The Easel

The Global Art Market Reached $67.4 Billion in 2018, up 6%

The art market in 2018 was looking “top heavy” and “vulnerable”, according to a key market report. Turnover was $US67bn, little changed from recent years. Dealers accounted for 53% of this with big galleries growing their share. Auction lots of over $1m were just 1% by volume but a huge 61% by value.  The US and UK are the two biggest markets. Gender equality improved, at a snail’s pace.