According to its data, a huge 91% of art offered at auction worldwide in the first half of 2024 sold for less than $10,000—the fastest growing sector of the market.
This small 2% growth actually represents an additional 30,000 artworks. Artprice dates this boom back to the 'digital fluidification' of the market during the Covid-19 pandemic.
With its glut of small auction houses, Paris is the epicentre of this affordable boom, with 30,369 lots sold there for under $10,000 in the first half of 2024.
However, the 'low end', defined as up to $50,000, went against the declining trend, posting modest growth of 2%, which helped to maintain the volume of sales overall.
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