The British art market has remained a global success, achieving a 17% share of the global art market in 2023 despite previous challenges.
The market comprises roughly 7,800 businesses and over 45,000 jobs, contributing significantly to Britain's cultural 'soft power' and overall tourism.
To sustain its competitiveness, the British art market must collaborate with the government to foster economic growth and improve access to the arts.
A vibrant art market can enhance educational opportunities, supporting diverse pathways for young individuals from varied backgrounds into the arts.
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