Sales value at fine art public auctions worldwide 2021-2023, by segment
Between July 2022 and June 2023, fine art and NFT sales at public auctions worldwide generated around 14.1 billion U.S. dollars, recording a seven percent annual drop. Over that period, contemporary art accounted for roughly 16 percent of the total sales value. Meanwhile, ultra-contemporary art - a sub-segment of contemporary art focusing on artists under 40 years old - generated 273.5 million U.S. dollars, representing roughly two percent of all fine art public auction sales.