CITI: THE GLOBAL ART MARKET AND COVID-19

Throughout the ages, great artists have tended to push the boundaries, challenging themselves, their audiences, and the conventions of their medium. The market for art, by contrast, has historically tended to evolve somewhat less rapidly. Indeed, it is an understatement to say the art industry has been slower than many others to embrace digital technology. Online sales of art and collectibles were $4.82billion in 2019, or just 7.5% of global art sales, with expected growth rates only in the single digits.

CITIART2021.pdf

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