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Where is the Center of Art?
How Knowing This Influences Current Artists.
For centuries, Paris was the obvious hub of the art world and in the 19th century received the reputation as the “City of Art.”
However, after World War II, New York City surpassed Paris as the global center of the art market. And, NYC remains the central hub for art.
To give some perspective - in 2012, art sales were around $20 billion in NYC. In 2022, art sales rose to $30 billion and the USA accounts for almost half of the global art market (May 2023), rising from a 35% share a decade earlier.
In other words, the USA and NYC, in particular, are the strongest performers in selling art in the 21st century (C. McAndrew, economist, “The Art Market-2023” publ. Art Basel & UBS).
This is no small matter, especially if you are an artist trying to be successful in this market.
A study of over 500,000 artists' careers (2021) from data provided by Artfacts.net — a leading data company in the art world — and art prices — provided by Magnus.net — discovered a pattern linking particular institutions with successful artists.
You can read more about this study in “How to Become A Successful Artist” by Magnus Resch (2021).
