This text is a part of the Artnet Intelligence Report Mid-12 months Evaluation 2023. Marking 5 years of our biannual Intelligence Experiences, this inaugural half-year version paints a data-driven image of in the present day’s artwork world, from the most recent market outcomes to the artists and artworks main the dialog. Learn the complete report right here.
The whole (USD) spent on tremendous artwork at public sale between January 1 and Might 20—down 14 p.c from the equal interval in 2022.
The sum (USD) spent on tremendous artwork at public sale within the United States within the first 5 months of 2023, by way of Might 20—significantly extra than any different nation.
The quantity of cash (USD) spent on ultra-contemporary artwork—our time period for work by artists born after 1974—at public sale by Might 20, 2023. That’s down greater than 25 p.c from the identical interval in 2022.
The variety of girls among the many 100 top-selling tremendous artists at public sale within the first 5 months of 2023. That’s fewer than final yr—however for the primary time, a couple of girl handled to crack the high 20.
The common worth (USD) of a tremendous art work offered at public sale within the first 5 months of the yr, down 6 p.c from 2022.
The decline in income from online-only gross sales at Christie’s, Sotheby’s, Phillips, Bonhams, and Artnet Auctions within the first 5 months of the yr. The overall stays greater than 300 p.c larger than in 2019, earlier than the pandemic modified the sport for on-line gross sales for good.
The dip to date in whole gross sales generated by the Massive Three public sale homes —Sotheby’s, Christie’s, and Phillips—year over yr.
The decline in income from the highest-end artworks at public sale. Within the first 5 months of 2022, works priced at $10 million and up generated a complete of $2.4 billion. However because the extraordinary materials that piled up in the course of the pandemic started to dwindle, gross sales on this high worth bracket slumped to $1.2 billion.
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