Global online sales of the art and antiques market 2013-2023
Total online sales in the art and antiques market worldwide increased by roughly seven percent in 2023 over the previous year. Overall, the value of online transactions in the global art and antiques market remained significantly higher compared to the figures reported before the coronavirus (COVID-19) pandemic, totaling around 11.8 billion U.S. dollars in 2023.
The NFT art market
The figures on the online transactions in the global art and antiques market do not include the sales value of art and collectible NFTs worldwide. In 2023, global sales revenue of both collectibles and art-related non-fungible tokens experienced a sharp annual decline. When focusing on the NFT art segment, Art Blocks was the non-fungible token art collection with the highest market cap as of December 2023.
What is the size of the global art market?
In 2023, sales in the global art market totaled 65 billion U.S. dollars, denoting a decline over the previous year. Meanwhile, the volume of transactions in the art market worldwide rose by around four percent over the same period but remained below pre-pandemic levels.
