Austria's art and luxury market is booming: Records at Catawiki!

Austria's art and luxury market is booming: Records at Catawiki!

Österreich, Land - The year 2024 was an outstanding year for the online marketplace Catawiki-over three million objects were auctioned globally, and interest in Austria was gratifying. Almost 75,000 objects found new buyers in Austria alone, which corresponds to a growth of ten percent in new bidders. Since the market entry in Austria in 2016, almost 400,000 objects have been bought, which together have resulted in a total value of over 80 million euros, as 5min.at reported.

The modern and contemporary art was particularly in demand last year, with over 6,000 auctioned works - that means around 100 purchases per week. One of the most expensive pieces included a signed lithograph of the street artist Invader with a sales price of 6,500 euros. Luxury fashion was also booming with an increase of almost 60 percent: exclusive brands such as Giorgio Armani and Hermès were very popular. The collection of classic cars remained stable, with a restored Volkswagen T1 Samba from 1966, which was auctioned for 90,000 euros.

The fleeting world of Euro coins

In another division, collectors of euro coins have made a fascinating discovery: their coins could be much more worth than just the nominal value, so informed Catawiki . In particular, commemorative coins, which are published by the EU annually in limited edition, often have a high collector's value. Experts also emphasize that misprints in which coins were produced with technical errors are often very popular among collectors. Such special features can significantly increase the value of a coin, which is why the exact determination and the knowledge of the condition and packaging are decisive when selling.

For everyone who wants to get into the world of numismatics, collecting euro coins promises not only an exciting hobby, but also the opportunity to learn more about European history and geography. With a variety of interesting designs and pieces of 1 to 2 euros, the euro currency offers a unique insight into the cultural diversity of Europe, which makes collecting an appealing adventure.