Artprice Notes Record Sales of $15.2 Billion in 2014

February 28th, 2015

The annual figures by Artprice have placed 2014 as another record year in the art market, with $15.2 billion in works sold at auction in the past year, including a record 1,679 sales worth $1 million or more.  “More museums were created between 2000 and 2005 than during the entire 19th and 20th centuries,” says Wang Jie, president of and Artron group.  “A museum needs a minimum of 3,000 to 4,000 quality works to be credible… (and) is not meant to get rid of its acquisitions.”

Read more at The Telegraph