater willingness to do so. The second is “performance,” which attempts to determine whether an artist has continued to have solo shows after a particularly large exposure, essentially launching their career to greater heights. (All artists assessed in this part of the report did not begin exhibiting until 2010 or later.)

The report found that gender parity has still not been achieved in these cities, with women’s performances accounting for between 30 and 45 percent of performances in each urban center surveyed.

Take a look at the city-specific data below.

About Margaret L. Portillo

Check Also

TGI Solar Power: ADVENT GALAXY INC., headquarters of ADVENTEXPO™, a subsidiary of TGI, announces its intention to launch a Reg A public offering.

ADVENT GALAXY INC., headquarters of ADVENTEXPO™, a subsidiary of TGI, announces its intention to launch …