Everything You Need to Know About... Artnet's Intelligence Report

Explore the intricate post-pandemic art landscape with Artnet's 'The Intelligence Report'. Our Research Team have summarised the insights gained from this document and has outlined the key information you need to know about.

• 10 year: The number of lots sold hit a 10-year high in 2023.? Combined with the decline in high-priced work, this drove the average price of art sold at auction down nearly 16%.
• $35,864: The average price of a fine artwork sold at auction last year, down almost 18% from 2022.
• 11: In 2023, the number of women featured among the top 100 selling artists at auction matched the record set in 2022, marking the highest proportion noted to date.
• 71%: The sell-through rate for fine art at auction in 2023 - higher than any year in the past 10 years except 2021 and 2022.

• $14bn: The amount sold at auction in 2023 decreased by 12.7% compared to 2022.
• $5bn: Postwar and contemporary overtook Impressionist and Modern last year as the most lucrative art-market category. The former generated $5 billion in sales; the latter, $4.5 billion.

Most Bankable Artists

POSTWAR: Gerhard Richter topped the list with $214 M in total sales, closely followed by Andy Warhol with $197 M. While Yayoi Kusama secured the third position with $190 M, David Hockney ranked fourth with $99 M.

CONTEMPORARY: Jean-Michel Basquiat led with $238 M in total sales, followed by Yoshitomo Nara with $88 M. George Condo secured $45 M.

Most Searched Artists

Whether you want to start your art journey, or you're a seasoned collector, the Maddox Team are on hand to help you with whatever your art needs are. Please explore our New Arrivals here or explore our Current Exhibitions page here.

Created by the Maddox Research Team on the 12th of March 2024.