Art auctions hit record in 2022 despite economic gloom

By WESTOCK PRODUCTIONS / Shutterstock More than a million artworks were put up for auction for the first time in 2022 despite a gloomy global economy, according to a report released on Tuesday. More than a million artworks were put up for auction for the first time in 2022 despite a gloomy global economy, according to a report released on Tuesday. The report by France-based analysts Artprice also confirmed a near-total collapse in the previous year’s craze for NFTs — the blockchain tokens that prove ownership of digital artworks — whose sales fell 94 percent to $13.9 million. But more tradit…

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