THE contemporary

$1,200 million
$1,000 million
$800 million
H1
H2
$600 million
$400 million
$200 million
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Revenue from Contemporary Art Auctions 2005 – H1 2015
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THE CONTEMPORARY
ART AUCTION MARKET:
KEY FIGURES
July 2014 – June 2015
$1.76 billion in Contemporary art auction
turnover, down 12% versus the previous
12-month period.
+1,800% over 15 years. For the 2000/2001
period, the turnover total was $93 million. In
2006/2007 it reached $365 million.
13% of the global art market, Contemporary
art’s share of the global Fine Art auction market
today.
91% generated by the three majors
powers. In global Contemporary art auction
turnover shares: the USA with 37%, China with
30.9% and the UK with 23.3%. The rest of the
world accounts for a very small portion.
$410 million generated in the UK, a sharp
increase (+74.7%) that confirms London’s growing
strength. The UK is now only $130 million behind
China compared with a gap of $630 million the
previous year.
2% – France’s share in global turnover.
Ranked fourth in the world... but a long way
behind the three leaders.
-36.9% in China. Shedding more than a third
of its Contemporary art turnover versus the
previous period, China lost its leader position to
the United States.
Top 10 Cities by Auction Revenue
Contemporary Art Auction July 2014 – June 2015
Unsold
City Auction Revenue Sold Lots rate
1 New York $631,286,370 3,379 29.3%
2 London $407,277,143 3,642 33.6%
3 Beijing $228,127,283 5,105 29.9%
4 Hong Kong $146,669,088 1,591 33.1%
5 Shanghai $52,228,133 1,196 34.4%
6 Nanjing $33,180,567 1,784 26.3%
7 Paris $31,047,445 3,954 52.1%
8 Guangzhou $27,219,573 1,221 30.0%
9 Hangzhou $17,129,760 235 11.7%
10 Taipei $13,482,204 364 31.6%
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Rank
55,400 contemporary artworks sold.
In 2014/2015, the Chinese market remained the
most active, accounting for more than a quarter of
the global number of Contemporary art lots sold.
20