Sotheby's Investor Briefing
VIBRANT AND GROWING GLOBAL ART MARKET
Global Art Market
$58 billion
Auction Sales
$10 billion
Private Sales
52% of Art Market
$14 billion
·
• In 2012, the combined auction sales of Sotheby's and Christie's reached
$9.7bn, up from $3.4bn in 2001
"
The global auction market was estimated at $58bn in 2012, up from
$36bn in 2001, or 61%
•
·
An annual growth rate of approximately 9% over the eleven year
period
The private sale market is currently estimated at approximately 52% of
the global art market, which approximates historic levels
Over the last five years, the Chinese art market has been the fastest
growing art market in the world, reaching $14bn in 2012
■
Sotheby's 2013 October Hong Kong sales series brought $538mm,
the highest total ever for this series of sales and over 100% higher
than the prior year total of $262mm
• The emerging Chinese art market presents new opportunities to drive
global sales by engaging and educating a growing population of
wealthy potential collectors
Source: TEFAF Art Market Report 2013 and 2002
Note: Global art market and Chinese art market figures converted from euros to dollars at 1.35 as of 30-Sep-2013.
Sotheby's
6View entire presentation