Volume of transactions in the art market worldwide 2007-2023

The sales volume in the art market worldwide rose by approximately four percent in 2023 over the previous year. Despite the increase, the number of transactions in the global art market remained slightly below the figures recorded before the coronavirus (COVID-19) pandemic, totaling roughly 39.4 million in 2023. 

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, experiencing an annual decline. That year, the public auction market represented just under 40 percent of the global art value, with sales at public auctions of art and antiques worldwide generating around 25 billion U.S. dollars. 

What are the leading global art markets?

When breaking down the global art market by country, the United States held the highest share in 2023, accounting for more than 40 percent of the global sales value. That year, China, the United Kingdom, and France followed in the ranking.