Information about the Czech art market has been released:

Collectors and investors spent record 881 million crowns in total at art auctions in the Czech Republic in 2012, representatives of the Artplus.cz portal told reporters Tuesday, presenting their yearbook of art auctions sales.

The 2012 turnover at art auctions was 17 percent higher than the previous record from 2009, and 36 percent higher than in 2011.

Collectors spent a total of 200 million crowns on the ten most expensive works of art at Czech auctions in 2012, while the year before the sum was less than 100 million.

A total of 138 paintings and sculptures were sold for over one million crowns each last year, according to the Artplus.cz yearbook of the 2012 art auction market results, including the auction surcharge. […] Works for over one million crowns each make up 61 percent of the turnover. Ten percent of the most expensive works of art sold at Czech auctions make up 90 percent of the turnover, he added.

Record CZK 881m spent at Czech art market in 2012 (Praque Daily Monitor)