More than half of all art sold via auction, realized less than $1,000. 79% of all art sold in 2018 brought less than $5,000.
Emphasis has been on art selling for over $10 million masking the reality: Art is more affordable than we have been led to believe.
Artworks sold at auction in the west in 2018 broke out this way:
40% Paintings 22% Prints 21% Drawings 8% Sculpture 4% Photographs and 5% Other.
The living artist realizing the highest price at auction in 2018 was David Hockney ($90.3 million for Portrait of an Artist). Highest recorded 2018 auction price was $157,150,000 for a painting dated 1917 by Amadeo Modigliani (1884-1920).
The above information was derived from a publication offered by ArtPrice.com The Art Market in 2018.