Australian art market

The Australian art market involves the buying and selling of artworks—ranging from Indigenous and traditional pieces to contemporary works—through galleries, auctions, and private sales. It is influenced by factors like economic conditions, cultural trends, and the global demand for Australian art. The market values artworks based on artist reputation, rarity, historical significance, and provenance. It attracts domestic collectors and international buyers, with major auction houses like Sotheby's and Christie's playing key roles. Overall, it reflects Australia’s unique cultural identity and growing interest in investing through art.