Growth of 1,800% in 19 years… and a price index up +22% last year… Contemporary art is now a global market on all five continents of the planet.
In 2000, the global Contemporary Art auction market turned over $103 million. In 2019 it hammered $1.9 billion.
Artprice by Art Market, founded and headed by Thierry Ehrmann, in collaboration with his Chinese institutional partner, Artron / AMMA (Art Market Monitor of Artron,) founded and headed by WAN Jie, has published its 22nd Annual Art Market Report.
The remarkable and perfectly matched increase in the three main growth indicators for the secondary market in Contemporary Art – global turnover, lots sold and the overall price index – clearly indicates a phase of extremely rapid sales growth over a 20-year period that has seen numerous unprecedented geopolitical, economic and financial crises.
The market’s price index has just posted a 22% increase, which dwarfs…
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