EU shows one of the most flat
regions of the art market, with sales falling by 2% in 2013. Online sales,
however, were estimated to be in excess of €2.5bn, approximately 5% of the
global art. Art dealers make about 33% of their total sales through art fairs,
while sales through galleries increased by 6% up to 50%. The UK seems to be one of the largest
importer and exporter of art globally, with imports of €6.1bn exceeding exports
of €5.8bn. Together with the US, the international as well as the domestic demand
for art remained attracted, with a majority of 69% of worlds import.
Furthermore, both countries accounted for the majority of the export value of
art, with a combined share of 65%.
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