Market trends
Growth ($, # of players, new segments)
Concentration (in Auction Houses)
Major trend: Disappearance of retail
Cyclicality and correlation
Consolidation (eg. France)
Sophistication
- More players
- More products (Art Credit, Packaged deals, Guaranteed Minimum with advances)
- Internet (On-line auctions, Prices, Virtual Galleries, Brokers, Access to information)