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Artprice by 28th annual report – The Art Market in 2023. A new record number of artworks sold at auction. Biggest national marketplace: the USA. Female artists showed spectacular growth




PARIS, March 7, 2024 /PRNewswire/ — Our 28th Artprice Annual Report “The Art Market in 2023” offers a global summary and analysis of auction results for works of fine art – paintings, sculptures, drawings, photographs, prints, videos, installations, tapestries, and NFTs – throughout the year (January 1 to December 31, 2023). It does not cover antiques, anonymous cultural property, or furniture.

All prices indicated in this Artprice by Artmarket Report refer to public auction results, buyers’ fees included. The $ symbol refers to the US dollar.


The bottom line figures for the global art market in 2023 are positive with transactions up significantly (+5%) and a historic record in the number of works sold.

2023 stands out as the most dynamic year in the history of the global Art Market, with more than a million works put up for auction and 763,000 transactions.

According to thierry Ehrmann, CEO of and Founder of Artprice: “This growth resulted from a spectacular progression of auctioneers’ Internet activities with a 545% growth in the advertisement of Internet auctions, and a 285% growth in the number of ‘live sales’ around the world, after three years of Covid pandemic. Such growth figures were previously expected for 2027-2029.”

The United States maintained its first place generating 35% of global art market auction turnover, but with China hot on its heels with 33%.

Moreover, in this year of Franco-Chinese cultural & touristic cooperation, art market professionals are expecting a substantial expansion of the Chinese art market, possibly taking the leader position in 2024.

For the compilation of our latest annual report (the world’s most comprehensive report on the global art market), Artprice by – world leader in Art Market information –  has pursued its collaboration – for the 15th consecutive year – with its partner, the Chinese State group, Artron. The global coverage of art auctions made possible by the association of Artprice and Artron ARAA has resulted in an exhaustive view of the structural evolution of the global art market and its trends on a global scale.

In this report, Artprice presents, among other data, its now famous rankings, including the Top 500 artists by annual auction turnover (on fine art and NFTs) in 2023, as well as the Top 100 fine art and NFT works sold at auction in 2023, showing, notably, the spectacular success of female artists.

The dematerialization of the art market on the Internet is today the dominant trend on all 5 continents of the world, relegating physical auction rooms to the 20th century.

Artprice by Artmarket is pleased to announce the publication of its 28th Report “The Art Market in 2023”, available free of charge, in full and in three languages, online as well as in PDF format:




General overview of 2023: from a ‘seller’s market’ to a ‘buyer’s market’

The volume of Fine Art and NFT auction transactions reached a record level: 762,800 lots sold compared with 723,700 in 2022 (+5%).

Fine Art and NFT auction turnover totaled $14.9 billion, compared with $17.4 billion in 2022. This 2023/2022 turnover drop can be mainly explained by a reduced consignment of works worth more than $50 million, which resulted in a shortfall of approximately $1.5 billion versus 2022. Indeed, 2022 saw 24 works valued above $50 million generate $1.95 billion compared with just six lots above that price threshold generating $494.5 million in 2022.

The global average unsold rate rose from 35% in 2022 to 38% in 2023, suggesting buyers  were more selective in 2023.

According to Artprice by Artmarket’s Founding CEO, ‘the adage about the art market: “The right work, the right theme, the right period, with the right provenance and the right artist” was more than ever true in 2023′.

The average auction price of an artwork in 2023 was $19,550.

Half the works (the median price) fetched under $700 in 2023, making art generally more affordable.

80% of artworks fetched under $4,130.

Artprice’s Global Price Index increased by +2% between January 1, 2023 and December 31, 2023.

Contemporary Art represents 17% of the art market, compared with 16% in 2022 and only 3% in 2000. In 2000, Contemporary Art generated $69 million compared with $2.53 billion in 2023. The Contemporary art market has therefore increased 36-fold in 23 years, reflecting a historic phenomenon with Contemporary Art becoming a primary locomotive of the global art market.

Modern art remained the largest segment of the art market, accounting for 40% of its auction turnover revenue (compared with 38% in 2022).

Two works exceeded the symbolic threshold of $100 million in 2023, one in New York and the other in London (versus 6 results above $100 million in 2022).

In 2023, Artprice counted 1,548 seven-digit auction results as well as 2 NFT results above that threshold (versus 1,682 and 1 NFT lot in 2022).

Among the 1,550 seven-digit auction results, 206 were hammered for female artists, or 13%.

Soft Power: the U.S.A. maintains its first place

The United States (even after a 28% contraction vs. 2022) hammered 174,600 auction results generating $5.2 billion, or 35% of the global art market’s total art auction turnover (vs. 160,000 lots sold and $7.3 billion in 2022, or 42% of global art auction turnover). The contraction essentially came from the lower number of high-end consignments (works valued above $50 million).

China (+4%) returned to growth, generating $4.9 billion, or 33% of the global art auction turnover. (vs. $5.9 billion in 2022 and 35% of global turnover).

The UK (-15%) consolidated its third place with $1.8 billion, or 12% of the global market
(vs. $2.1 billion in 2022 and 12% of global turnover). Sotheby’s in London hammered a new auction record for a work of fine art in the UK: $108 million for Gustav Klimt’s Lady with a Fan (1917/18). When looked at over the longer term, it is clear that Brexit has negatively impacted the UK’s art auction market.

France (-11%) totaled $875 million (6% of global turnover) from 106,000 lots sold
(vs. $988 million in 2022 accounting for 6% of the global market). It consolidated its leader position on the European continent in terms of art auction turnover. As regards transaction volumes, it ranks second after the United States. France is indeed gaining strength in the high-end segment. Looking at the decade, its art auction turnover has shown strong growth with a significant increase in the number of seven-digit results (up approximately 80% since the years 2011-2014).

Germany’s art auction turnover shrank 3% after four years of growth: $372 million for 2.5% of the global market (vs. $383 million in 2022 for 2.2% of global turnover).

Italy consolidated its 6th place on the global market (+2%) with $197 million from 44,500 lots sold (vs. $193 million in 2022 from 40,400 lots sold).

India posted the strongest turnover growth (+76%) and established itself among the Asian markets ahead of Japan ($144 million). In 2023, it generated $152 million from just 2,075 lots sold (vs. $87 million in 2022 from 1,500 lots sold).

It also hammered a new auction record for a fine artwork sold in India when Amrita Sher-Gil’s The Story Teller (1937) fetched $7.4 million at Safronart in Mumbai.


Auction houses and sales

Sotheby’s was once again the leading auction house on the planet for the sale of Fine Art and NFTs, generating $3.8 billion.

Christie’s posted a sales turnover of $3.5 billion in 2023.

Sotheby’s slightly outperformed Christie’s in New York, London, Hong Kong and Milan.

In Paris, Christie’s was the stronger auctioneer.

Sotheby’s (with 26%) and Christie’s (with 24%) accounted for half of the global art auction turnover (vs. 24% and 35% respectively in 2022).

The most lucrative collection sold in 2023 was that belonging to Emily Fischer Landau, which totaled $406 million on November 8, 2023 at Sotheby’s New York (far behind the Paul G. Allen sale in 2022 which totaled $1.6 billion at Christie’s).

Phillips remained the world’s third largest art auction vendor with a total of $573 million and it hosted a very first sale in Paris.

China Guardian was the leading Chinese auction house with a total of $539 million, ahead of Poly Auction ($517 million).

Bonhams’ total ($219 million) was added to by their acquisition of Cornette de Saint Cyr ($38 million), Bukowskis ($31 million), Bruun Rasmussen ($27 million) and Skinner ($8 million).

Artcurial (with $78 million vs. $92 million in 2022) was the leading French fine art auction operator.

Artworks and Artists – by creative period

Old Masters (artists born before 1759)

Old Master sales represent 11% of the lots sold and 9% of global art auction turnover (vs. 11% of lots sold and 7% of turnover in 2022).

A 14th-century drawing by the great Chinese master, Wang Meng, exceeded $40 million on November 30, 2023 in Beijing, at China Guardian.

In New York, two paintings by Rubens sold for $26 million and $25 million at Sotheby’s (in January and then in May).

19th Century (artists born between 1760 and 1859)

19th Century art accounted for 9% of the total lots sold and 8% of total auction turnover (vs. 10% of lots sold and 14% of turnover in 2022).

The painting Les Flamants (1910) set a new personal auction record for Douanier Rousseau, at $43.5 million at Christie’s New York.

Modern Art (artists born between 1860 and 1919)

Modern Art remained, more than ever, the leading segment of the art market, accounting for 36% of the lots sold in 2023 and 40% of global art auction turnover (vs. 36% of lots sold and 38% of turnover in 2022).

Pablo Picasso was the top-selling artist of the year at auction, generating $596 million (3rd in 2022 with $494 million).

Picasso’s Woman with a watch (1932) became the 10th most expensive artwork in auction history (at $139,363,500 on November 8, 2023 at Sotheby’s New York) and his second best-ever result after The Les Femmes d’Alger (Version O) (1955) which fetched $179 million in 2015.

Gustav Klimt’s Lady with a Fan (1917/19) fetched the highest-ever art auction result in the UK at $108 million.

Zhang Daqian was once again among the top most successful artists in the world at auction in 2023 with a turnover of $230 million.

Post-War Art (artists born between 1920 and 1944)

Post-War Art accounted for 26% of the lots sold and 25% of global art auction turnover (vs. 26% of lots sold and 26% of turnover in 2022).

Gerhard Richter was the top-selling living artist in 2023 at auction with 303 lots sold for $214 million.

In the absence of exceptional paintings, Andy Warhol dropped to 5th place among the world’s top-selling artists with $198 million in 2023 (versus 1st place in 2022 with $590 million).

Yayoi Kusama climbed to 8th place among the world’s top-selling artists with $189 million. She was the only female artist in the Top 10.

Joan Mitchell fetched a new personal auction record at $29 million for her Untitled (c.1959) at Christie’s in New York on November 9, 2023.

Contemporary Art (artists born after 1945)

Contemporary Art accounted for 18% of lots sold and 17% of global art auction turnover (vs. 18% of lots sold and 16% of turnover in 2022).

Jean-Michel Basquiat rose to 2nd place in Artprice’s ranking with $238 million (vs. 7th in 2022 with $221 million).

Nicole Eisenman’s (b. 1965) work Support Systems for Women, No. 1 (1998) purchased for $10,800 in 2006 at Phillips in New York, was resold for $400,000 by Sotheby’s in London.

NFT auctions

Public auctions of NFTs generated a total of $22.7 million with 350 lots sold and 53 unsold (vs. $13.8 million, with 384 lots sold and 171 unsold in 2022).

Dmitri Cherniak (1988) was the world’s top-selling NFT artist at auction in 2023 with 14 works sold for $7.9 million.

His Ringers #879 (The Goose) (2021) fetched $6.2 million at Sotheby’s in New York on June 15, 2023.

The “Grails: Property from an Iconic Digital Art Collection Part II” session hosted by Sotheby’s on June 15, 2023 totaled $10.9 million.

Artificial Intelligence, Generative Art, the recovery of Bitcoin and Ethereum cryptocurrencies are all favorable factors for the NFT market in 2024.

Demand for works by women artists saw further spectacular growth

The greatest female artists of the 20th-century are being given the place they deserve on the art market. This trend is due to a deliberate policy among key market players to revalue their works both historically and monetarily. This has involved the inclusion of a growing number of their works in sales catalogs which has naturally contributed to a gain in their market visibility. The progression has been rapid with the number of transactions concerning female artists doubling in five years and tripling in ten years. This year, the number of works by women artists sold at auction reached a historic peak, and it’s a dynamic that is far from over.

In conclusion, somewhat counter-intuitively, given the very difficult geopolitical and economic context, the art market is displaying resilient health, with regular records hammered for works from all the creative periods and regions of the world during recent sales. We have not noted any cancellation of classic and/or prestigious cataloged sales for 2023 and 2024 to date, which are the main indicators of the health of the art market.

The major auction houses and investors know very well that the art market is a safe haven, an investment, as shown by the Artprice100© index, which clearly outperforms traditional stock market indices. The current period of uncertainty on the stock markets is nevertheless bringing new funds and investments into the art market.

Artprice had already noted that despite major crises, such as those relating to the Nasdaq crash in 2000, the terrorist attacks of September 11, 2001, the war against the Taliban that began in 2001, the Iraq war that began in 2003, the subprime and CDS crises in and after 2007, the effective ‘negative’ interest rates that began (in the West) in 2011, the Covid crisis that began in 2019… the art market has been relatively less affected than the financial markets and the overall economy.

The dematerialization of the art market on the Internet is now the dominant trend on all 5 continents, and is in the process of relegating physical auction rooms to 20th century. It is undeniable that the 20th century art market was a primarily Western phenomenon and that from now on, the Asia Pacific region is playing on an equal footing with the West.

With its 27 years of art market expertise, Artprice by Artmarket has noted that the average age of its 7.2 million customers and members has decreased from 63 in 1997 to 41 in 2023.

It is clear that the art market, one of the oldest markets in the world, is now moving rapidly and irrevocably towards the digital era (thereby closing its particularly pronounced digital backwardness of a few years ago) and a whole new generation (that of 30-45 years old) on a global scale. This generation is now on permanent watch via mobile Internet.

With its Intranet connection to its 7,200 partner Auction Houses, Artprice by Artmarket can see this paradigm shift every day: from the scheduled closure of physical auction rooms and the permanent migration to Internet activities.

The 28th Annual Report Artprice by Artmarket “The Art Market in 2023”, is available free of charge, in full and in three languages, online as well as in PDF format:





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Copyright 1987-2024 thierry Ehrmann –

About Artmarket: is listed on Eurolist by Euronext Paris, and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Discover Artmarket and its Artprice department on video:

Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur, created in 1987.

See certified biography in Who’s who ©:

Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information (the original documentary archives, codex manuscripts, annotated books and auction catalogs acquired over the years ) in databanks containing over 30 million indices and auction results, covering more than 825,000 artists.

Artprice by Artmarket, the world leader in information on the art market, has set itself the ambition through its Global Standardized Marketplace to be the world’s leading Fine Art NFT platform.

Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.

Artmarket with its Artprice department accumulates data on a permanent basis from 7200 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 7.2 million (‘members log in’+social media) users have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® to buy and sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321.3 of France’s Commercial Code).

The Art Market’s future is now brighter than ever with Artprice’s Artmarket® Intuitive AI

Artmarket, with its Artprice department, has twice been awarded the State label “Innovative Company” by the Public Investment Bank (BPI), which has supported the company in its project to consolidate its position as a global player in the art market.

Artprice by Artmarket’s Global Art Market Report, “The Art Market in 2023”, published in March 2024:

Artprice by Artmarket publishes its 2023 Contemporary Art Market Report:

Index of press releases posted by Artmarket with its Artprice department:

Follow all the Art Market news in real time with Artmarket and its Artprice department on Facebook and Twitter: (over 6.5 million followers)

Discover the alchemy and universe of Artmarket and its artprice department headquartered at the famous Organe Contemporary Art Museum “The Abode of Chaos” (dixit The New York Times):

La Demeure du Chaos / Abode of Chaos
Confidential bilingual work now public:

Contact and its Artprice department – Contact: [email protected]

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Principal marketplaces by Fine Art & NFT auction turnover in 2023



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Invitation to presentation of EQT AB’s Q1 Announcement 2024




STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting

The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]

Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334

This information was brought to you by Cision,c3956826

The following files are available for download:

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Kia presents roadmap to lead global electrification era through EVs, HEVs and PBVs



  • Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
  • Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
  • Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
    • Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
    • PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
  • Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
  • 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
  • CEO reaffirms Kia’s commitment to ESG management

SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.

Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.

During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.

The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”

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BioVaxys Technology Corp. Provides Bi-Weekly MCTO Status Update




VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.

As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.

The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.

Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

About BioVaxys Technology Corp.

BioVaxys Technology Corp. (, a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit and connect with us on X and LinkedIn.


Signed “James Passin
James Passin, Chief Executive Officer
Phone: +1 646 452 7054

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