The value of art sold at auctions globally fell by a third last year compared to 2023, with the Chinese market crashing by 63 percent, auction data published on Monday showed.
Artprice, a France-based consultancy which aggregates auction data from around the world, said the value of art sold in 2024 slumped to $9.9 billion (9.1 billion euros), the lowest level since 2009.
