The Changing Nature of the $1m+ Art Market | Sotheby’s

Mar 14, 2023  · Despite these turbulent times, the upper end of the art market has proved remarkably resilient. The London-based art market analysis firm ArtTactic has researched …


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The Changing Nature Of The $1m+ Art Market | Sotheby’s

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Mar 14, 2023  · Despite these turbulent times, the upper end of the art market has proved remarkably resilient. The London-based art market analysis firm ArtTactic has researched …

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Peak Performance: The Artists Who Power The $1 Million+ Market …

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It also includes unique analysis on bidder trends and demographics as well as private sales based on Sotheby’s proprietary data. We believe that this combination of public and private art …

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10 Key Takeaways From The Sotheby’s Insight Report

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Million-dollar art drives the auction market. Art in the $1m+ range represents a tiny fraction … The $1m+ market shows resilience in times of uncertainty. Since 2020, we have seen a … The biggest growth is in the $20m+ price band. While most high-end sales were in the $1m … Most private sales involve $1m+ art. Private sales of $1m+ art at Sotheby’s rose to $1.41bn … Impressionist and Modern art is the leading category. Impressionist and Modern art … See full list on sothebysinstitute.com

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Sotheby’s Insight Report: The Artists Who Power The $1M+ Art …

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Feb 8, 2024  · Sotheby’s Insight Report: The Artists Who Power the $1M+ Art Market. February 8, 2024; Download the report here. Share the Post: MORE. ... 06.18.2024 Esther Schipper on …

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Unpacking The Current State Of The $1m+ Art Market: A Webinar At …

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Oct 3, 2023  · Jacqueline Wachter, vice chairman and senior specialist, private sales at Sotheby's joins Josh Baer and Liz Sterling of The Baer Faxt to unpack the current state of the $1m+ art …

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How Valuable Is The High-end Art Market? | Modus - RICS

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May 13, 2024  · That market is the subject of two reports by the auction house Sotheby’s, which has compiled data on $1m+ art sales from its own auctions along with Christie’s and Phillips. …

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Overall $1m+ Art Market - Sotheby’s

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Mar 14, 2023  · The market for $1m+ Impressionist and Modern art was strong in 2022, overtaking Contemporary art as the largest category by value. Of $1m+ sales, $4.25bn were for …

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The $1m+ Contemporary Market - Sotheby’s

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Mar 14, 2023  · While Contemporary art made up 44.7% of the overall auction market in 2022, it accounted for 41.8% of the $1m+ market. Contemporary art worth $1m or more has bounced …

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FAQs about The Changing Nature of the $1m+ Art Market | Sotheby’s Coupon?

Is the upper end of the art market resilient?

Despite these turbulent times, the upper end of the art market has proved remarkably resilient. The London-based art market analysis firm ArtTactic has researched sales of $1m+ works of art at the three major auction houses – Sotheby’s, Christie’s and Phillips – over this period for this report. ...

Will the $1m+ art market grow?

As long as younger generations regard art as an important signifier of lifestyle, community action and philanthropy (as well as a canny investment), and older wealthy individuals as a marker of status and acquired knowledge, the $1m+ art market is surely set to grow. ...

Does Sotheby's sell more luxury than art?

Last year, luxury generated about 33 percent of sales at Sotheby’s, compared with 16 percent at Christie’s, according to the companies’ communications teams. But the category attracted more buyers than art did. Guillaume Cerutti, the chief executive of Christie’s, spoke to reporters last month during an end-of-year media call. ...

Does Sotheby's have a peak performance report?

Titled Peak Performance, the report covers data from Sotheby’s, Christie’s and Phillips’ auction sales between 2018 and 2022 of Impressionist, Modern and contemporary art, as well as Old Masters. The data is augmented with information from Sotheby’s private sales department. ...

Why are Sotheby's & Christie's selling so much in 2024?

Sales at Sotheby’s and Christie’s were down for the second year in a row in 2024, according to preliminary figures released by the companies in December. With both supply and demand for big-ticket art in a slump, the auction houses are making major bets on selling luxury goods and niche experiences to make up the shortfall. ...

How much did Sotheby's sell in 2023?

Sotheby’s estimated it would have turned over about $6 billion in auction and private sales by year-end, a decline of 24 percent on 2023. Christie’s announced projected aggregate sales of $5.7 billion, down 6 percent year-on-year. Back in 2022, Sotheby’s and Christie’s posted annual turnover of $8 billion and $8.4 billion. ...

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