Art Market Saw $16 Billion in Sales Last Year

January 3rd, 2015

Andy Warhol, Triple Elvis [Ferus Type] (1963), via Christie'sGlobal art sales topped $16 Billion in 2014, according to the new figures released this week by Artnet, with Andy Warhol at the top of the list of top-selling artists for his $653.2 million in sales.  “The headline number is not so much a comment on the art market as it is on global wealth,” says Jeff Rabin of advisory firm Artvest Partners. “We haven’t seen a considerable increase in the number of objects sold. We have seen price appreciation at the top end.”

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