Artnet is releasing its data for 2013 which saw a huge pop late in the year that brought the market up to just short of the 2011 peak. There were 113 works sold for more than $10m which totaled $2.6bn and represented 18% of the total auction market:
In 2013, the global Fine Art market increased 5% by value sold from the previous year, earning over US$14.4 billion. Although this year’s total sales value fell short of the post-recession peak reached in 2011 (US$ 16.2 billion), this figure was particularly promising considering the sluggish performance of the art market in China (-3%) and the United Kingdom this year (-4%). Both countries failed to reach 2012 levels by value and volume sold, although their Q4 results suggest a more promising outlook for 2014.
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