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1. www.forbes.com › councils › forbesbusinesscouncilEight Trends In The 2024 Global Art Market - Forbes

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   May 16, 2024 · The changing tides of the global art market have been laid bare in the UBS Art Market Report 2024 by Arts Economics. According to the report, globally, art sales have slowed, save for China where...

   • Author: Pearl Lam

2. news.artnet.com › market › by-the-numbers-year-aheadBy the Numbers: The Art Market Has Fallen Back Down to Earth

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   Mar 4, 2024 · The sell-through rate for fine art at auction in 2023—higher than in any year in the past 10 years except 2021 and 2022. The decline in revenue generated by the highest-end artworks at auction. Sales of art valued at more than $10 million dropped by just under $2 billion last year.

3. www.mutualart.com › Article › Facing-the-Facts-onArt Market Report 2024 - MutualArt

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   Mar 19, 2024 · In real terms, the art market’s annual sales have shrunk since 2011. The Art Basel & UBS Art Market Report 2024. The real contraction in the art market is especially concerning in light of the performance of key indexes. At the beginning of 2011, the S&P500 was at about 1250 points.

4. www.mutualart.com › art-market-dataThe Art Market in 2024 - MutualArt

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   Oct 15, 2024 · Access detailed art market data with filters by date, location and broad media. Top lots, artists, sales and auction houses at a glance.

5. www.artsy.net › article › artsy-editorial-5-key5 Key Takeaways from Art Basel and UBS’s Report “The Art ...

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   Mar 13, 2024 · Some 36% of dealers expect a rise in sales in 2024, though this is a decline from 45% at the end of 2022 and 62% at the end of 2021. Yet some 48% expect sales to remain stable, a rise of 9% from the end of 2022. Meanwhile, 16% expect sales to decrease, the same level year over year.

6. www.artbasel.com › stories › the-art-market-remainsThe Art Basel and UBS Global Art Market Report 2024

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   Key findings of The Art Basel and UBS Global Art Market Report 2024 include: Global Sales: In 2023, global art market sales adjusted to an estimated USD 65 billion, showcasing resilience despite a slowdown of 4% year-on-year and surpassing pre-pandemic 2019 levels of USD 64.4 billion.

7. People also ask

   How has the art market changed in 2024?

   • She is host of The Pearl Lam Podcast and an expert speaker. The changing tides of the global art market have been laid bare in the UBS Art Market Report 2024 by Arts Economics. According to the report, globally, art sales have slowed, save for China where they have increased by 9% to a staggering $12.2 billion.

   Eight Trends In The 2024 Global Art Market - Forbes

   www.forbes.com/councils/forbesbusinesscouncil/2024/05/16/eight-trends-in-the-2024-global-art-market/

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   Who sold the most art in 2023?

   • The Art Basel & UBS Art Market Report 2024 The highest-selling artists at auction in the post-war and contemporary sector in 2023 were Gerhard Richter, Jean-Michel Basquiat, Andy Warhol, Yayoi Kusama and Joan Mitchell. Despite the market's downturn, ecommerce remains a major market trend and is up 7% over the previous year.

   Art Market Report 2024 - MutualArt

   www.mutualart.com/Article/Facing-the-Facts-on-The-Art-Basel---UBS-/91F766F417A03BCF

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   What happened to art sales in 2023?

   • With rising inflation and rising interest rates, 2023 saw a slowdown in art market sales. The report shows that, globally, sales fell by 4% year-on-year to about $65 billion but remain higher than the pre-pandemic level of $64.4 billion.

   Eight Trends In The 2024 Global Art Market - Forbes

   www.forbes.com/councils/forbesbusinesscouncil/2024/05/16/eight-trends-in-the-2024-global-art-market/

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   What happened to the UK art market in 2023?

   • The slump means that the U.K. represented 17% of the global art market by value in 2023, falling to third place after China, which accounted for 19%. The U.S. remains the largest art market in the world, representing 42% of total sales, but the figure is 3% lower than last year.

   5 Key Takeaways from Art Basel and UBS’s Report “The Art Market 2024”

   www.artsy.net/article/artsy-editorial-5-key-takeaways-art-basel-ubss-report-the-art-market-2024

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   Will art fair sales increase in 2024?

   • There was also a positive outlook overall among dealers, with 39% predicting an increase in art fair sales in 2024, 46% expecting a stable year ahead, and only 14% anticipating a decline. Online Sales: Global online sales grew in 2023 increasing 7% year-on-year and reaching an estimated USD 11.8 billion.

   The Art Basel and UBS Global Art Market Report 2024

   www.artbasel.com/stories/the-art-market-remains-resilient-in-2023--despite-a-slowdown-in-sales

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   What happened to art sales in 2022?

   • Sales of art valued at more than $10 million dropped by just under $2 billion last year. The dip in total auction sales of work by ultra-contemporary artists (those born after 1974) between 2022 and 2023. The revenue (in USD) from online-only sales at Sotheby’s, Christie’s, Phillips, Bonhams, and Artnet Auctions last year—down 12 percent from 2022.

   By the Numbers: The Art Market Has Fallen Back Down to Earth - Artne…

   news.artnet.com/market/by-the-numbers-year-ahead-report-2024-2446165

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8. www.artsy.net › article › artsy-editorial-artArt Industry Trends 2024 | Artsy

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   Jun 5, 2024 · This year, we surveyed gallery professionals from 68 countries to discover the main factors affecting their businesses in 2024—from discounting practices, to collector behavior, to the artists driving the most sales. This year’s report arrives against the backdrop of a tricky environment for the art trade.