Every year, the report provides a detailed insight into the results of the previous year and examines what to expect in terms of the big trends for the forthcoming year.

The report contains, the now famous, Artprice ranking of the 500 most powerful artists in the world, the top 100 art results of the year, analysis by country and capital, as well as the analysis of art movements and mediums. In short, Artprice's 21 chapters decrypt the art market.

> With an overall worth of $16.1 billion in 2015, the global art market is in very good health in the West, despite the state of the global economy.

> After giving up its first place to China's for five years, the United States recovered its dominant position on the global Art Market with a number of explosive results in New York. Across the Pacific, the stabilisation of the Chinese Art Market contin- ued positively in the second half of 2015, giving the country second place on the global auction revenue podium.

> The UK maintained its third place with an annual total of $2.9 billion. This figure has more than doubled in 10 years with London becoming the world's second market place and generating 19% of global auction turnover from Fine Art. London is today a significant rival to New York (37% of the global market.)

> Major Chinese collectors are diversifying acquisitions, capitalizing on Western art movement such as impressionist, modern and contemporary works.

> This is a historic year for sales of Modern Art (artists born between 1860 and 1920), with a record total result of $ 5.2 million.

> The museum industry has become a real global economic reality. More museums were built between 2000 and 2014 than throughout the 19th and 20th centuries.

> In 2015, 865 700 objects went up for auction in the world, including more than 564 000 going up for sale in the West: an increase of 3% compared to 2014.

> It's no surprise that the internet has become an integral part of the strategies of the key players of the art market. 95% of auctions in the world are now present on the internet (they were only 3% online in 2005).

> Over $3 billion (18%) of the world market is based on the exceptional and record-breaking results of 10 artists.

#1 Pablo Picasso (1881-1973): $650 million

#2 Andy Warhol (1928-1987) $523 million

#3 Claude Monet (1840-1926) $338 million

#4 Amedeo Modigliani (1884-1920) $251 million

#5 Alberto Giacometti (1901-1966) $247 million

#6 Francis Bacon (1909-1992) $232 million

#7 Cy Twombly (1928-2011) $223 million

#8 Mark Rothko (1903-1970) $219 million

#9 Lucio Fontana (1899-1968 ): $214 million

#10 Roy Lichtenstein (1923-1997) $212 million

To read the full report, download the pdf version here.

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