Jose Sanchez
Research expert covering society, economy, & politics for Latin America
Art market in the United Kingdom - statistics & facts
The United Kingdom is the leading European art market and one of the major hubs for the global art trade. In 2024, the UK accounted for almost 20 percent of the global sales value of art and antiques, ranking behind the United States and ahead of China. When comparing the global art market share in the UK and the European Union, the United Kingdom alone generated a higher value than all 27 EU member countries. That said, while the UK is the largest art market with the lowest reduced VAT rate for imported artworks in Europe, since Brexit, France has become a more convenient location to import art to within the EU single market.
