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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 ...
Jun 24, 2022 · Total sales of art priced $10 million and up in 2022 exceeded the equivalent total in 2018 by almost 12 percent—all the more impressive considering that Christie’s sold the $835 million ...
Mar 1, 2023 · France’s fine art auction market also took a step back from the big gains it posted in 2021, as the country’s auction houses brought in just shy of $1.1 billion in sales in 2022, a year-over ...
Dec 14, 2022 · The art world saw a flurry of activity in 2022, with the return of the global secondary market, several splashy auction debuts, and staggering new records set. Our year-end market report looks at the major sales, trends, and artists that made an impact in 2022. All insights are from the Artsy Price Database. Download the Report.
In 2022 therefore, 44% of the global total was based on the power of the American market, because the most precious artworks are primarily sold in New York (25 out of the 29 that fetched over 50 million dollars in 2022) and because the country hosts the highest volume of transactions: more than 158,000, i.e. 22% of global art auction transactions in 2022.
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.
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Global art sales grew, exceeding 2019, pre-pandemic levels. Global art sales increased by 3% year-on-year to about $67.8 billion, with the market exceeding its pre-pandemic level of 2019, when it was $64.4 billion. Bustling art fairs, successful auctions at the high end, and busy in-person exhibition schedules contributed to a rising market.
