Adam Lindemann draws a parallel between the oversupply of wine and the current state of the art market, noting that too many galleries and artists are producing work while demand from collectors is slowing. He cites the glut of art fairs, particularly the 840 galleries exhibiting during Miami Basel week in December 2025, and quotes advisor Allan Schwartzman describing the market as "tired." Lindemann observes that even mega-trophies like Leonardo's *Salvator Mundi* are rare exceptions, and that museums are becoming more selective in accepting donations.
This matters because Lindemann, a longtime gallerist and collector, offers an insider's perspective on a potential art-market recession. His column highlights structural issues—oversupply, declining collector appetite, and the high cost of art fairs—that could reshape the gallery ecosystem. The piece serves as a cautionary note for dealers and artists, suggesting that a period of contraction may lead to a healthier, more selective market in the long run.