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The Global Art Market Report 2019

• The US is the largest market worldwide (accounting for 44% of sales)
• Millennials represent 39% of the art collectors in Hong Kong
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The Global Art Market Report 2019

DYK the US is the largest market worldwide (accounting for 44% of sales)?
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Buy original
#Art online!
Take a look
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The Global Art Market Report 2019

Nowadays, dealers base their competitive strategies on being able to successfully access the best-quality artists & artworks for their clients
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The Global Art Market Report 2019

DYK UK sales increased by 8% to $14Billion?
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The Global Art Market Report 2019

• The US reached sales of $29.9B in 2018
• Positive growth brought the art market to its second-highest level in 10 years
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The Global Art Market Report 2019

The strong performance of the US market buoyed the market to $68.2 Billion
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The Global Art Market Report 2019

• France accounted for 6% of the global art market in 2018
• There are over 300K businesses operating in the global art & antiques market
#365ArtFair#ArteFiera2020#ContemporaryArtpic.twitter.com/oCo2DgrHnB
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The Global Art Market Report 2019

• Sales in the EU were net positive, rising 2% year-on-year to $21Billion
• The Contemporary market shows a higher-than-average share of younger buyers
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The Global Art Market Report 2019

For dealers operating in the Contemporary market, the most common method for accessing works for sale is through consignments from artists
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The Global Art Market Report 2019

The division between public auction sales & private sales varies widely between countries and between the different sectors of the market.
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The Global Art Market Report 2019

• Financing & access to credit is a priority for dealers
• The number of works sold by dealers in decorative art & antiques rose by 7% in 2018
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The Global Art Market Report 2019

Works priced over $1 million accounted for 40% of the market by value, but just 3% of transactions
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The Global Art Market Report 2019

On average, 29% of dealers’ sales were to new clients buying from them for the first time in 2018
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The Global Art Market Report 2019

• Lots sold from works of art over $1million grew by 9% year-on-year
• Galleries in the primary market had 63% of total sales come from their top three artists
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The Global Art Market Report 2019

• Large primary-market galleries tend to represent fewer female artists
• Works of art selling for over $1 million accounted for 61% of total sales value
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" The enigma hidden deep inside the childish eyes of a Tahitian woman is and remains incommunicable. " - Paul Gauguin -
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The Global Art Market Report 2019

• Sales to private collectors dominated the dealer sectors at 68% of total values
• On average, dealers took part in four fairs in 2018
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The Global Art Market Report 2019

DYK 73% of the dealers surveyed had been operating for longer than 10 years?
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The Global Art Market Report 2019

In 2017, stronger consumer confidence & increased supply at the top of the market led to a much more favorable environment for sales
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