Art News. Vasari Codex

Art Busan Bets on Sustainability Over Speculation

Art Busan's 15th edition, taking place May 21–24, 2026 at BEXCO Exhibition Center, will feature over 110 galleries from 18 countries, with expanded programming including craft and design sections, curated exhibitions, and a new section called LIGHTHAUS that reframes gallery booths as curated environments. Data from the 2025 edition indicates an art market reorganization rather than contraction, with increased pre-sale activity, repeat attendance, and purchases across a wide price spectrum, suggesting a shift away from speculation toward sustained engagement.

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Art Collectors Bet on Known Quantities Amid Market Reset

The Impressionist and Modern art category became the most lucrative market segment in 2025, generating $4.7 billion in sales—a 29.5% increase from 2024—as collectors favored established names amid a cautious market. The $10-million-plus bracket surged 68.6% to $1.5 billion, while the number of lots sold hit a decade high of 122,213. Postwar and contemporary art ranked second with $4.1 billion, but its average price per lot dropped to a decade low of $23,027. Old Masters saw a 41.2% rise to $708.6 million, partly driven by the Thomas A. Saunders III collection at Sotheby’s, though that sale fell short of estimates. Ultra-contemporary art continued its four-year decline, falling 26.5% to $229.9 million, with average prices tumbling 72.4% from their 2021 peak.

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