Premier Art Finance Artemundi Group / 2019 Premier Art Finance Artemundi Group : 201 | Page 30

N ew York · Lon d on · Mexi co City · M a d rid
PRIVATE VS PUBLIC MARKET .
In 2016, private sales by dealers and other agents accounted for 62.5% of the market by value, with public
auctions accounting for 37.5%.
Growth of Sales by Value in Auction Price Segments 2005 - 2018
Index:Base=100=2005
1200
$5m - $10m
1000
800 $1m - $5m
600 $250k - $1m
400
$50k - $250k
200
Under $50k
0
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
©Arts Economics (2019) with data from Artory
Sales at public auction of fine and decorative art and antiques accounted for 62.5% of the global market in
2016, reaching $35.3 billion USD of the total sales in 2016.
Dealer sales (which in this analysis include dealer and gallery sales and also private sales within the art trade)
reached $21.2 billion USD, accounting for 37.5% of total sales by value.
Western Fine Art Turnover and Lots sold (2005-2016)
$12,000,000,000
Revenue
Lost Sold
450,000
400,000
$10,000,000,000
350,000
$8,000,000,000
300,000
250,000
$6,000,000,000
200,000
$4,000,000,000
150,000
100,000
$2,000,000,000
50,000
0
$0
2005
30
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
©ArtPrice, 2017
www.artemundi.com