According to a joint report by Art Basel and UBS Group, global art market sales fell 4% to $65 billion in 2023 due to rising borrowing costs, geopolitical instability, and a volatile economic environment. This figure does not take into account the impact of inflation, so the actual contraction is likely to be more severe. According to the report, the US remains the largest art market, accounting for 42% of global sales. China is in second place, accounting for 19%. However, in terms of sales, the US market fell 10% to $27.2 billion, and the UK fell nearly 8%. Sales in China alone increased 9% to $12.2 billion, mainly due to a sales peak last spring, and sales also declined in the second half of the year. (Global Market Report)
报告：去年全球艺术品销售额下降4%，中国销售额逆势增长9%
Report: Global art sales fell 4% last year, while sales in China bucked the trend and increased 9%
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.