Industry data

The British Art Market in 2023 report has revealed that UK global market share declined from 21% in 2016 to 18% in 2022, but it stays in second place.

A survey of wealthy collectors revealed optimism for buying art in the future.

Christie’s reported total sales of $3.2bn (£2.5bn) for the first half of 2023, down 23% on the same period the previous year.

Auction house Bonhams has reported turnover for the first half of 2023 grew 32%, the best result in its history.

The online art market continues to grow year on year with sales up 6% in 2022 according to the latest Hiscox Online Art Trade Report.

Large art galleries in the US were the top payers of 2022, according to a new salary report.

Worldwide art and antiques sales increased 3% year-on-year to an estimated $67.8bn (£54.8bn) in 2022, according to the latest Global Art Market Report.

For the first time in its history Bonhams has reported an annual turnover of more than $1bn (£840m). The figures released for 2022 follow a raft of acquisitions by the company.

The top auction houses announced their full year sales results revealing that Christie’s is back on top.

A group of scientists and art specialists met to discuss proposals to create industry-wide standards for condition reports and the verification of art and antiques.

Phillips reported total sales of $746m for the first half of 2022, up 37% on the previous year.