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After resisting the impact of the pandemic in 2020 and 2021, in 2022 the value of China’s art market contracted by 34% to just $3.9 billion. This was the first time China’s annual art auction turnover total has been below the four billion dollar threshold for more than a decade. Meanwhile, the rest of the world posted remarkable growth of ...
The United States accounts for 44% of the global art market. Of the three major forces in the global art market (USA, China, UK), the United States was the most dynamic last year posting its highest-ever annual art auction turnover total at $7.3 billion, up 26% versus 2021 and substantially ahead of China. Meanwhile, the Chinese market posted a ...
From the most expensive to the most affordable, a breakdown by price segment. This is the most prosperous year in history for the number of works exceeding 100 million. Nevertheless, more than half of the works were acquired under $800.
Mar 1, 2023 · Total sales of fine art reached $15.9 billion in 2022, a roughly four percent decline from the $16.4 billion sold in 2021 but still the second highest annual total since 2018. That’s noteworthy ...
Mar 27, 2024 · That said, total sales in the U.S. art market experienced a 10 percent annual decline that year, after peaking at just above 30 billion U.S. dollars in 2022, the highest figure reported by the ...
May 16, 2024 · Premium Statistic Leading fine art auction sales worldwide 2023, by price realized ... Number of businesses in the art dealer industry in the United States from 2013 to 2022, with a forecast for ...
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Mar 1, 2023 · In 2022, auction sales of fine artworks priced at more than $10 million each soared to their highest total in five years, missing the $5 billion mark by less than $14 million. The growth at the top of the fine art auction market can be traced back to the slew of star-studded single-owner sales, headlined by the aforementioned $1.5 billion ...