Art Dealers Association of America survey indicates ongoing impact of COVID-19 on U.S. art galleries
The Art Show 2020, ADAA. Photo by Darian DiCianno BFA.
NEW YORK, NY
.- The Art Dealers Association of America reports new data indicating that U.S. galleries are continuing to grapple with the impact of COVID-19 lockdowns in 2020 and the resulting economic downturn. As of June 2021, 70% of surveyed galleries reported an overall decline in revenue for 2020, as well as staffing levels that remain below pre-pandemic levels. At the same time, the results indicate signs of resilience and a positive outlook for the gallery community for the remainder of 2021 and beyond, with the majority of respondents specifying that pivots to virtual operations and access to federal assistance programs sustained their businesses through the challenges of 2020. Looking ahead to the coming year, 65% confirmed plans to expand their artist rosters and 76% are returning to in-person fair participation.
Nearly Half the Art Dealers Surveyed in a New Report Say Earnings Exceeded Expectations in the First Quarter of 2021
artnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from artnet.com Daily Mail and Mail on Sunday newspapers.
US galleries survive: despite a stark decline in revenue in 2020, many galleries have a positive post-pandemic outlook, report says
theartnewspaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theartnewspaper.com Daily Mail and Mail on Sunday newspapers.