The Artprice100 index, which reflects the value of works by the top 100 artists, fell 8.3% over 2024 - the first significant decline in 8 years. At the same time, the S&P500 stock index rose by 25%.

Jean-Michel Basquiat suffered the most in the top 10: his sales fell from $238 million (2023) to $183 million (2024) due to forgery scandals.

The best growth was shown by René Magritte (+53%). In the year of the centenary of surrealism, his work from the series "Empire of Light" was sold for $121 million, breaking the previous record ($79 million).

Designer, art director, art lover, mememaxi.
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Art market shake-up, did I understand correctly? 201 $DEGEN

Very interesting observations   101 $DEGEN