Global Growth in Art Market

November 10, 2018
Bass Museum Miami Beach The Haas Brothers
The Haas Brothers: Ferngully at The Bass Dec. 5th
November 10, 2018
Art Basel Miami Beach
DEC 6-9 | Art Basel Miami Beach
November 13, 2018

Five key takeaways from Art Basel and UBS Global Art Market Report released in March.

  1.  
2017 saw an estimated $63.7 billion in total sales across the global art market.
  2. Strongest gains seen at the ultra-premium end of the market, sparking concern over top-heavy growth
  3. 
The biggest increases in both auction and dealer figures came at the very top of the market. At auction, 2017 saw a 125% increase insales value from the over $10 million bracket
  4. Online sales accelerate, but art fairs remain pivotal
  5. The online art market has seen a sizeable 72% increase over the past five years to reach an estimated $5.4 billion in 2017.

Want to read more? Download the report HERE.