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With $1.6 billion hammered around the world in fine art auctions during the 1st quarter of 2021, the art market may look like it has already returned to a "normal" rhythm. True, the Q1 total is exactly the average Q1 total over the ten Q1 periods preceding the health crisis (2010 - 2019). But this impression, based on auction turnover alone, hides a very different situation from that which prevailed two years ago.
Q1 fine art auction turnover since 2000
[https://imgpublic.artprice.com/img/wp/sites/11/2021/04/Artmarket-Artprice-1-Fine-Art-Turnover-Q1-since-2000.png]
Fine art lots sold and unsold in Q1 auctions since 2000
[https://imgpublic.artprice.com/img/wp/sites/11/2021/04/Artmarket-Artprice-2-Fine-Art-Lots-Q1-since-2000.png]