The Letts Journal

The Letts Journal

The Art Market is Broken

Web 3.0, digital art and NFT's could change everything

LettsGroup's avatar
LettsGroup
Jan 26, 2022
∙ Paid
4
Share

The global art market was valued at $50 billion in 2020 (according to Statista), dropping by roughly $14 billion over the previous year, due to the impact of the pandemic. The market has rebounded strongly in 2021 to possibly closer to $70 billion. NFT sales apparently topped $40 billion - making the overall maths a little confusing. Something seems to …

Keep reading with a 7-day free trial

Subscribe to The Letts Journal to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 LettsGroup
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture