Tag Archives: Art Market

Art Is In a Bear Market. A Trade War Won’t Help.

© Illustration by Elias Stein

(story by Abby Schultz) Volatility and uncertainty fueled a 12% drop in global art sales last year, led by fewer purchases of the priciest works, per the 2025 Art Basel and UBS Global Art Market Report. The drop, to $57.5 billion in 2024, follows a 4% decline in 2023.

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