Clare McAndrew set up Arts Economics in 2005 to focus her efforts on art market research and analysis, and works with a network of private consultants and academic scholars in different regions around the world providing research and consulting services to the global art trade and financial sector.
Clare has published widely on the economics of the art market, including her book entitled Fine Art and High Finance, published by Wiley Press. She also produced an annual macro-economic report on the global art market for The European Fine Art Foundation (TEFAF) from 2005 to 2015. Since 2016, this annual global research on the art market has been produced for Art Basel and UBS. The Art Market, An Art Basel & UBS Report is the industry’s benchmark report on all of the major trends in the global market for art and antiques.
Clare holds a PhD in economics from Trinity College Dublin. She maintains some academic research, including particular interests in risk and investment, arts-related policy and artists’ careers. She has published a number of academic papers with colleague Professor Rex Thompson (Southern Methodist University, Texas) on risk and its applications in the art market in journals such as the Journal of Banking and Finance, Journal of Applied Econometrics and others.
As well as writing and presenting Art Market Economics, Clare has been a guest lecturer on the Master’s program at Trinity College Dublin in the Trinity Irish Art Research Centre (TRIAC) and Christie’s Education. She has also lectured in finance and taxation in the art market at the University of Zurich (Executive Master in Art Market Studies).