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The Art Market 2024 – A Year in Review

  • Analyst: Lindsay Dewar
  • Pages: 30
  • Access: Analyst

There is light at the end of the tunnel

 

The global art market faced a challenging year, navigating geopolitical uncertainties, worldwide elections, and economic headwinds. Auction sales for Old Masters, Impressionist, Modern, Post-War, and Contemporary Art at Sotheby’s, Christie’s, and Phillips reached over $4 billion in 2024, reflecting a decline from 2023.

We are delighted to present ArtTactic’s The Art Market 2024 – an annual review that captures some of the key art market trends and moments over the last 12 months. In this report we take a close look at the global auction market in 2024 and some of the key trends emerging across different artist generations.

This analysis is based on auction sales at Christie’s, Sotheby’s and Phillips between 2015 and 2024. The analysis covers Old Masters, Impresssionist, Modern, Post-War and Contemporary auction sales in New York, London, Hong Kong, Paris, Milan, Shanghai and Singapore. Our definition of artists’ categories are defined by the artist’s birth date. Old Masters (pre-1819), Impressionist (1820 – 1879), Modern (1880 – 1909), Post-War (1910 – 1929), Contemporary (1930 – 1978) and Young Contemporary (1979 Onwards).

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