artnet news pro
Find out exactly how much the art market has shrunk in the last year.
This article is part of the Artnet Intelligence Report Year Ahead 2024. The new edition paints a data-driven picture of today’s art world, from the latest auction results to key artists and works, through an in-depth analysis of last year’s market performance. conversation.
The number of women included in the 100 best-selling fine art artists at auction in 2023 is the highest proportion ever recorded, matching 2022.
The average price (in US dollars) of art sold at auction last year has fallen by about 16% from 2022.
Revenues from art auction sales in China last year (US$). This number is a 13% increase compared to 2022, but it is the second lowest number this country has seen in the past 10 years.
Total sales of art by the Big Three auction houses – Sotheby’s, Christie’s and Phillips – are down year-on-year.
Number of artists who made their auction debut at Sotheby’s, Christie’s and Phillips last year. Only 2.2% of them did not find a buyer at the time of their debut.
The total amount spent on art at auction in 2023 (in USD) decreased by 12.7% compared to the previous year.
The winning rate of art at auction in 2023 was higher than in any year in the past decade except 2021 and 2022.
The diminishing returns generated by top-of-the-line art at auction. Last year, sales of art worth more than $10 million fell by just under $2 billion.
A decline in total auction sales of works by ultra-contemporary artists (born after 1974) from 2022 to 2023.
Last year, revenues (in USD) from online-only sales at Sotheby’s, Christie’s, Phillips, Bonhams and Artnet auctions were down 12% from 2022.
to follow artnet news On facebook:
Want to stay ahead of the art world? Subscribe to our newsletter for the latest news, eye-opening interviews and incisive critical views that move the conversation forward.
