Global art auction market in 2023Total transaction volume: US$14.1 billion,in,The total transaction volume of female artists was US$1.142 billion, accounting for 8.08% of the global market. Both the total transaction volume and market share were the highest in the past decade.From 2014 to 2023, we have witnessed the rise of female artists in the global art market. Their works have also shown unprecedented vitality and influence in the global auction market. At the same time, they have occupied a leading position in art fairs and exhibitions in museums and galleries. occupy an increasingly important position.

In March 2024, ArtPro launches again for several consecutive years"Global Female Artist Market Report".The report delves into the past decade (2014-2023)Overall market performance of global female artists, observedTop 100 living female artists in the worldannual market changes, with a special focus onThe development of Chinese female artists in the global market. The report aims to provide everyone with multiple perspectives to deeply analyze the current situation and future potential of the art market for female artists. It is hoped that everyone will view the diverse ecology and every practitioner in the art field with a more rational and inclusive attitude.

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The most expensive auction items for female artists in the world in 2023

Five major discoveries:

1. In the overall global female artist market in 2023, the market performance of old masters and active artists is quite balanced.The market share of living female artists and deceased female artists is close to 50% each..

Global female artists in 2023The ranges of “more than 10 million US dollars” and “5 million to 10 million US dollars” have achieved significant growth in transaction volume and total transaction volume compared with 2022.With the growth of global wealth and the prominence of female power, the number of collectors and investors with the ability to purchase high-end art is increasing. However, the market supply of top-notch female artists' boutiques is relatively limited, and changes in supply and demand will naturally drive up prices.

2. In 2023, 4,536 works by living female artists will be auctioned, with a total transaction volume of US$540 million, accounting for 48% of the global female artist market share in 2023. Noteworthy,54% of the world’s living female artists are post-708090 artists, highlights the rise of the younger generation of female artists, and heralds the diversification and youthfulness of the art market.

3. Top 100 living female artists in the world in 202374 female artists on fixed list, the market status and artistic influence of most outstanding female artists remain stable. There are 26 new female artists, including 20 overseas artists and 6 Chinese artists.Yuan ZhanIn addition, three of them are young artistsSun Yidian, Zhang Zipiao, Cui Jie, the other two areInk artists Xu Lele and Xu Hualing.
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The most expensive auction items for living female artists in the world in 2023

4.Yayoi Kusama ranks among the top 1 living female artists in the world for ten consecutive years. In 2023, a total of 497 works by Yayoi Kusama were auctioned, with a total transaction volume of US$173 million, an increase of 18% compared to 2022. From top collectors to ordinary art lovers, works ranging from 100,000, 1,000,000 to 10,000,000 have good market performance.

5. Chinese female artists performed prominently among the world’s living female artists in 2023. A total of 139 Chinese artists were sold at auction. in11 Chinese female artists rank among the top 100 living female artists in the world, the total transaction volume reached US$19.94 million.

Year-on-year list of the top 100 living female artists in the world in 2022, the fixed list isChen Ke, Liang Yuanwei, Song Kun, Duan Jianyu, Yan Ping.
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The most expensive auction items for Chinese living female artists in 2023

first part

global female artists

Market share increased by 1.3 times in the past ten years
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Over the past ten years, the total global art market transaction volume has increased from US$17 billion in 2014 to US$14.1 billion in 2023, showing a certain degree of volatility.Especially after experiencing two troughs in 2016 and 2020, although the global art market has experienced a short-term decline in total transaction volume, it has generally shown a recovery trend. Since 2020,Total global market turnover began to slowly recover.

Compared with this volatile trend in the global art market, the performance of female artists in the market is particularly eye-catching. During this decade, female artists’ sales volume and market share continued to grow,Nearly doubled from US$600 million in 2014 to US$1.142 billion in 2023. This not only reflects the significant increase in the market value and popularity of the works of female artists, but also reflects the steady increase in their status and influence in the art world.

What is particularly noteworthy is that during the period from 2020 to 2023, although the total transaction volume of the global art market has shown a downward trend as a whole, the total market transaction volume of female artists has increased against the trend. In 2023, the total sales volume of female artists reached US$1.142 billion.It increased by 7.24% year-on-year in 2022, setting a record in the past ten years.
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Judging from the global market share of female artists, the market share of female artists in the past ten years has beenFrom 3.53% in 2014 to 8.08% in 2023, the growth rate has more than doubled.. This growth demonstrates the increasing importance of female artists’ work in the art market over time, as well as the art market’s growing interest in and recognition of the work of female artists.
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the second part

Global Female Artists 2023

Transaction overview of works in the modern and contemporary art sector
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1) Overview of top art transactions

As global wealth grows, the number of collectors and investors with the ability to purchase high-end art is increasing. However, the market supply of works by top female artists is relatively limited, especially important works by female artists with established historical status. When the market is interested in As demand for these works increases, changes in supply and demand will naturally drive prices up.

Compared with 2022, the transaction situation of global female artists at different price points in 2023 shows obvious market differentiation, with the high-end and low-end markets showing a growth trend. Especially in the high price segment, i.e.The “over $10 million” and “$5 million-$10 million” ranges have achieved significant growth in transaction volume and total transaction volume..

• There were 11 lots worth over US$10 million, with a total transaction volume of US$203 million.
  The number of auction items increased by 38% year-on-year, and the total transaction volume increased by 38% year-on-year.60% increase
• There were 25 lots priced between US$5 million and US$10 million, with a total transaction volume of US$167 million.
  The number of auction items increased by 67% year-on-year, and the total transaction volume increased by 67% year-on-year.62% increase

Compared with 2022, the list of common artists for the tens of millions of auctions isLouise Bourgeois, Joan Mitchell, Georgia O'Keeffe, Tamara De Lambiga, Yayoi Kusama, among which Joan Mitchell and Georgia O'Keeffe both have two million-dollar auction items.

New tens of millions of auction items added in 2023Agnes Martin, Barbara Hepworth, Julie Miloto, Jenny SavilleWorks by four artists, the latter two of whom are artists from the 1970s.
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2) Overview of mid- to high-end art transactions

In the mid-to-high-end price market, includingThe ranges of “1 million to 5 million U.S. dollars” and “100,000 to 1 million U.S. dollars”,showed a certain degree of decline.

• There were 162 lots priced between US$1 million and US$5 million, with a total transaction volume of US$360 million.
  The number of auction items decreased by 22% year-on-year, and the total transaction volume decreased by 16% year-on-year.
• There were 938 lots sold between US$100,000 and US$1 million, with a total transaction volume of US$288 million.
  The number of auction items decreased by 11% year-on-year, and the total transaction volume decreased by 13% year-on-year.

3) Overview of mass-level art transactions

In stark contrast to the downward trend in the mid-to-high-end market, the number of auction items and total transaction volume of mass-market art (under $100,000) are on the rise, reflecting the recognition and support of a wider range of collectors for the basic works of female artists.

• There were 4,962 lots under $100,000, with a total transaction volume of $102 million.
  The number of lots increased by 3% year-on-year in 2022,Total transaction volume increased by 5% year-on-year

the third part

Overview of global sales of living female artists in 2023
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2023 modern and contemporary art section,A total of 901 female artists’ works have been sold in the art market around the world, with a total turnover of US$1.1 billion.Year-on-year, the number of artists and total transaction volume increased by around 5% in 2022.

inThere are 559 living artists and a total sales volume of US$540 million.. Noteworthy among living female artists in the world54% are post-708090 artists, highlights the rise of the younger generation of female artists, heralding the diversification and youthfulness of the art market,

Sales of works by female artists of different ages in the modern and contemporary art sector

• Global female living artists born in the 20s, 555 lots sold at auction, with a total transaction volume of US$175 million
  Compared with 2022, the number of auctions increased by 22% and the total transaction volume increased by 17%.
  The most expensive artist born in the 20s is Yayoi Kusama, 497 items were auctioned, and the total transaction volume of just one person reached US$173 million.
• There were 676 auctions of global female artists born in the 1930s and 1940s, with a total transaction volume of US$38.24 million.
  Compared with 2022, the auction volume decreased by 3% and the total transaction volume decreased by 36%.
  The most expensive artist born in the 30s is Bridget Riley, 89 items were auctioned in 2023, with a total transaction volume of US$3.11 million;
  The most expensive artist born in the 1940s is Miriam Kahn, 31 items were auctioned in 2023, with a total transaction volume of US$4.55 million;

The most expensive auction item for a living female artist born after 30

The most expensive auction item for a living female artist born in the 1940s

• There were 1,242 auctions of living female artists born in the 1950s and 1960s around the world, with a total transaction volume of US$128 million.
  Compared with 2022, the auction volume increased by 15% and the transaction volume increased by 36%.
  The most expensive artist born in the 1950s is Marlene Dumas, 31 items were auctioned in 2023, with a total transaction volume of US$14.35 million;
  The most expensive artist born in the 1960s is Cecily Brown, 26 items were auctioned in 2023, with a total transaction volume of US$46.67 million;

The most expensive auction item for a living female artist born in the 1950s

The most expensive auction item for a living female artist born in the 1960s

• Global female living artists born in the 1970s and 1980s sold 1,680 items at auction, with a total transaction volume of US$162 million
  Compared with 2022, the auction volume increased by 7% and the transaction volume decreased by 24%.
  The most expensive artist born in the 1970s is Julie Miruotu, 23 items were auctioned in 2023, with a total transaction volume of US$26.05 million;
  The most expensive artist born in the 1980s is Caroline Walker, 59 items were auctioned in 2023, with a total transaction volume of US$9.95 million;

The most expensive auction item for a living female artist born in the 1970s

The most expensive auction item for a living female artist born in the 1980s

• Global female living artists born in the 1990s sold 383 items at auction, with a total transaction volume of US$41.22 million
  Compared with 2022, the auction volume increased by 45% and the transaction volume decreased by 23%.
  The most expensive artist born in the 1990s is Judd Fadojudimi, 11 items were auctioned in 2023, with a total transaction volume of US$12.17 million.

The most expensive auction item for a living female artist born in the 1990s

Attached: China’s top 10 living female artists in 2023, ranked from high to low by total annual sales in 2023.

The ranking of the top 100 female artists alive in the world in 2022, ranked from high to low according to the total annual sales in 2022.

The ranking of the top 100 female artists alive in the world in 2023, ranked from high to low according to the total annual sales in 2023.

Please stay tuned to ArtPro for more updates on the global female artist market.