- The vast majority of global art sales ($63.7 Billion, 2017) goes to collectors selling old works (secondary market) instead of living artists.
- Art worth $10 million+ accounts for 32% of global sales, yet only 0.2% of artists have sold work worth that much.
- Emerging artists are lucky to sell works for $10K.
- Art fairs put financial pressure on small galleries more likely to showcase living artists’ work.
- Art valuations largely derive from prevailing disposable wealth.
