Fig.3
Global market for public auction sales 2007-2017
Sales at public auction of fine and decorative art and antiques reached $28.5bn in 2017, representing an increase of 27% on the previous year. The US accounted for 35% of these sales, according to the 2018 report, with China the second largest auction market at 33%, followed by the UK at 16%. From 2007 to 2017 growth was in the high end bracket, with the value of sales of works sold for more than $10m increasing by 148% over the ten-year period.
Fig.4
Share of surveyed dealers by total sales in 2017