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Throughout 2024, geopolitical tensions, political uncertainty, and economic instability in many of the developed parts of the world negatively impacted the art market, causing a 12% contraction in global sales. Discover how data, tech, and new perspectives are shaping the future of art. Amid a challenging economic environment, global art market sales reached an estimated $57.5 billion in 2024
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Modern art market analytics enable unprecedented precision in measuring crisis impact According to the report, global art sales in 2024 declined by 4% compared to the previous year, falling to $64.7 billion In 2024 the art market continued its contraction against a backdrop of global geopolitical and economic tension
This 30th artprice annual report analyzes the significant developments in the art auction market during 2024 and highlights the new dynamics at play.
Emerging markets and cultural diplomacy open new opportunities, but wealth disparities and currency fluctuations add complexity To understand how these factors influence prices and trends, explore what’s shaping the global art scene today. Works priced above $10 million plummeted by 39%, dragging the broader figures down with them.
