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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 🌐🎨 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

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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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