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SummaryThe summary of the 2024 annual report: the key figures, the five lessons and the outlook for 2025.›
Full reportThe 184 pages of the 2024 annual report: plan, chapters, contents and reading guide.›
Statistical annexesThe tables and series of the 2024 annual report: volumes, indices, lots, median prices, by segment and by region.›
A growing market, more global and more traceable
The 2024 annual report confirms the recovery: €67.8 billion in transactions, 3.4 million lots sold and a growing share of works certified before sale.
Published each March, the annual report is the Observatory's reference document. It presents the results of the past year, the changes by segment and region, the major sales and the regulatory issues.
It exists in three versions: a twelve-page summary, the full report and the statistical annexes.
2024 in figures
Source: OIMAP Observatory.
The three versions of the report
The five lessons of 2024
The first lesson is the return of growth, after two years of slowdown. The second is the shift of the market towards Asia-Pacific and the Middle East. The third is the rise of certified works: 74% of lots above €100,000 had an OIMAP certificate before their sale.
The fourth is the normalisation of the digital market, now regulated through approved platforms. The fifth is the fall in provenance disputes, thanks to consultation of the BIOP database before each transaction.
Key 2024 results compared with 2023
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| Transaction volume | €64.1bn | €67.8bn | +5.8% |
| Lots sold | 3.2M | 3.4M | +6.3% |
| Unsold rate | 33% | 31% | −2 points |
| Median price of a lot | €3,900 | €4,200 | +7.7% |
| Global index | 154.4 | 163.4 | +5.8% |
Highlights of the year
- Publication of the 2023 report
Recovery confirmed.
- Spring sales
Rise in old masters.
- Major autumn sales
Strongest monthly rise.
- Top 10 record
Crépuscule sur la Neva at €74.3M.
- Index at 163.4
All-time high.
Where to find the detail
Summary or full report
Summary
Twelve pages- Key figures
- Main charts
- Twenty-minute read
For busy decision-makers.
Full report
184 pages- Detailed analysis
- Chapters by segment and region
- References and notes
For analysts and researchers.
How to cite the report
An institutional reader
« The summary is twelve pages long, but it has the advantage of referring to each detailed table. »
Vocabulary of the report
- Volume
- Sum of the year's sale prices.
- Lot
- Unit of sale at auction.
- Unsold
- Lot offered and not sold.
- Median price
- Value that splits prices into two equal halves.
Why read the report
The annual report is not a mere collection of figures. It offers a reading: it explains why prices rise in one segment and stagnate in another, why certain marketplaces gain importance and how traceability changes buyers' behaviour.
It is written to be understood by non-specialists. Each chapter opens with a ten-line summary, each chart comes with a sentence explaining how to read it, and technical terms are defined at first appearance. Professionals find detailed series there, the curious an accessible overview, and administrations benchmarks for their own policies.
Frequently asked questions
Is the report free?
Yes, the three versions can be freely downloaded.
In which languages?
In French, English and Spanish.
When does the next report come out?
In March of the following year, see the publications.
Can the charts be reused?
Yes, with mention of the source, under an open licence.
Useful documents
Contacts
Related pages
SummaryThe summary of the 2024 annual report: the key figures, the five lessons and the outlook for 2025.›
Global indexThe OIMAP global index tracks changes in art market prices at constant quality, every month, since 2015.›
Top 10 salesThe ten biggest sales of the year: 2024 ranking, earlier rankings and breakdown by auction house.›
Read the summary
Image credits (22)
- Sweet Melancholy, Joseph-Marie Vien (1756) — Cleveland Museum of Art, CC0 1.0
- The Triumph of Mordecai, Lucas van Leyden (1515) — Cleveland Museum of Art, CC0 1.0
- Seal Color Box (1662–1722) — Cleveland Museum of Art, CC0 1.0
- Seal of Doge Michele Steno (reverse) (1400–1409) — Cleveland Museum of Art, CC0 1.0
- Solidus with Busts of Constans II and Constantine IV (obverse) (659–661) — Cleveland Museum of Art, CC0 1.0
- Letter Box, Ogata Kōrin (1700s) — Cleveland Museum of Art, CC0 1.0
- Plate: Diana and Acteon, Maestro Giorgio Andreoli (1522) — Cleveland Museum of Art, CC0 1.0
- Portrait of Pope Paul II Barbo (obverse) and (reverse), Cristoforo di Geremia (c. 1468) — Cleveland Museum of Art, CC0 1.0
- Fish or Seal Club (X’ús’) (late 1800s–early 1900s) — Cleveland Museum of Art, CC0 1.0
- Creamer, Louis Rorimer (c. 1910) — Cleveland Museum of Art, CC0 1.0
- Teapot with Landscape and Imperial Poem, Chen Hanwen (1762–95) — Cleveland Museum of Art, CC0 1.0
- Solidus of Justinian I (reverse) (545–565) — Cleveland Museum of Art, CC0 1.0
- Document Box (Ryōshibako) with Chrysanthemum and Plum (lid) (late 1800s-early 1900s) — Cleveland Museum of Art, CC0 1.0
- Yokkaichi: View of the Mie River, from the series The Fifty-Three Stations of the Tōkaidō, Utagawa Hiroshige (c. 1833–34) — Cleveland Museum of Art, CC0 1.0
- Carved Lacquer Scroll Box (1736–95) — Cleveland Museum of Art, CC0 1.0
- American Red Cross War Council Medal (reverse), Daniel Chester French (1920) — Cleveland Museum of Art, CC0 1.0
- Carnet (1863–1865) — Cleveland Museum of Art, CC0 1.0
- The Old Market, Cleveland, Frank Wilcox (1920) — Cleveland Museum of Art, CC0 1.0
- Portrait of Gianfrancesco Gonzaga di Ròdigo, 1443–1496, Lord of Sabbionetta (reverse), Antico (1479) — Cleveland Museum of Art, CC0 1.0
- Nuova pianta di Roma data in luce da Giambattista Nolli l’anno MDCCXLVII, known as La Pianta Grande di Roma, Giovanni Battista Nolli (1748) — Cleveland Museum of Art, CC0 1.0
- Marie-Yolande de Fitz-James, Henri Fantin-Latour (1867) — Cleveland Museum of Art, CC0 1.0
- Christ Driving the Money Changers from the Temple, Rembrandt van Rijn (1635) — Cleveland Museum of Art, CC0 1.0