art trends

In 2024, global art and antiques sales reached $57.5 billion, down 12% year-on-year, while transaction volume rose 3% to about 40.5 million transactions and roughly 85% of dealer sales were for works under $50,000. Two leading houses Sotheby’s and Christie’s together accounted for about 49% of global fine-art auction turnover in 2023 (roughly $7.3B of $14.9B), a dominance they maintained into 2024, with Sotheby’s total sales about $6.0B and Christie’s about $5.7B. Sotheby’s fine-art auction revenue dropped 31% to $3.8B in 2024, while its private transactions rose 17% to $1.4B. The United States accounted for about 43% of global art