$150,780 was the average amount an actively buying HNWIs spent on fine art in the first half of 2024.26% was the decrease in sales at Christie’s, Sotheby’s, Phillips, and Bonhams from the first half of 2023 to the first half of 2024.Source: Art Basel and UBS; Bank of America$50 million was the high estimate at Sotheby’s for Francis Bacon’s 1966 painting$27.7 million was the selling price.40% of HNWIs say they purchase art for pleasure, 24% as investments, and 1% for philanthropic reasons.
$7.68 million is the total value of sales of Lynette Yiadom-Boakye’s art in the first half of 2024, making her the best-selling ultracontemporary artist during that period.125 miniature moon sculptures made by Jeff Koons were sent to outer space as the first “authorized” artwork to be placed on the moon.75% of U.S. adults have a positive opinion of Leonardo da Vinci, the most popular artist in America.