Value of art market up by 41.3% y/y to PLN 591.2 mln in 2021

The value of sales of works of art and antiques amounted to PLN 591.2 million in 2021, up 41.3 percent y/y, the Central Statistical Office (GUS) said. The highest value of sales of works of art and antiques was achieved by entities through traditional auctions – PLN 381.9 million (an increase of 43.2 percent y/y).

Of the total number of entities (209) operating in the art and antiques market, more than half of the entities (62.2 percent) dealt exclusively with the sale of works of art and antiques, while 37.8 percent conducted sales of works of art and antiques and exhibition activities.

"The largest number of entities operating in the market for works of art and antiques was based in Mazowieckie Province – 54 (25.8 percent of the total number of entities), of which 46 entities were engaged in the sale of works of art and antiques in Warsaw. In the Małopolska province there were 39 entities (18.7 percent), 34 of which operated in Kraków. As in the previous year, the majority of entities (68.9 percent) engaged in the sale of works of art and antiques had their registered offices in the provincial capitals," the communiqué reads.

(ISBnews)