Global Art Market Value Topped €51 Billion Last Year, FT Reports

May 15th, 2015

An Auction at Christie's, via Art ObservedA piece in the Financial Times notes that the value of the global art market topped €51 billion last year, an astounding figure that comes as Christie’s topped a $1 billion in sales this week alone.  Featuring in-depth analysis, the article notes the U.S. and China as the top shareholders in market value, and as well as the interesting detail that most dealer inventory rarely moves in under 6 months, despite that current clamor for works on the market.   

Read the study at FT