Art and sculpture deals have expanded globally, in part because of the formation of mutual funds that invest a client's money in art acquisitions, which are subsequently sold on for profit. The global art and sculpture market is expected to be worth $24.6bn by 2025, with a compound annual growth rate of 11.8%, according to a study by Research Solution Insights. Europe will be the most attractive region, while North America is expected to experience a significant YoY rise of 10.6%.
Art and sculpture deals have expanded globally, in part because of the formation of mutual funds that invest a client's money in art acquisitions, which are subsequently sold on for profit. The global art and sculpture market is expected to be worth $24.6bn by 2025, with a compound annual growth rate of 11.8%, according to a study by Research Solution Insights. North America will be the most attractive region, while Europe is expected to experience a significant YoY rise of 10.6%.