Valuation Resources

Art Dealers and Galleries

SIC 5999  |  NAICS 453920

The following guide to industry research and analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more.

See the following sections listed below to view available resources by category:

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Trends, Statistics, and Forecasts

Art Dealers  (view report)
Online Art Sales  (view report)
Comprehensive market research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Topics addressed in the reports include:

Redwood Media Group
ABN Magazine
http://artbusinessnews.com/

Quarterly trade journal features news and information for industry professionals, with topics covered in various issues including industry news and analysis, market trends, effective business practices, marketing strategies, artist and gallery profiles, and book and product reviews. Digital editions of the magazine are available free online, with free subscription available to qualified trade professionals.


ADAA
Collectors' Guide
http://www.artdealers.org/

Collectors' guide provides an overview of the various types of dealers (e.g., primary market, secondary market, and public and private dealers) and the roles they play in the marketplace such as educating clients, arranging exhibitions, publishing catalogs and monographs, curating art collections, providing appraisals for a variety of purposes, and acting as a principal or agent in buying and selling artworks.


CINOA
The Role of Art & Antique Dealers: Historical and Future Perspectives
http://content.yudu.com/

Comprehensive study analyzes the changing role of dealers in the marketplace, with topics covered in the study including dealers in the current market, backgrounds, education, and demographics, business models, specialization, retail galleries, event-driven market, online sales movement, credit and finance, regulatory issues, competition for supply, dealers versus auction houses, and artists as competition.


Edward Winkleman, Winkleman Gallery
How To Start and Run a Commercial Art Gallery
https://www.amazon.com/

Topics covered in this guide to starting and running a gallery include defining a program, other branding issues, business models, customary practices, primary and secondary markets, location and build-out issues, managing cash flow, logistics, staffing, management practices, and promotional efforts. Table of contents and selected excerpts from this guide can be previewed via Amazon's "Look Inside" feature.


Unity Marketing
Art Gallery’s Guide to the New Consumer Market:
Retailer’s Guide to Marketing in New Luxury Style

http://unitymarketingonline.com/

Market research study provides in-depth analysis of the affluent consumer market for retail art galleries, with topics addressed in the report including affluent consumer demographics, consumer demand and spending, types of items purchased, where purchases are made, most recent purchase, reasons for most recent shopping experience, consumer attitudes and personalities, and marketing opportunities.


Art|Basel
Art Market Report
https://www.artbasel.com/

Chapter 2 of this annual report focuses on dealers and galleries, with topics addressed in this chapter including dealer sales trends, market prices by sector, sales channels, dealer profit margins, sources
of supply and inventories, buyer demographics, local vs. international buyers, primary and secondary market dealers, number and types of exhibitions, and top dealer challenges over the next five years.


BizMiner
Market Analysis Report
https://www.bizminer.com

Market analysis report provides industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.



Financial Statements and Financial Ratios

BizMiner
Industry Financial Ratios
Art Dealers and Galleries
https://www.bizminer.com  Search for "453920"
Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level including:

IBISWorld
Art Dealers
(see links for individual reports)

Financial benchmarking section of this report provides an analysis of industry income and expenses as a percentage of revenue by major category (e.g., purchases, wages, depreciation, marketing, rent, utilities, other costs, and earnings before interest and taxes) for the most recent year and line graphs indicating trends for each category over the past five years. Sample report can be viewed free online.



Compensation and Salary Surveys

PayScale, Inc.
Art Gallery
https://www.payscale.com/

Free online service provides median salary and hourly wage data for selected job positions such as executive director, executive assistant, office manager, retail store manager, sales associate, curator, graphic designer, and framer for firms that sell original and limited-edition artworks such as paintings, drawings, prints, photographs, and sculptures on a consignment basis or from their own inventory.


U.S. Bureau of Labor Statistics
Miscellaneous Store Retailers
https://www.bls.gov/oes/

Annual employment and wage survey provides hourly and annual wage data for personnel employed in this retail sector on a national, state, and metro area basis, with art-related job positions covered in the survey including art directors, curators, craft artists, fine artists (e.g., painters, sculptors, and illustrators), graphic designers, interior designers, merchandise displayers, and window trimmers.



Business Valuation Resources

BVMarketData
www.bvresources.com
Private company sales transaction data for over 800 industries.



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Museum Shops and Stores
Museums and Art Galleries

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