How Two Companies Dominate The $67 Billion Art World

By delouvois | May 9, 2022 |

CNBC

The global art market was valued at $67.4 billion in 2018, the second highest year ever.

The United States, United Kingdom and China are the three largest art markets in the world.

Their sales combined make up 84% of the global art market.

The auction house is one of the biggest drivers of the art market.

Sales at public auctions exceeded $29 billion last year. Two auction houses—Christie’s and Sotheby’s— compete head to head each year capturing more than 40% of global auction sales.

Posted in 2022, All posts, Art and Culture, For everyone, Reposts, World, ⏯ Vlogs and Animations and tagged Art and artists, Auctions and exceptional sales, Mainstream medias