Global Post reports on some numbers released by Artprice.com covering the Contemporary art market from June 2012 to June 2013 where the French auction price database saw a 15% rise in sales of Contemporary art over the previous year and topping the all-time high of 2007-2008:

Artprice calculated the total value of such works sold in 2012-13 at 1.047 billion euros ($1.4 billion), surpassing the previous year’s sales by 140 million euros as well as the previous record of 979 million euros, set in 2007-08. […]

Contemporary art still represents only 13 percent of the global art market but its significance is no longer in doubt: only ten years ago the sector’s sales totalled just 75 million euros.

The growth in the value of sales over the last year was not a result of more works coming to market: the total of around 45,000 items was stable.

Sales of Less Elitist Contemporary Art Soar (Global Post)