$13.8bn
$X.Xbn
35,215
21,535
$X.Xbn
The Art Dealers industry has seen significant transformations over the past five years. One of the major drivers has been the surge in online sales, catalyzed by advancements in e-commerce and accelerated by COVID-19. Online platforms have democratized access to art, allowing buyers to purchase works from their homes. Live-streamed auctions and virtual consultations have provided personalized experiences without geographical limitations. Additionally, while heightened competition has spurred innovation it has also contributed to pressured profit. The industry has also faced significant volatility, to navigate this, dealers have embraced online sales, diversified inventories and offered flexible payment plans. Overall, industry revenue is expected to have risen at a CAGR of 0.9% to $13.1 billion over the five years to 2024, including a rise of 1.9% in 2024 alone.
Industry revenue has grown at a CAGR of 0.9 % over the past five years, to reach an estimated $13.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Christie’s | 1,609.3 | 157.6 | 9.8 |
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Industry revenue is measured across several distinct product and services lines, including Paintings, Drawings and Prints. Paintings is the largest segment of the Art Dealers in the US.
Collectors and investors are showing a strong interest in contemporary paintings
This industry includes art galleries and art auction houses that primarily retail original and limited-edition artwork. The companies purchase artwork from an artist or individual owner and then sell the artwork to consumers, with little or no further development of the product. Additionally, auction houses that bring buyers and sellers together and collect a commission are included in the industry.
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NAICS 45392 - Art Dealers in the US
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Collectors and investors are showing a strong interest in contemporary paintings. Sales of contemporary pieces have resulted in some of the highest-selling pieces of recent y...
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The West region of the US is home to a large number of art dealers. Proximity to art hubs, a high concentration of affluent individuals, a mild climate, cultural diversity an...
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As a highly fragmented industry with many dealers, competition within the industry is intense. The more valuable the property, the more likely the owner will consider multipl...
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In recent years, Christie's has invested heavily in its online sales platform, expanding its digital capabilities to offer a range of online-only sales and virtual auctions. ...
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Wage costs are significant for art dealers as they must employee art specialists. Still, the rise of automation has allowed wage costs to decrease slightly.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Art Dealers in the US industry in United States is $13.8bn in 2024.
There are 21,535 businesses in the Art Dealers in the US industry in United States, which has declined at a CAGR of 0.1 % between 2019 and 2024.
The market size of the Art Dealers in the US industry in United States has been growing at a CAGR of 0.9 % between 2019 and 2024.
Over the next five years, the Art Dealers in the US industry in United States is expected to grow.
The biggest company operating in the Art Dealers market in United States is Christie’s
Paintings and Drawings are part of the Art Dealers in the US industry.
The company holding the most market share in United States is Christie’s.
The level of competition is high and steady in the Art Dealers in the US industry in United States.