Sales value at auctions of modern and contemporary art worldwide 2015-2024, by city

Published by Statista Research Department, May 12, 2025

In 2024, New York recorded the highest sales value at auctions of modern and contemporary art among the selected global auction centers, with sales reaching almost 2.5 billion U.S. dollars. London and Hong Kong followed in the ranking, with auction sales of 739 million and 479 million U.S. dollars, respectively. In 2024, the United States, the United Kingdom, and China combined accounted for nearly 80 percent of the global art market value.

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Sales value at auctions of modern and contemporary art in selected auction centers worldwide from 2015 to 2024 (in million U.S. dollars)

CharacteristicNew YorkLondonHong Kong SARParisBeijingShangai
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Showing entries 1 to 10 (10 entries in total)
Statistic: Sales value at auctions of modern and contemporary art in selected auction centers worldwide from 2015 to 2024 (in million U.S. dollars)

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Release date

March 2025

Region

Worldwide

Survey time period

2015 to 2024

Special properties

figures refers to the hammer price (excluding the buyer's premium)

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