Sotheby's Investor Presentation Deck
ART MARKET STRUCTURE
$67.4B
• Sales in the global art market in 2018 reached $67.4 billion,
up 6% year-on-year - 46% auction sector and 54% dealer
sector.
• Post-War and Contemporary art was the largest sector of the
ne art auction market in 2018, accounting for 50% by value
and 47% by volume. After two years of growth, the sector
reached total [auction] sales of $7.2 billion in 2018, an
increase of 16% year-on-year.
• The auction market for works by living artists advanced by
23% to $3.3 billion in 2018.
• Works of art selling at prices in excess of $1 million
accounted for 61% of total sales value in the ne art auction
market but for just 1% of lots sold.
All statistics from Art Basel & UBS Art Market Report 2019
Investor Briefing: April 2019
Decorative Art &
Antiques
51%
6
Global Auction
Sales
"Sotheby's and Christie's have over 80%
of the market for works over $1M."
- Martin Gammon, Art Newspaper
Old Masters
3%
Post-War & Contemporary
25%
Modern Art
14%
Impressionist & Modern Art
7%
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