On a 20 year period, post war, contemporary works of art delivered a compound annual return (CAR) of 10.7 % above the Standard & Poor total return of 8.3%. Source Deloitte Art & Finance report.
Sales in the global art market reached $63.7 billion in 2017, up 12% from 2016.
Post War and Contemporary art was the largest sector by value in 2017, accounting for 46%, followed by Modern art (27%), Source The Art Market 2018, Art Basel & UBS Report 2018
The Art Market: online growth
“ For those who say the online art market has had its day — it hasn’t even had its morning yet, it’s still waking up.”
Online art market sales reached an estimated $3.75 billion in 2016, up 15% from 2015. $9.1 billion is the estimated value of the online art market by 2021.*
*Source The Hiscox Online Art Trade Report 2017.
