Global Art Market Surged to $66 Billion in 2013 Driven by U.S.

JodyT

JodyT

2015-07-06 11:53:00

Global art sales approached their pre-crisis high last year, led by record prices for postwar artists and a jump in U.S. auctions. Sales of art and antiques increased 8 percent from a year earlier to 47.4 billion euros ($65.9 billion), according to a report compiled by Arts Economics and published yesterday by the European Fine Art Foundation in Maastricht, Netherlands. The results fell just short of the record 48 billion euros in 2007.
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