Bank of America ArtTactic Art Market Report 2026 Trends

b of a arttactic art market report 2026 trends 1234776748

The US art market experienced a 23 percent increase in auction sales in 2025, reaching approximately $3.17 billion according to a joint report by Bank of America and ArtTactic. This growth was not fueled by a rise in general demand but was instead driven by high-value estate consignments, a return to established historical artists, and a heavy reliance on financial guarantees. The data indicates a shift away from the speculative flipping of 'wet paint' contemporary works, which saw negative returns for pieces held for less than five years.

Luxe art gallery sets opening date for River Oaks District location, first in Texas

A luxury art gallery, Galerie Philia, has announced its first Texas location will open in Houston's River Oaks District on May 10. The gallery, known for its focus on collectible design and contemporary art, will feature a rotating selection of about 40 pieces every three weeks and host three to four special exhibitions annually.