Players’ confidence in the art market is improving, measured live by Artprice.com.
The theoretic principles behind this index are as simple as the ones behind the Consumer Sentiment Index in the US. This index constitutes a reference in every single global marketplace. The principles are based on the same method as used for the Consumer Sentiment Index by the Survey Research Center from the University of Michigan.
Artprice aims at conducting a survey among its 4,500,000 members, mostly art market active players, around 4 questions. The representative sample varies all the time. Only the last 1,000 responses will be used to process the latest values of the AMCI (by Artprice).
For each of the four questions, there will be 3 choices given (positive, negative or neutral) and as many qualitative variables. The responses are broken down into categories which form the results. The Art Market Confidence Index is drawn from the average percentage of positive answers minus the negative ones and calculated for each of the 4 questions.
Artprice wants this synthetic indicator to be compared to other economics or social tendencies no matter the time or space. Ever since 1997, Artprice Econometrics department has developed a set of algorithms for indices based on its knowledge and a unique database and has shaped its indices and indicators as a reference in the Art Market, making Artprice the world leader in Art Market information (source © Artprice.com).