What was happening in the art market in 2024?
Published on 4 february 2025The online platform Artsy, the world's leading online database for finding, selling and discovering works of art, published its art market report for the past year 2024 at the end of last year. Although the report draws only on its own data and thus does not cover the entire art market, as the leading global database with over a million works of art from more than 4,000 artists, it is a good source that provides primary market data for both amateur collectors and investors.
The report says that we have several signs of optimism for this year 2025: inflation and interest rates are going down and everything indicates that this trend will continue; political uncertainty has largely decreased in the previous year, as more than 60 countries have held elections. These and other factors are already reflected in the art market. Last year, average sales per gallery increased by 15%, reaching the highest percentage since 2021. In 2024, interaction between users and artworks also increased.
At Stoja Art Collection Gallery, we have prepared a translation of the entire report into Slovenian for you, which you can read or download here.
It also includes the most sought-after and most breakthrough artists of 2024, artists with the most stable sales in the last four years, which is a particularly good investment source, and the author of the report was also interested in the nationality of the most sought-after artists and what the art market was like for female artists this year.
Article author: Špela R.
Source: Artsy
