Global Art Market Outlook 2023
- Analyst: Lindsay Dewar
- Pages: 24
- Access: Analyst
The art market has shown a remarkable ability to recover from the depths of the 2020 pandemic. The numbers speak for themselves, as Sotheby’s, Christie’s and Phillips global auction sales jumped 70% in 2021, followed by a further 13% increase last year, a new all-time high for the auction market. The most remarkable aspect about last year’s result was that this took place during a time of great geo-political uncertainty, and with strong economic headwinds gathering pace in the second half of the year. So are these signs of the resilience of today’s art market, or just a lag effect that will start to play out in 2023?
About this report:
This is the 14th edition of ArtTactic’s annual Global Art Market Outlook. The report looks at international auction trends for modern and contemporary art between 2012 – 2022. 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 2022, compared to 2021 sales performance.
