GITNUXREPORT 2025

Art Industry Statistics

Global art market reaches $64.1 billion with shifting online and emerging sectors.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Over 60% of art collectors are aged between 35 and 55 years old

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Art education enrollment in universities increased by 5% from 2019 to 2022

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The average art fair visitor spends approximately $600 during a visit

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The number of active art collectors worldwide increased by 10% from 2020 to 2023

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65% of millennials express a strong interest in owning original artwork

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45% of art consumers are influenced by social media when making purchase decisions

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70% of arts organizations reported increased digital engagement during the COVID-19 pandemic

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Online art education platforms saw a growth rate of 18% in active users in 2022

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55% of art buyers prefer to purchase from local galleries or artists

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The percentage of art buyers interested in sustainability and eco-friendly art practices increased to 65% in 2023

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Approximately 55% of art buyers aged under 40 prefer purchasing art through online platforms

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The number of art collectors investing in emerging markets increased by 16% from 2020 to 2023

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The average art gallery exhibit duration increased from 2 weeks to 3 weeks during 2021-2023

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The percentage of high-net-worth individuals who own art worth over $1 million is approximately 10%

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Approximately 35% of art buyers are now influencers or follow influencers in art purchasing decisions

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58% of art buyers prefer to see artworks in person before purchasing, highlighting the importance of physical viewing

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Online art sales accounted for 25% of the global art market in 2023

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Digital art marketplaces saw a 35% increase in transactions in 2022

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Approximately 40% of art sales are now conducted online, compared to only 15% in 2018

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The number of self-represented artists selling directly online increased by 20% in 2022

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Art exhibitions focusing on digital and new media arts increased by 18% in 2022

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The number of collaborative art projects between studios and technology firms increased by 20% in 2022

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80% of art galleries reported expanding their online presence during the pandemic

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The number of digital-only art sales increased by 40% in 2022, reflecting a shift toward non-physical art forms

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The majority of art auctions are now conducted digitally, accounting for over 70% of sales volume in 2023

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The number of art museums worldwide increased by 8% from 2013 to 2023

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The median age of artists selling in major galleries is 40 years old

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Women comprise approximately 30% of artists represented in major galleries worldwide

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The average space per artist in top-tier galleries is approximately 250 square feet

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Art theft and loss have decreased by 20% over the past decade, with approximately 3000 incidents annually

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The number of women participating as art curators increased by 13% from 2018 to 2023

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Approximately 20% of artists in major galleries are under the age of 30

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The average space leased by art galleries in major cities is approximately 1,000 square feet

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The global art market was valued at approximately $64.1 billion in 2022

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The number of art buyers worldwide reached approximately 85 million in 2023

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The contemporary art sector grew by 12% in 2022, making it the fastest-growing segment

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The median annual income of professional artists in the US was $50,000 in 2021

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The global print art segment was valued at $17 billion in 2023

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The top 1% of art collectors hold over 50% of the total art market wealth

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The total revenue from art licensing globally was approximately $11 billion in 2022

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The global art auction industry reached revenues of $9 billion in 2022

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Asia-Pacific’s share of the global art market rose to 40% in 2023, up from 33% in 2018

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The number of public art installations increased by 7% worldwide between 2018 and 2023

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The NFT art market surpassed $3 billion in sales volume in 2022

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The global art restoration and conservation industry was valued at $2.8 billion in 2023

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The worldwide public attendance at art exhibitions was approximately 250 million in 2022

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Art auction houses reported an average turnover of $2.3 billion annually between 2019 and 2022

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The global mural art market was valued at $3 billion in 2023, with a 9% annual growth rate

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The number of art fairs globally increased by 10% from 2020 to 2023, reaching over 300 major events

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Investment in art funds increased by 15% in 2022, reaching over $1.2 billion in assets

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The global immersive art installations market was valued at $1.5 billion in 2023, with a projected growth rate of 14% annually

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The number of private art collections valued over $10 million increased by 11% in 2022

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Public art funding by governments worldwide increased by 9% in 2022, reaching approximately $3 billion

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The average number of exhibitions per artist increased from 2 to 3 between 2019 and 2023

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The global art packaging industry was valued at $1.2 billion in 2023, with a projected CAGR of 5%

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The global art insurance industry was valued at $2.4 billion in 2023, with a 4% annual growth rate

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The number of art residencies worldwide increased by 25% between 2018 and 2023, reaching over 1,200 programs

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The global art market's top 10 auction houses generated combined revenues exceeding $12 billion in 2022

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The global art publishing industry was valued at around $500 million in 2022, with growth driven by digital formats

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The number of art fairs held in the Asia-Pacific region increased by 15% from 2019 to 2023, reaching 50 major fairs

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The number of art-related patents registered globally increased by 9% in 2022, indicating growth in artistic innovation

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The number of public art galleries worldwide increased by 10% over the past five years, reaching approximately 50,000 galleries

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The average price of a piece of art sold at auction was $15,000 in 2022

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The average duration for art pieces to sell at auction has shortened from 12 months to 8 months in 2023

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The average price of a work by emerging artists in 2023 was $7,500

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The average price for a commissioned artwork was $8,500 in 2023

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The median price of art sold at primary markets was $8,000 in 2022, compared to $4,500 at secondary markets

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Key Highlights

The global art market was valued at approximately $64.1 billion in 2022
The number of art buyers worldwide reached approximately 85 million in 2023
Online art sales accounted for 25% of the global art market in 2023
The average price of a piece of art sold at auction was $15,000 in 2022
The contemporary art sector grew by 12% in 2022, making it the fastest-growing segment
Over 60% of art collectors are aged between 35 and 55 years old
Digital art marketplaces saw a 35% increase in transactions in 2022
The number of art museums worldwide increased by 8% from 2013 to 2023
The median annual income of professional artists in the US was $50,000 in 2021
Art education enrollment in universities increased by 5% from 2019 to 2022
The global print art segment was valued at $17 billion in 2023
Approximately 40% of art sales are now conducted online, compared to only 15% in 2018
The number of self-represented artists selling directly online increased by 20% in 2022

The art industry is experiencing a vibrant transformation, with a global market valued at over $64 billion in 2022, a surge in online sales now comprising 25% of the market, and digital art innovations driving a 35% increase in transactions—highlighting a dynamic shift towards digital, emerging markets, and changing collector demographics.

Consumer Behavior and Preferences

Over 60% of art collectors are aged between 35 and 55 years old
Art education enrollment in universities increased by 5% from 2019 to 2022
The average art fair visitor spends approximately $600 during a visit
The number of active art collectors worldwide increased by 10% from 2020 to 2023
65% of millennials express a strong interest in owning original artwork
45% of art consumers are influenced by social media when making purchase decisions
70% of arts organizations reported increased digital engagement during the COVID-19 pandemic
Online art education platforms saw a growth rate of 18% in active users in 2022
55% of art buyers prefer to purchase from local galleries or artists
The percentage of art buyers interested in sustainability and eco-friendly art practices increased to 65% in 2023
Approximately 55% of art buyers aged under 40 prefer purchasing art through online platforms
The number of art collectors investing in emerging markets increased by 16% from 2020 to 2023
The average art gallery exhibit duration increased from 2 weeks to 3 weeks during 2021-2023
The percentage of high-net-worth individuals who own art worth over $1 million is approximately 10%
Approximately 35% of art buyers are now influencers or follow influencers in art purchasing decisions
58% of art buyers prefer to see artworks in person before purchasing, highlighting the importance of physical viewing

Consumer Behavior and Preferences Interpretation

As the art world embraces digital innovation and a global collector base swells, a fascinating blend of traditional gallery visits and online influence, especially among millennials and eco-conscious buyers, signals that in this vibrant market, passion and pragmatism are sculpting tomorrow’s art scene.

Digital and Online Art Market

Online art sales accounted for 25% of the global art market in 2023
Digital art marketplaces saw a 35% increase in transactions in 2022
Approximately 40% of art sales are now conducted online, compared to only 15% in 2018
The number of self-represented artists selling directly online increased by 20% in 2022
Art exhibitions focusing on digital and new media arts increased by 18% in 2022
The number of collaborative art projects between studios and technology firms increased by 20% in 2022
80% of art galleries reported expanding their online presence during the pandemic
The number of digital-only art sales increased by 40% in 2022, reflecting a shift toward non-physical art forms
The majority of art auctions are now conducted digitally, accounting for over 70% of sales volume in 2023

Digital and Online Art Market Interpretation

As the art world trades canvas for pixels, with over a quarter of sales happening online and digital auctions dominating 70%, it’s clear that in 2023, virtual galleries and AI collaborations are not just trends but the brushstrokes redefining the entire masterpiece of the global art market.

Institutional and Gallery Infrastructure

The number of art museums worldwide increased by 8% from 2013 to 2023
The median age of artists selling in major galleries is 40 years old
Women comprise approximately 30% of artists represented in major galleries worldwide
The average space per artist in top-tier galleries is approximately 250 square feet
Art theft and loss have decreased by 20% over the past decade, with approximately 3000 incidents annually
The number of women participating as art curators increased by 13% from 2018 to 2023
Approximately 20% of artists in major galleries are under the age of 30
The average space leased by art galleries in major cities is approximately 1,000 square feet

Institutional and Gallery Infrastructure Interpretation

While the global art scene is expanding with more museums and younger, increasingly diverse artists, the industry continues to balance growth with the need for greater representation and the ongoing challenge of safeguarding its treasures.

Market Size and Valuation

The global art market was valued at approximately $64.1 billion in 2022
The number of art buyers worldwide reached approximately 85 million in 2023
The contemporary art sector grew by 12% in 2022, making it the fastest-growing segment
The median annual income of professional artists in the US was $50,000 in 2021
The global print art segment was valued at $17 billion in 2023
The top 1% of art collectors hold over 50% of the total art market wealth
The total revenue from art licensing globally was approximately $11 billion in 2022
The global art auction industry reached revenues of $9 billion in 2022
Asia-Pacific’s share of the global art market rose to 40% in 2023, up from 33% in 2018
The number of public art installations increased by 7% worldwide between 2018 and 2023
The NFT art market surpassed $3 billion in sales volume in 2022
The global art restoration and conservation industry was valued at $2.8 billion in 2023
The worldwide public attendance at art exhibitions was approximately 250 million in 2022
Art auction houses reported an average turnover of $2.3 billion annually between 2019 and 2022
The global mural art market was valued at $3 billion in 2023, with a 9% annual growth rate
The number of art fairs globally increased by 10% from 2020 to 2023, reaching over 300 major events
Investment in art funds increased by 15% in 2022, reaching over $1.2 billion in assets
The global immersive art installations market was valued at $1.5 billion in 2023, with a projected growth rate of 14% annually
The number of private art collections valued over $10 million increased by 11% in 2022
Public art funding by governments worldwide increased by 9% in 2022, reaching approximately $3 billion
The average number of exhibitions per artist increased from 2 to 3 between 2019 and 2023
The global art packaging industry was valued at $1.2 billion in 2023, with a projected CAGR of 5%
The global art insurance industry was valued at $2.4 billion in 2023, with a 4% annual growth rate
The number of art residencies worldwide increased by 25% between 2018 and 2023, reaching over 1,200 programs
The global art market's top 10 auction houses generated combined revenues exceeding $12 billion in 2022
The global art publishing industry was valued at around $500 million in 2022, with growth driven by digital formats
The number of art fairs held in the Asia-Pacific region increased by 15% from 2019 to 2023, reaching 50 major fairs
The number of art-related patents registered globally increased by 9% in 2022, indicating growth in artistic innovation
The number of public art galleries worldwide increased by 10% over the past five years, reaching approximately 50,000 galleries

Market Size and Valuation Interpretation

As the global art market hits a staggering $64.1 billion in 2022 with 85 million buyers—among whom the wealthiest 1% possess over half the market—it's clear that while art's monetary value surges and innovation flourishes, the artist's median income remains modest, highlighting that even in a boom era, creativity often remains a pursuit of passion more than profit.

Pricing and Sales Trends

The average price of a piece of art sold at auction was $15,000 in 2022
The average duration for art pieces to sell at auction has shortened from 12 months to 8 months in 2023
The average price of a work by emerging artists in 2023 was $7,500
The average price for a commissioned artwork was $8,500 in 2023
The median price of art sold at primary markets was $8,000 in 2022, compared to $4,500 at secondary markets

Pricing and Sales Trends Interpretation

As the art market accelerates with faster sales and rising prices—especially for emerging artists and primary market works—collectors and investors alike must navigate a swiftly-changing landscape where today's eye-catching piece might be tomorrow's investment in cultural capital.