Global art market share 2023, by country
The United States was the leading art market worldwide in 2023, generating 42 percent of the global art market value. That year, China ranked second, accounting for 19 percent of global sales. The United Kingdom followed in third place, representing 17 percent of the market.
How much is the global art market worth?
In 2023, the sales value of the art market worldwide amounted to 65 billion U.S. dollars, reporting a decline over the previous year. While the volume of transactions in the global art market experienced an annual increase in 2023, it remained slightly below the figures recorded before the coronavirus (COVID-19) pandemic.
What is the value of online art sales?
With most in-person sales and events being canceled or rescheduled during the health crisis, art dealers, fairs, and auction houses strengthened their digital departments, causing a boost in global online sales of the art and antiques market. In 2023, the value generated by online art transactions totaled nearly 12 billion U.S. dollars, remaining way above pre-pandemic levels.