Is the art market coming to the end of the age of eternal growth?The art market faces uncertainty in 2025 due to economic disruptions and declining high-end auction sales.
Global turmoil and rising taxes tilt art trade towards new eraThe international art market is experiencing a notable slump, raising concerns about whether it signals a temporary downturn or lasting change.
Sotheby's made $6bn in 2024-but sales dropped for second consecutive yearSotheby's auction sales plummeted 23% in 2024 influenced by global market challenges, but private sales thrived amid this downturn.
My work sells for millions but only a fraction of that came to me,' says Scottish painterPeter Doig highlights the opaque nature of the art market, calling for greater transparency to protect artists.
Sotheby's made $6bn in 2024 as sales dropped for second consecutive yearSotheby's auction sales fell by 23% in 2024, marking a challenging year amid a turbulent global art market.
Small but mighty: sales under $100,000 defy marketThe affordable art market is booming, with auction sales of art worth under $10,000 representing the fastest growing sector post-lockdown.
Is the art market coming to the end of the age of eternal growth?The art market faces uncertainty in 2025 due to economic disruptions and declining high-end auction sales.
Global turmoil and rising taxes tilt art trade towards new eraThe international art market is experiencing a notable slump, raising concerns about whether it signals a temporary downturn or lasting change.
Sotheby's made $6bn in 2024-but sales dropped for second consecutive yearSotheby's auction sales plummeted 23% in 2024 influenced by global market challenges, but private sales thrived amid this downturn.
My work sells for millions but only a fraction of that came to me,' says Scottish painterPeter Doig highlights the opaque nature of the art market, calling for greater transparency to protect artists.
Sotheby's made $6bn in 2024 as sales dropped for second consecutive yearSotheby's auction sales fell by 23% in 2024, marking a challenging year amid a turbulent global art market.
Small but mighty: sales under $100,000 defy marketThe affordable art market is booming, with auction sales of art worth under $10,000 representing the fastest growing sector post-lockdown.
Unless You're Rich, Forget About Ever Owning This RifleThe Mauser Gewehr 98 rifle, associated with the 1916 Easter Uprising, sold for €15,000 at auction, emphasizing its historical value.
No longer on the margins': how women are outperfoming men in Africa's art marketFemale African artists have surpassed male artists in auction sales, reflecting a significant shift in the art market landscape.
Foreclosures are drying up and it's showing in sales dataForeclosure auction sales forecasted to drop to 69,000 this year, influenced by economic conditions.Higher unemployment could lead to more delinquencies, but auction volumes won't rise soon.
Bollywood and billionaires: Art Mumbai opens expanded second editionArt Mumbai capitalizes on Mumbai's wealth and Bollywood to attract art collectors and enhance its status.