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trending_up market schedule Apr 10, 2026 visibility 7 link 3 artists, 1 gallery

Comment | The market grew in 2025 but ‘interest in art is waning’

The global art market saw a 4% growth in 2025 according to the latest Art Basel and UBS Art Market Report, yet the industry remains on edge. Despite the headline increase, the report reveals a sharp decline in the average number of buyers per gallery—reaching its lowest level since 2021—and rising operational costs for shipping and logistics. Protectionist trade policies and geopolitical instability, particularly escalating conflicts in the Middle East affecting oil prices, continue to strain the contemporary sector.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Mar 12, 2026 visibility 4

Top-End Auction Sales Help Pull Global Art Market Out of Slump, Study Says

A new report from Art Basel and UBS reveals that the global art market grew by 7% in 2024, reaching an estimated $67.8 billion. This recovery was primarily driven by a surge in high-value sales at auction, particularly in the $10 million-plus segment, which saw a 42% increase in value. The United States retained its position as the world's largest art market, while the UK overtook China to reclaim second place.

newspaper Scott Reyburn open_in_new Read original

trending_up market schedule Mar 25, 2026 visibility 5 link 13 artists

midseaon auctions 2026 analysis jeff koons 1234775448

Christie’s and Sotheby’s recently concluded their 2026 mid-season contemporary art auctions, signaling a shift toward higher-value inventory in what were traditionally lower-stakes sales. The standout result was the $7.6 million sale of Jeff Koons’s sculpture 'Winter Bears' (1988) at Christie’s, setting a record for the highest-valued work ever sold in a mid-season auction. Meanwhile, Sotheby’s held its first 'Contemporary Curated' sale at its new Breuer building headquarters, achieving $19.4 million led by a $3.8 million Alma Thomas painting.

newspaper ARTnews open_in_new Read original

trending_up market schedule Mar 25, 2026 visibility 1 link 4 artists, 1 gallery

art market report 2025 growth high end sales 1234777143

The global art market returned to growth in 2025, reaching $59.6 billion in sales according to the latest Art Basel and UBS Art Market Report. This 4 percent increase ended a two-year decline, driven primarily by a 9 percent surge in public auction sales and a significant revival in high-value transactions for works priced over $10 million. While the United States maintained its dominant 44 percent market share, the recovery was uneven, with the Impressionist and Old Masters sectors seeing major gains while Postwar and Contemporary art continued to cool.

newspaper ARTnews open_in_new Read original