As soon as a work of art goes on sale for the second time, it enters the second art market.
The secondary market allows collectors and various players in the art world to resell their works. This transaction generally takes place via an auction house (international houses or French establishments: Christie's, Sotheby's, Artcurial, Tajan, etc.), a gallery or an art dealer, or even over-the-counter.
The artwokrs offered for sale can be paintings, sculptures, drawings, photographs, videos, etc.
They come from various artistic currents such as:
Auction houses, galleries, art fairs and art dealers are the main players in the secondary art market.
In France, the main auction houses are:
Les galeries d'art du second marché exposent et vendent des œuvres d'artistes dans leurs locaux ou en ligne.
Elles participent également à des foires d'art afin de promouvoir les artistes qu'elles représentent.
À chaque transaction, les galeries d'art perçoivent une part des ventes appelée commission de vente.
Les foires d’art internationales assurent un quart des ventes d'art dans le monde.
Ces salons réunissant galeries, marchands d'art, artistes et collectionneurs se déroulent chaque année. Parmi les plus prestigieuses, nous pouvons citer :
Art dealers are generally specialists in the art world.
According to data provided by the Art Basel 2020 report, worldwide art sales reached $ 64.1 billion in 2019. The secondary art market accounts for 44% of sales. The United States holds the first place in the world art market, followed by the United Kingdom and China. France's market share is estimated at 7%. The online art market represents a turnover of 5 billion dollars. Sales by galleries and art dealers are estimated at $ 36.8 billion.
Art fairs account for a quarter of world sales with $ 16.6 billion in sales.
Auctions total $ 24.2 billion in sales. Post-war and contemporary art represent a 53% market share.
To learn more about the art market: The first art market The rating of a work of art Where to buy an artwork of art? The taxation of a work of art Resell a work of art