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Columbus College of Art & Design’s board of trustees confirmed Thomas White, an award-winning industrial designer and branding expert who has positioned organizations for growth in a variety of business sectors, including higher education, as CCAD’s new president during the board’s annual meeting on June 24.

White, 58, is a passionate advocate for the power of art and design to fuel economic growth and innovation. He succeeds Dennison W. Griffith in leading one of the nation’s oldest and largest private colleges of art and design. Griffith, who announced in August that he would retire when his contract expired June 30, was president for 16 years and most recently oversaw the opening of the CCAD MindMarket as a hub for businesses to engage with the college.

Published in News
Thursday, 14 March 2013 14:30

U.S. Regains Top Art Market Standing

China’s art market experienced a substantial boom in 2011, bumping the United States out of its top spot and ultimately becoming the world’s principal market for art and antiques. In 2012, amid the uncertain global economy, China’s growth began to slow and its art and antiques market shrank by almost a quarter. This deceleration allowed the U.S. to regain its title as the world’s most significant art market.

The power shift was announced as part of the highly anticipated TEFAF Art Market Report compiled by Dr. Clare McAndrew. McAndrew, a cultural economist who specializes in the fine and decorative art market, is the founder of Arts Economics, a company commissioned by The European Fine Art Foundation to provide a yearly analysis of the worldwide art market. The report coincides with the beginning of TEFAF Maastricht, the Foundation’s annual art fair, which begins March 15, 2013 in the Netherlands and runs through March 24, 2013.

Slowing economic growth and a lack of high quality, high priced items on the market are to blame for China’s slip to the second most influential art market. While auction sales dropped by 30% in China, U.S. sale figures were up 5% to $18.4 billion. In 2012, buyers opted to minimize financial risk by buying works by well-known artists at the top end of the market with Post-War and Contemporary art performing the strongest.

Dr. McAndrew will present her findings at the TEFAF Art Symposium on Friday, March 15, 2013 in Maastricht.

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