How the art market’s million dollar distortion affects you

The global art market rises and falls on multi-million dollar works but 90% of artworks sell for less than $50,000.
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Image via ​Wikipedia

If you create or deal in art you could be forgiven for thinking news about the decline of global art sales relates to your experience or prospects.

But if your work sells for thousands – or even hundreds of thousands – but not millions, it’s likely the real picture of the market you are operating in is quite different from the art market headlines.

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Gina Fairley is ArtsHub's National Visual Arts Editor. For a decade she worked as a freelance writer and curator across Southeast Asia and was previously the Regional Contributing Editor for Hong Kong based magazines Asian Art News and World Sculpture News. Prior to writing she worked as an arts manager in America and Australia for 14 years, including the regional gallery, biennale and commercial sectors. She is based in Mittagong, regional NSW. Twitter: @ginafairley Instagram: fairleygina