Peak Performance: The Art Market Beyond $1 Million 2018–2022

  • Analyst: Sotheby's & ArtTactic
  • Pages: 59

We are delighted to partner with Sotheby’s to present the inaugural edition of Sotheby’s Insight Report, a new series that will examine key aspects of the art market through the objective lens of data-driven analysis and expert critical perspectives.

Peak Performance: The Art Market Beyond $1 Million, 2018–2022,  provides new perspectives on the global $1m+ fine art market over the past five years, based on auction sales at Sotheby’s, Christie’s and Phillips. The analysis in this report draws on auction data gathered and analysed by ArtTactic and covers three main fine-art collecting segments – Contemporary, Impressionist & Modern and Old Masters – as well as Chinese traditional paintings and works of art.

The aim of this analysis is to track and monitor emerging trends by taking an in-depth look at a narrow, but important segment of the fine art market. Although the $1m+ market is the most covered in the media in terms of reporting record-breaking auctions, it is not always properly understood in terms of its role within the broader art market.

We believe that understanding the dynamics and characteristics of this important market has real value for collectors and other art market stakeholders who are navigating a shifting, ever-more-complex global art marketplace.