Online Art Market Soars, But High-End Auctions Take a Hit
- Online art sales boosted lower end of market; could doom in-person auctions
- Total art market turnover fell 14% in 2023 to $14.9 billion
- Record 763,000 transactions, explosion under $1,000
- High-end sales rose in China and Hong Kong
- India saw 76% increase, record $152 million sales