In August 2015, the combined market value of global listed art industry companies fell 21.9%.
The Skate's Art Stocks Index is designed to benchmark publicly traded companies that derive most of their revenues and profits from art assets and/or servicing art and collectibles markets around the world.
Only 3 out of 17 stocks included in the Index produced positive returns in August, but all 3 stocks (Artnews S.A., artnet.com AG, and MCH Group) are trading below their closing prices at the end of last year. Skate's reported that the worst performers in August were Shutterstock, Etsy, and Demand Media that each had significant negative returns this month.
The Index also demonstrates that all of the recent IPOs from the art industry are trading well below their IPO prices, which suggests art stocks are being impacted by market volatility. Read more here.
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