Auction sales of visual art works in Australia reached around $95 million in 2012. These sales are understood to relate mainly to the secondary market, in which artworks are resold, and include contemporary and heritage works.
Sales at auction have experienced strong growth since the 1980s – peaking at $175 million in 2007. Since 2007, total sales have fluctuated between $88 million and $115 million annually, and they remain more than 5 times the size of the market in 1991.
Australian auction turnover includes sales of works by non-Indigenous Australian artists (83 percent), Australian Indigenous artists (8 percent), and overseas artists (9 percent).
Aboriginal and Torres Strait Islander art sales have stabilised around $8.2 million, after four consecutive year of decline. Sales remain well below the record total of $26.4 million set in 2007.
 The primary market is made up of works being sold for the first time – usually in a commercial gallery.