Pages in this section
Old mastersThe market for painters before 1800: rarity, attributions, provenance and major sales.›
19th centuryThe 19th-century painting market: romanticism, realism, impressionism, prices and collectors' tastes.›
Modern paintingThe modern painting market (1860–1945): avant-gardes, signature, series and vigilance over fakes.›
The king segment of the market

Painting accounts for 38% of the global market, i.e. €25.8 billion in 2024. It brings together three major worlds: old masters, the 19th century and the modern period.
Each world has its rules: old masters are traded on attribution and provenance, the 19th century on quality and condition, modern painting on signature and authenticity.
This section rests on three pages: old masters, 19th century and modern painting. It complements the breakdown by segment page.
Painting in figures
Source: OIMAP Observatory.
Three worlds to explore



Three worlds, three logics
Old masters, before 1800, form a market of rarity: few works, many buyers, extreme attention paid to attribution. The 19th century is a market of quality and condition, where the emotion of the subject counts as much as the artist's name. Modern painting is a market of signature and series, very active and very exposed to fakes.
Understanding which world you are in tells you which document to ask for: a certificate of authenticity for old masters, a conservation report for the 19th century, a certificate of provenance for modern painting.
Why painting is often certified
Painting is the most certified segment: 4,120 certificates of authenticity were issued for it in 2024, nearly half of the total. The financial stakes are high, attributions sometimes debated, and counterfeits numerous.
The certificate rests on a visual examination, an analysis of materials and documentary research. It may conclude to authenticity, to an attribution to the workshop, the school or a follower, or refuse the attribution.
The importance of catalogues raisonnés
For many artists, the catalogue raisonné is authoritative: if it does not mention a work, that work has little chance of being accepted on the market. These works are compiled by historians, sometimes with the participation of rights holders.
OIMAP keeps a directory of recognised catalogues raisonnés and artist committees. Accredited experts refer to it systematically, and any disagreement with a committee is recorded in the reasoned opinion.
The three worlds of painting
| World | Period | Median price | 2024 change |
|---|---|---|---|
| Old masters | Before 1800 | €18,500 | +3.6% |
| 19th century | 1800–1860 | €11,200 | +4.4% |
| Modern | 1860–1945 | €12,700 | +5.4% |
Landmarks
- First catalogues raisonnés
Development of expertise.
- Global market
Opening to Asia.
- 46% of the market
Maximum weight.
- €25.8bn
Historic volume.
A market demanding proof



Buying at public sale or at a gallery

Public sale
Open auction- Transparent prices
- Competition
- Limited guarantees
For informed amateurs.

Gallery
Private treaty sale- Personalised advice
- Dealer's guarantee
- Negotiated price
For support.
The steps of a secure purchase
- Target
Define the artist, the period and the budget.
- Examine
See the work, ask for photographs.
- Check
Consult the BIOP and the Registry.
- Certify
Have the certificates drawn up or verified.
- Buy
Conclude and insure the work.
File to request before buying
A painting expert

« A good painting is three things: the hand, the condition, the history. You must be able to prove all three. »
Vocabulary of painting
- Attribution
- Designation of the author of a work.
- Catalogue raisonné
- Critical inventory of an artist's work.
- Follower
- Artist who imitates a master's style.
- Overpaint
- Area retouched later.
Frequently asked questions
How can I tell whether a painting is authentic?
Only an independent expert examination can establish it: see the certificate of authenticity.
Does a restored painting lose its value?
A documented, light restoration preserves it.
Where can I see the major sales?
In the top 10.
What insurance should I take?
See the conservation report.
Useful documents
Contacts

Explore old masters
Image credits (23)
- Sports on a Frozen River, Aert van der Neer (ca. 1660) — The Metropolitan Museum of Art, CC0 1.0
- Portrait of Machtelt Suijs, Maerten van Heemskerck (c. 1540–45) — Cleveland Museum of Art, CC0 1.0
- Portrait of Isabella Brant, Peter Paul Rubens (c. 1620–25) — Cleveland Museum of Art, CC0 1.0
- Still Life with Sweets, Juan van der Hamen y Léon (1622) — Cleveland Museum of Art, CC0 1.0
- A Calm Watering Place—Extensive and Boundless Scene with Cattle, Alvan Fisher (1816) — Cleveland Museum of Art, CC0 1.0
- Adoration of the Shepherds, Bernardo Cavallino (c. 1650) — Cleveland Museum of Art, CC0 1.0
- Portrait of a Woman, Corneille de Lyon (c. 1540) — Cleveland Museum of Art, CC0 1.0
- Portrait of a Couple (c. 1580–88) — Cleveland Museum of Art, CC0 1.0
- Silver Wine Jug, Ham, and Fruit, Abraham van Beyeren (c. 1660–66) — Cleveland Museum of Art, CC0 1.0
- Two Poplars in the Alpilles near Saint-Rémy, Vincent van Gogh (1889) — Cleveland Museum of Art, CC0 1.0
- The Departure of Saints Paula and Eustochium for the Holy Land, Giuseppe Bottani — The Metropolitan Museum of Art, CC0 1.0
- Portrait of a Man, Louis Lafitte (1793) — The Metropolitan Museum of Art, CC0 1.0
- The Brook, Paul Cezanne (c. 1895–1900) — Cleveland Museum of Art, CC0 1.0
- Still Life with Cheese, Antoine Vollon (probably late 1870s) — The Metropolitan Museum of Art, CC0 1.0
- Seascape, Henry Ward Ranger (1892) — Cleveland Museum of Art, CC0 1.0
- Marie-Yolande de Fitz-James, Henri Fantin-Latour (1867) — Cleveland Museum of Art, CC0 1.0
- Portrait of a Woman, Anna Claypoole Peale (1820) — Cleveland Museum of Art, CC0 1.0
- Small Mosque in the Kaiserbagh, Felice A. Beato (1858) — Cleveland Museum of Art, CC0 1.0
- River Landscape with Large Tree at Left, Augustin Hirschvogel (1546) — Cleveland Museum of Art, CC0 1.0
- Still Life, William Michael Harnett (1888) — The Metropolitan Museum of Art, CC0 1.0
- River Landscape with Boats, Annibale Carracci (c. 1590) — Cleveland Museum of Art, CC0 1.0
- Fish or Seal Club (X’ús’) (late 1800s–early 1900s) — Cleveland Museum of Art, CC0 1.0
- Nymphs and a Satyr (Amor Vincit Omnia), Nicolas Poussin (c. 1625–27) — Cleveland Museum of Art, CC0 1.0
The Metropolitan Museum of Art · CC0 1.0


Old mastersThe market for painters before 1800: rarity, attributions, provenance and major sales.›
19th centuryThe 19th-century painting market: romanticism, realism, impressionism, prices and collectors' tastes.›
Modern paintingThe modern painting market (1860–1945): avant-gardes, signature, series and vigilance over fakes.›
Certificates of authenticityThe OIMAP certificate of authenticity establishes, through independent expertise and scientific analysis, that the work is indeed the one claimed.›