Artprice by Artmarket publishes its 2020/21 Contemporary Art Market Report. With Frieze and FIAC soon re-opening, the Contemporary art market has grown 2,700% in volume over the last 21 years and 117% within the last 12 months, essentially driven by NFTs
Retrieved on:
Tuesday, October 5, 2021
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In the past 21 years, the Contemporary art market has posted a volume increase of +2,700% and it rose sharply by +117% last year.
Key Points:
- In the past 21 years, the Contemporary art market has posted a volume increase of +2,700% and it rose sharply by +117% last year.
- "As an artist/sculptor for over 35 years and creator of the Organe Contemporary Art Museum (dubbed "Museum of the Future" by L'Obs.
- And I believe this explains the growing passion for art which now attracts 120 million collectors, professionals and art enthusiasts."
- In terms of location, New York and Hong Kong hammered 60% of total global turnover from Contemporary art.