How Two Companies Dominate The 67 Billion Art World

The global art market was valued at 67. 4 billion in 2018, the second highest year ever. The United States, United Kingdom and China are the three largest art markets in the world. Their sales combined make up 84 of the global art market. The auction house is one of the biggest drivers of the art market. Sales at public auctions exceeded 29 billion last year. Two auction housesChristie s and Sotheby s compete head to head each year capturing more than 40 of global auction sales. Subscribe to CNBC: h