THE ART MARKET IN 2023

Artprice by Artmarket.com & ARAA (Artron Research Academy of Arts)

In 2023 global art auction revenue shrank with a loss of momentum at the market’s high-end; but behind this relatively predictable decline, the auction world threw up a number of surprises and plenty of reasons to remain optimistic.

Our 2023 Art Market Report Report provides the keys to understanding the winds of change that have been sweeping the global art market for several quarters. It not only draws up a global inventory of sales but also looks at the geographical developments within this exciting market, the strategies of the major auction houses, and the evolution of the prices of the most sought-after artists. It also analyzes the various adjustments of the art market around the world, its primary force lines, its developments and its trends.

 thierry Ehrmann, CEO of Artmarket.com and Founder of Artprice: “Our 2023 Art Market Report is much more reassuring than the results of the major prestigious sessions alone suggest: the number of auction transactions reached a new absolute record and the unsold rate of lots has remained completely stable. The art auction market is therefore running at full speed with only the ultra high-end segment slowing down.

Artprice by Artmarket.com – world leader in art market information – continues its collaboration for the fifteenth consecutive year with the Chinese company Artron, whose ARAA service provides essential information on the Chinese art market. Together we publish the world’s most comprehensive annual report on the art market. The global coverage of art auction sales made possible by the association of Artprice and Artron allows a comprehensive view of the structural evolution and trends in the global art market. This report is therefore unique and we are proud to present it to you in three languages: French, Mandarin and English.”

Download our 2023 Art Market Report for free, online as well as in PDF version: English – French – Chinese !

We hope you find it useful

Detailed summary

Overview: Winds of change after two record years

State of the market

The year in review

Structure and evolution of the market by price range

Geography of the art market and the main auction houses

Top performing countries

Global ranking of auction houses

Geographic developments in the market

The artists and works that marked the year

The relative market weight of the different creative periods

Which artists generated the highest transaction volumes

Second best performance by female artists

Top 100 Fine Art works sold at auction in 2023

Top 500 artistes by auction revenue in 2023