After two years of growth, in 2023 the sales in the global art market they slowed down. Bad news? Until a certain point. In fact, in the face of a slowdown, two positive aspects emerge. The first is that, despite the decline, global turnover still remained higher than the pre-Covid period. The second positive aspect, even more significant, is that sales have increased, a dynamism set in motion by works of lower value, a sign that art attracts more people.
This is what emerges from the photograph taken by The Art Basel and Ubs Global Art Market Report 2024. Every year, in conjunction with Art Baselthe most important and eagerly awaited fair in the sector, this report edited by the economist is released Clare McAndrew, founder of Arts Economics, which analyzes sales and trends of different market segments, from galleries to auction houses, from fairs to collectors. Among the trends, the collapse of Art Nft.
The full article on Financialounge
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– 2024-05-01 10:43:56
