4 | Auction Sales
157
Figure 4.4 | Share of Total Value and Lots Sold at Global Fine Art Auctions in 2018 by Price Bracket Value
Volume
50% 38.8%
40%
28.9%
30%
28.0% 24.6%
21.8%
20%
16.5% 12.4% 8.4%
10% 0%
0.3%
1.5%
Under $1k
$1k –$5k
11% 5.5% 1.6%
$5k –$50k
$50k–$250k
$250k–$1m
0.5%
$1m –$5m
0.1%
$5m–$10m
© Arts Economics (2019) with data from Artory
At the high end of the market, works sold for more than $1 million accounted for 61% of value in just 1% of lots
0.1%
Over $10m