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From Beeple to Basquiat, the Contemporary Art Market Notched $2.7 Billion in Sales Over the Past Year

From robbreport.com

The contemporary art market raked in a record-breaking $2.7 billion in sales between June 2020 and June 2021, according to Artprice’s annual report. This incredible bump follows the relative implosion of the art market during the first half of 2020, when gallery sales dipped 36 percent following the early stages of the pandemic, according to a study. According to the report, the pandemic-era switch to online auctions initiated a shift in the kinds of works buyers are purchasing. Pieces that more easily translate to a digital format did especially well this year. “Photography and prints have been particularly ... (full story)

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