Global Growth in Art Market

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.