


Leading Markets: The top three markets – United States, United Kingdom and China – further cemented their position in the market in 2018, accounting for 84% of total sales by value. This brings the market to its second highest level in 10 years, with values advancing 9% over the decade from 2008 to 2018. Global Sales: Showing a second consecutive year of positive growth, the global art market in 2018 reached $67.4 billion, up 6% year-on-year. Key findings of The Art Basel and UBS Global Art Market Report include: The full report is free to download on the Art Basel and UBS websites. McAndrew delves deeper into the collecting behavior of HNW collectors across five national markets, undertaken in partnership with UBS, as well as analysing issues related to artists’ representation and gender in the art market in 2018. Equally driven by the top end of the market, sales at public auction also increased with the United States showing the strongest growth. Sales in the dealer sector increased, driven by gains at top end and marked by further consolidation overall. Last year, the global art market grew by 6%, reaching an estimated $67.4 billion, with the United States extending its position as the largest market and the United Kingdom regaining its place as the second largest market ahead of China. Clare McAndrew, Founder of Arts Economics, The Art Market 2019 presents the results of a comprehensive and macro-level analysis of the global art market in 2018. Written by renowned cultural economist Dr.

Global art market reaches its second highest level in 10 years, amidst further consolidation at the top endĪrt Basel and UBS today published the third edition of the Art Basel and UBS Global Art Market Report.
