In 2020, auction houses worldwide focused on the sale of art online as a response to restrictions caused by the coronavirus (COVID-19) pandemic. As a result, global online auction revenue from contemporary art skyrocketed in the first half of 2020, reaching 81.9 million U.S. dollars and roughly doubling the revenue recorded in 2019.
Online auction revenue from contemporary art sales worldwide from 2013 to 2020
(in million U.S. dollars)
Characteristic
1st half
2nd half
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Figures have been rounded and are based on results from Fine Art public auctions.
Data refers to: paintings, sculptures, drawings, photographs, prints, videos, and installations by contemporary artists, namely artists born after 1945. It excludes antiques, anonymous cultural goods, and furniture.
The auction results include the buyer’s premium.
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Statista. (December 16, 2020). Online auction revenue from contemporary art sales worldwide from 2013 to 2020 (in million U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1193595/global-online-auction-revenue-contemporary-art/
Statista. "Online auction revenue from contemporary art sales worldwide from 2013 to 2020 (in million U.S. dollars)." Chart. December 16, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1193595/global-online-auction-revenue-contemporary-art/
Statista. (2020). Online auction revenue from contemporary art sales worldwide from 2013 to 2020 (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1193595/global-online-auction-revenue-contemporary-art/
Statista. "Online Auction Revenue from Contemporary Art Sales Worldwide from 2013 to 2020 (in Million U.S. Dollars)." Statista, Statista Inc., 16 Dec 2020, https://www.statista.com/statistics/1193595/global-online-auction-revenue-contemporary-art/
Statista, Online auction revenue from contemporary art sales worldwide from 2013 to 2020 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1193595/global-online-auction-revenue-contemporary-art/ (last visited July 22, 2024)
Online auction revenue from contemporary art sales worldwide from 2013 to 2020 (in million U.S. dollars) [Graph], Statista, December 16, 2020. [Online]. Available: https://www.statista.com/statistics/1193595/global-online-auction-revenue-contemporary-art/