Art auction
From The Art and Popular Culture Encyclopedia
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An art sale is the practice of selling objects of art by auction.
Market structure
The USA overtook the EU as the world's largest art market [1] with a global share of 47 per cent by 2001. Ranking second, the UK's world market share hovers around 25 per cent. In 2004, the global fine art market turnover was estimated at almost $3 billion.(pdf)
In Continental Europe, France was the market leader while in Asia, Hong Kong continues its dominance.
The works of Pablo Picasso still remains the most coveted lot as of 2004.
See also
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Art auction" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
