Ultra-contemporary art is a sub-segment of the contemporary art market focusing on artists under 40 years old. In the first half of 2023, the United States, Hong Kong, and the United Kingdom accounted for the highest sales of ultra-contemporary art worldwide. Between January and June 2023, public auctions in the U.S. represented nearly a third of revenue by ultra-contemporary artists. Meanwhile, Hong Kong and the UK accounted for 31 percent and 20 percent of that sub-segment's revenue, respectively.
Distribution of auction revenue by ultra-contemporary artists worldwide in 1st half 2023, by auction market
Figures include auction sales of paintings, drawings, sculptures, prints, photographs, videos, tapestries, installations, and NFTs. Data exclude antiques, furniture, and anonymous cultural goods.
Ultra-contemporary art refers to sales of contemporary artists under 40 years old.
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Artprice. (October 13, 2023). Distribution of auction revenue by ultra-contemporary artists worldwide in 1st half 2023, by auction market [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1340664/geographical-breakdown-revenue-ultra-contemporary-artists-worldwide/
Artprice. "Distribution of auction revenue by ultra-contemporary artists worldwide in 1st half 2023, by auction market." Chart. October 13, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1340664/geographical-breakdown-revenue-ultra-contemporary-artists-worldwide/
Artprice. (2023). Distribution of auction revenue by ultra-contemporary artists worldwide in 1st half 2023, by auction market. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1340664/geographical-breakdown-revenue-ultra-contemporary-artists-worldwide/
Artprice. "Distribution of Auction Revenue by Ultra-contemporary Artists Worldwide in 1st Half 2023, by Auction Market." Statista, Statista Inc., 13 Oct 2023, https://www.statista.com/statistics/1340664/geographical-breakdown-revenue-ultra-contemporary-artists-worldwide/
Artprice, Distribution of auction revenue by ultra-contemporary artists worldwide in 1st half 2023, by auction market Statista, https://www.statista.com/statistics/1340664/geographical-breakdown-revenue-ultra-contemporary-artists-worldwide/ (last visited December 21, 2024)
Distribution of auction revenue by ultra-contemporary artists worldwide in 1st half 2023, by auction market [Graph], Artprice, October 13, 2023. [Online]. Available: https://www.statista.com/statistics/1340664/geographical-breakdown-revenue-ultra-contemporary-artists-worldwide/
