Artmarket.com: Mixed results for the Art Market in 2024

Artmarket.com has published its 30th Artprice Report, which predicts a dynamic 2024 for the Art Market, despite a -33.5% drop in revenues, reaching $9.9 billion. The number of transactions, however, increased by 5%, with a historic total of 804,350 works sold. The United States, the European Union and China dominate the market, while France stands out with its second place in transaction volume, surpassing Beijing and Shanghai.

The report also illustrates a strong increase in online sales and highlights women artists. Despite the decrease in the number of million-dollar auctions, the liquidity of the market has never been higher. Live sales on the Internet have generated significant growth. The dematerialization of the Art Market continues to transform traditional practices.