-11% Fall in total global art market sales in 2016 to $56.6bn, from $63.8bn in 2015.
-26% Decline in the value of sales at auctions compared with previous year to an estimated $22.1bn.
+5% Rise in sales at art fairs to $13.3bn in 2016. Art fairs accounted for an estimated 41% of dealer sales in 2016.
+4% Rise in sales of art and antiques online, reaching $4.9bn in 2016, to account for almost 9% of the market by value.
+5% Increase in employees in the global art and antiques trade to three million people, across 310,000 businesses.
+10% Growth in the wealth of the Asia- Pacific region becoming the largest region for high-net-worth individuals in 2016, at $17.4trn, overtaking North America.
+3% Rise in dealer sales to $32.5bn.
40% The US share of the global art market. The UK is second at 21% of the market and China has 20%.
52% Post-war and contemporary art’s share of the global art market. However, at $5.6bn, sales fell 18%. Old Master sales, although a much smaller part of the market, rose 5% to $1.4bn.
57% of art market sales were via dealers in 2016, 43% via auctions.
