The Art Market in 2024

All the relevant data surrounding the Fine Art & Decorative Art markets
Last Updated:

Global Snapshot

Past Year
-86%
YOY Change
The difference in total sold art for the same period year-to-date.
Sell-Through Rate
How many of offered lots were sold.
Below $100K
$100K — $1M
Above $1 Million
Sold Lots
The percentage of all sold lots by price segment.
Hong Kong
2,523,113,319 USD
Total aggregated auction sales.
Pablo Picasso

Spanish | 1881 - 1973

Total sales
past 12 months (USD):
$548,433,110
VS Previous Year: 100%
See Artist Performance
Wang Meng

Chinese | 1308 - 1385

Total sales
past 12 months (USD):
$40,420,284
VS Mid-Estimate: 99%
See Artist Performance
Barkley Hendricks

American | 1945 - 2017

Total sales
past 12 months (USD):
$16,630,900
VS Previous Year: 99%
See Artist Performance
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Breakdown

Past Year

Total Auction Sales

Category USD Vs Last Year
Post-War & Contemporary 4.7B -24%
Impressionist & Modern Art 2.7B -33%
Asian Modern & Contemporary 1.4B -12%
Old Masters 492.9M -30%
19th Century 481.4M -61%
Region USD Vs Last Year
Europe 5.8B -29%
United States & Canada 2.7B -24%
Asia 1.8B -5%
Central and South America 167M -4%
Middle East & Africa 142.3M -6%
Medium USD Vs Last Year
Painting 7.4B -27%
Works on Paper 1.6B -1%
Sculpture 1.1B -28%
Prints & Graphic Art 411.2M -19%
Architecture & Design 215.5M -28%
Location USD Vs Last Year
United States & Canada 5.3B -32%
Europe 2B -13%
UK 1.8B -7%
Rest of World 1.4B -27%
China 600.6M +25%

Top Auction Houses

Auction House:
London | UK
Offered Lots: 974
Sell-Through Rate: 71%
Total Sold Value: 167,995,576 USD
Auction House:
Midtown | New York | USA
Offered Lots: 2912
Sell-Through Rate: 82%
Total Sold Value: 156,962,702 USD
Auction House:
Upper East Side | New York | USA
Offered Lots: 2667
Sell-Through Rate: 76%
Total Sold Value: 128,854,757 USD
Auction House:
Hong Kong | Hong Kong
Offered Lots: 724
Sell-Through Rate: 42%
Total Sold Value: 122,313,064 USD

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Artist Performance

Andy Warhol

American | 1928 - 1987

Andy Warhol was an American Postwar & Contemporary artist who was born in 1928. His work is currently being shown at multiple venues like Guggenheim Bilbao. Numerous key galleries and museums such as Fondation Beyeler, Basel have featured Andy Warhol's work in the past.Andy Warhol's work has been offered at auction multiple times, with realized prices ranging from 5 USD to 195,040,000 USD, depending on the size and medium of the artwork. Since 1998 the record price for this artist at auction is 195,040,000 USD for Shot Sage Blue Marilyn, sold at Christie's New York in 2022. Andy Warhol has been featured in articles for Telegraph, Daily Art Magazine and Galerie Magazine. The most recent article is "Cats, Owls, and Mountains" Have Taken Over the Tokyo Art Scene written for ArtDaily in April 2024. The artist died in 1987.

Change in Total Sales,
Number of Lots Offered and Sold

Sold Lot Performance Against Estimate

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