Art Market - Statistics & Facts

The art market is a marketplace of buyers and sellers trading in the services, articles, and works-of-art and culture commonly associated with the various arts. The global art market was valued at almost 64 billion U.S. dollars in 2017, up from almost 57 billion the previous year. This increase is also shown in the volume of global art sales which reached approximately 39 million transactions in 2017, up from a little over 36 million the previous year.

The art market does not just include the sales of art but also art museums, galleries and exhibitions. Some artists works are more commonly displayed than others. For example, in 2017 the most exhibited artist worldwide was Andy Warhol. There are also more commonly visited art museums; in the same year the Louvre, in Paris, was the most frequently visited museum with over 8 million visitors.

Collectors and auctions are also a typical part of the market. In 2017, the location with the highest volume of wealthiest art collectors globally was the United States. The U.S. is also the country with the highest share of art buyers worldwide and holds the highest global share of the auction market.

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Art Market in the United States - Important statistics

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Art Market Infographic - New York Beats Berlin For Artist Density
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