In 2024, the global art market experienced a substantial drop in sales. A total of 40.5 million pieces were sold, generating $57.5 billion.
According to The Art Market Report 2025 by Arts Economics, this represents a 12% decrease from the previous year’s figure of $65.2 billion.
Key Points
- Total Pieces Sold: 40.5 million
- Total Revenue: $57.5 billion (down from $65.2 billion in 2023)
- Percentage Change: -12%
Despite an increase in the number of pieces sold compared to the previous year, the overall value dropped significantly.
Post-Covid-19 pandemic, there was only a modest recovery in 2024, which was interrupted by another decline starting in 2022. This trend suggests shifting paradigms in global art market dynamics.
