What is the total annual sales revenue of fine art sold in the United
States?  Most recent figures requested (2002 I suppose).  Need
credible references!  This number should be limited to fine art sales
(sales of originals & limited edition prints, sculptures, etc.), not
to include anything like art supplies, or other forms of the arts such
as music.  Also desired to know a breakup of which channels this
artwork is sold through (ie. % of fine art sales which came from
physical Galleries, Internet sites/galleries, auctions, etc.)

<U.S. Fine Art Market.

The most credible reference that I could find was from the European
Art foundation. The report is supported by the British Art Market
Federation, Le Syndicat Nationale des Antiquaires and CINOA. The
research was carried out by Kusin and Company, a specialist economic
research firms from Dallas, USA.

According to the European Art Foundation, in 2002 the global art
market was worth $26.7 billion. According to Art Market Trends 2002,
the U.S. accounted for about 44% of sales of fine art. This puts the
U.S. fine art market at an estimated $11.74 billion.
http://www.tefaf.com/dealers_frameset.asp?page=organistion.htm
http://www.artnet.com/magazine/news/artnetnews/artnetnews3-11-02.asp

A copy of the report can be ordered for Euro 75 at
http://www.tefaf.com/Bestelform.pdf

Mario Cutajar analyses the market in 2001 which gives a comparable
figure to the 2002 estimate of just over $11 billion and breaks this
down as $6 billion auction and  $5 billion retail sales.
http://artscenecal.com/ArticlesFile/Archive/Articles2003/Articles0603/MCutajar0603.html

The U.S. accounted for 36% of art auction sales in the first half of
2003. In the first half of 2003 $450 million of art were sold at
auction.
http://web.artprice.com/AMI/AMI.aspx?id=OTkwMDQyMzU2MTQ4ODk=
http://web.artprice.com/AMI/ami.aspx

According to Scott Burkett, the editor of Wet Canvas, the global art
and collectibles market is worth $100 billion. The sellers comprise
60,000 galleries and 3,000+ publishers, selling the works of around 2
million artists.
http://www.wetcanvas.com/Articles/Scott_Burkett/OnlineGalleries/

According to Unity Marketing, an estimated 4 percent of art
transactions took place online, representing about $4 billion.
http://www.wetcanvas.com/Articles/Scott_Burkett/OnlineGalleries/page2.html

Jupiter Communications estimates the online market place was worth
$300 million in 2000 and will be worth $1.8 billion by 2005.
http://www.theartnewspaper.com/news/article.asp?idart=4219

Art market trends 2002.
http://press.artprice.com/pdf/Trends2002.pdf

Art buying patterns.
http://www.sunshineartist.com/magazine/buyingpatterns.htm>

<Search strategy:>

<"art price index">
<://www.google.com/search?hl=en&lr=&ie=ISO-8859-1&q=%22art+price+index%22>

<"american art" market  percent>
<://www.google.com/search?hl=en&lr=&ie=ISO-8859-1&q=%22american+art%22+market++percent>

<"global art market">
<://www.google.com/search?hl=en&lr=&ie=ISO-8859-1&q=%22global+art+market%22>

<Hope this helps.>

Answered my question in entirety; very thorough.