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The global art market was valued at approximately $65.1 billion in 2021, with significant annual spending on artworks, including auctions, galleries, and private sales. This figure can fluctuate yearly due to market trends, economic conditions, and collector interests. Additionally, art-related expenditures, including exhibitions, fairs, and art institutions, contribute to the overall spending on art. Overall, the annual investment in art is substantial and reflects the cultural and economic importance of the sector.
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