![]() ![]() The overall art price index fell by -18% between 1 January and 31 December 2022. In 2022, 80% of the artworks sold for less than $4,500 at auction (versus $4,800 in 2021). The median auction price was $760 in 2022 versus $930 in 2021. The average auction price for artworks was $23,500 in 2022 compared with $25,730 in 2021. ![]() The proportion of unsold lots progressed from 31% in 2021 to 35% in 2022, suggesting the market became slightly more selective. The volume of transactions reached a new historic level with 705,000 lots sold, compared to 672,000 in 2021. Including China, the global art auction market totaled $16.56 billion versus $17.08 billion in 2021, a 3.1% contraction primarily due to the sharp fall in China’s turnover (-34%) as a result of its zero-COVID policy. In the West, fine art auction turnover reached a new high at $12.6 billion, up 16% versus the $10.9 billion total in 2021. ![]() Such figures were generally not expected before 2025-2027”.Īrtprice by Artmarket is pleased to announce the publication of its 26th annual report “The Art Market in 2022”, available free of charge, in full and in three languages, both as a consultable online document and as a downloadable PDF: The dematerialization of the art market and its increasing reliance on the Internet is today a reality on all five continents of the world, a reality that will eventually relegate physical auction rooms to the history of the 20th century.Īccording to Thierry Ehrmann, CEO of and founder of Artprice, “the migration to the Internet of auction houses has taken on spectacular proportions with, on the one hand, a 2,700% increase in the advertising of auctions on the Internet and, on the other hand, and 810% increase in the live-stream sales over the three years of the COVID pandemic. In this report, Artprice presents, among other elements, its famous rankings, including the Top 500 Artists by fine art and NFT auction turnover in 2022, and the Top 100 fine art and NFT works sold at auction in 2022. However, art market professionals are expecting a very substantial rebound in China’s art market in 2023 and much fiercer competition with the United States.Īs part of their collaboration to produce truly global art market reports, Artprice, and its Chinese state publishing partner, Artron, are monitoring this fierce competition very closely. In China, the government’s zero-COVID policy caused a sharp 34% contraction in fine art auction turnover to $3.9 billion versus $5.9 billion in 2021. The results of the 2022 Art Market are excellent, despite the pandemic which will remain etched in the history of the modern world and which fortunately seems to be coming to an end.ĭespite ongoing negative impacts from the pandemic, the figures show a 16% increase in Western auction turnover compared with the previous year (2021). ![]() All uses of the $ sign refer to US dollars. paintings, sculptures, drawings, photographs, printmaking, videos, installations, tapestries, and NFTs (excluding antiques, anonymous cultural property and furniture), and covers the period between 1 January and 31 December 2022.Īll prices indicated in this Artprice by Artmarket report refer to results from public auctions, including buyer’s fees. PARIS, Ma/PRNewswire/ - Artprice’s 26th Annual Report, “ The Art Market in 2022“, offers a global analysis of public sales of fine art, i.e. ![]()
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