The Parisian art market under the hammer
This week, we look into Paris's bid to reclaim its status as the world's leading art market. In 2018, French sales totalled just over €3 billion. But over 70 percent went under the hammer of just 20 houses. The market is not only concentrated in the hands of a few players; even here in Paris, it’s foreign auction houses that lead the pack. With just 7 percent of the global art market, France has been outbid by the US, China and the UK. But it's working on making a comeback. To find out more, we visit Paris's oldest auctioneers, Drouot.