Newly wealthy and pent-up demand from Covid-hit 2020 among reasons as sales of sought-after works boom
The global art market performed at record levels in 2021, with billions of dollars being paid for works by impressionist, postwar and contemporary artists, and much of it bought by people whose wealth comes from cryptocurrencies or other technologies.of art was sold in two weeks by leading auction houses in New York in November. Four works by Vincent van Gogh sold for $161m, including $71.4m paid for Wooden Huts Among Olive Trees and Cypress Trees.
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