2025年日本艺术市场

Index Foreword Key Findings Acknowledgments Credits Foreword The Japanese Art Market 2025 is published as part of the “FY2025 Art Ecosystem Infrastructure DevelopmentPromotion Project,” commissioned by the Agency for Cultural Affairs to enhance understanding of Japan’s artmarket and to highlight its potential. The report was prepared in collaboration with Dr. Clare McAndrew, a This report provides an estimate of the size and structure of the Japanese art market by combining data fromthe dealer and auction sectors. Dealer data is from a survey of 2024 sales figures collected from domesticart dealers and auction houses as part of the 2024 Agency for Cultural Affairs Art Market Research Project,in conjunction with national economic statistics. These include National Accounts (GDP data), the Economic Key Findings Global and Regional Context • Sales reached $692 million in 2024, up 2% year on year, while global sales declined 12%.• Following a 38% drop in 2020, the market rebounded to $756 million in 2022 and has since Dealers and Galleries • Dealers and galleries accounted for 71% of total market value ($494 million), up 7% in 2024.• 58% of businesses earned under $250,000, while 20% exceeded $1 million.• The smallest dealers recorded the strongest growth (+22%), while the largest dealers grew 6%,outperforming global peers (–15%). Art Fairs • In-person gallery sales fell to 47% of dealer sales, while online sales rose to 16% and art fair salesdoubled to 19%. Auction Houses • Auctions accounted for approximately 30% of the market ($198 million), with sales down 10% in2024 but above pre pandemic levels. Economic Impact • In 2024, the art trade spent at least $138 million on ancillary services, supporting employmentacross related industries.• 80% of dealers reported positive expectations for 2025, anticipating stable or rising sales despite 1. The Japanese Art Market Sales of art and antiques taking place in the Japanese art market were estimated to have reached $692 million in2024. These estimates include all of the aggregate transactions carried out by dealers, galleries, and auction houseswithin Japan. These businesses make up part of the much larger Japanese arts and cultural sector which includes The value of sales increased by just under 2% year-on-year in 2024 from 2023, measured in US dollar terms. Whilethis growth was low (and influenced in part by the declining exchange rate with the US dollar), Japan remained oneof the few markets to buck the declining global trend, with sales internationally falling 12% in 2024 to an estimated Looking back over the last few years, the Japanese market had fared worse than some of its global counterpartsduring the COVID-19 pandemic, with the exceptionally difficult trading conditions leading to a contraction in salesof 38% in 2020 to $377 million, against a drop of 22% in sales globally. However, sales were quick to recover in2021, with a strong uplift of 62% to $611 million, and the momentum continued over 2022 with a further increase of Sales in Japan have also performed relatively better than the wider global art market in the period from pre-COVID2019 to 2024, and markedly better than some of the largest art markets such as the US, the UK, and China. Thesemajor global markets still dominated sales by value in 2024, with a combined share of 76% of the art market’s total China (including Mainland China and Hong Kong) shifted in the global ranks from second to third place, with salesfalling 31% year-on-year, but remained the largest market in Asia by a considerable margin. Although definitions ofthe region vary, it is estimated that the Chinese market accounted for about 78% of the value of sales in Asia, with All of the sales figures above include reported values from the two main segments of the art market covered in thisanalysis – dealers/galleries and auction houses – which are discussed in more detail in the sections that follow. Theyexclude sales made directly by artists and other agencies, department stores, and other companies and platforms, 2. Dealers and Galleries in Japan Sales through dealers and galleries dominate the Japanese art market, and accounted for 71% of its total valuein 2024. Sales by dealers reached an estimated aggregate value of just under $494 million, maintaining growth Sales in the Japanese dealer market have seen some mixed growth in recent years, but in 2024 fared better thanmany other regions. Looking back over the last six years after reaching a high of $452 million in 2019, the levelof sales almost halved during the COVID-19 pandemic in 2020 falling to a low of $235 million. However, growthrecovered quickly and strongly, and sales increases over 2021 and 2022 led to a new peak of $505 million. As Globally in 2024, the best performing part of the dealer market was sales by smaller businesses with turnover of lessthan $250,000 per annum. This segment saw sales rise 17% year-on-year, while those at the highest