Global Art Market Outlook 2024
- Analyst: Lindsay Dewar
- Pages: 24
- Access: Analyst
The Contemporary art market ended 2023 a cautious note, with an overall year-on-year decline of 17.4% in global auction sales by Christie’s, Sotheby’s and Phillips. We could have a bumpy year ahead, mainly fuelled by external factors outside the art market’s control. However, the art market has shown resilience before, and for some, the downturn last year, might provide an opportunity to re-enter the art market, as price expectations align with a new reality.
About this report:
This is the 15th edition of ArtTactic’s annual Global Art Market Outlook. The report looks at international auction trends for modern and contemporary art between 2012 – 2023. It also includes predictions and forecasts for where the global art market might be heading in the next 12 months.
Who is it for?
This report is popular among collectors, art advisors, auction houses and financial investors, who want an insight into how experts view the global auction market in 2023, compared to 2022 sales performance.
