This original photograph is currently for sale. At the present time, originals are not offered for sale through the Fine Art America secure checkout system. Please contact the gallery directly to inquire about purchasing this original.
In 2019, global art sales eased 5% year-on-year to an estimated $64.1 billion – while the volume of transactions hit a decade-high of 40.5 million, according to the latest edition of the Art Basel and UBS Global Art Market Report. Authored by renowned cultural economist Dr Clare McAndrew, the annual analysis is the definitive guide to key trends and developments – with an additional survey of 1,300 high-net-worth collectors by UBS Investor Watch and Arts Economics providing fresh insight into buyer behavior.
Further insights include active spending by millennial and female collectors, and an increase in the number of online purchases in excess of $1million.
48% of high-net-worth collectors surveyed said they ‘always’ or ‘often’ purchased works through online platforms. Of those that had bought online, one quarter had spent more than $100,000, while 8% had spent over $1 million – double the share that had spent at that level in 2018.