Global sales of art and antiques have fallen for a second consecutive year, declining by 12% in 2024 to an estimated $57.5 billion, according to the latest annual Art Market Report by Art Basel ...

The market’s lower end, meanwhile, saw modest growth: sales of art in the $10,000-to- $100,000 range increased by 3.1 percent year over year, while art priced between $100,000 and $1 million ...

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About $4.6 billion of that total represented auction sales, down 28% from 2023. Another $1.4 billion represented privately brokered art sales, up 17% last year.