Too Long; Didn't Read
Global art market grew 6% in 2018 to 67.4 billion in sales according to economist Clare McAndrew’s report “The Art Market 2019,” released by Art Basel and UBS. Despite the 6% growth, 57% of dealers saw their sales decline in 2018. This follows a trend over the past decade, during which the value of all sales has gone up 9%, while the number of artworks sold has gone down 9%. Just 0.2 percent of artists have work that sells for more than $10 million.