By Katya Kazakina Mar 12, 2014 5:42 PM ET

Global art sales approached their pre-crisis high last year, led by record prices for postwar artists and a jump in U.S. auctions. Sales of art and antiques increased 8 percent from a year earlier to 47.4 billion euros ($65.9 billion), according to a report compiled by Arts Economics and published today by the European Fine Art Foundation in Maastricht, Netherlands. The results fell just short of the record 48 billion euros in 2007. China accounted for 24 percent of the market. (Read more)