Search Art Basel and UBS Global Art Market Report: Online sales reached record highs in 2020, doubling in value Zurich 16 Mar 2021, 08:00 CET Media Global Media Switzerland Media Releases Americas Media Releases APAC Global sales of art and antiques were an estimated $50.1 billion in 2020, down 22% on 2019 Online sales doubled in value to 25% Strong drive by collectors to support the arts with female collectors spending the most Zurich, 16 March 2021 – Art Basel and UBS announced today the publication of the fifth Art Basel and UBS Global Art Market Report, authored by renowned cultural economist Dr Clare McAndrew. The report integrates insight from a recent survey of 2,569 high-net-worth (HNW) collectors, conducted by Arts Economics and UBS Investor Watch, across ten markets: the United States, United Kingdom, France, Germany, Italy, Hong Kong, Taiwan, Singapore, Mexico, and for the first time Mainland China, as well as data from UBS Evidence Lab. A comprehensive and macro-level analysis of the global art market in 2020, the report analyzes how the COVID-19 pandemic has impacted the market and identifies key trends that will shape the market in 2021 and beyond.