Keystone
The global art market is back on a growth path in 2025. According to the Art Market Report published by Art Basel and UBS on Thursday, sales rose by 4 percent to 59.6 billion dollars following a 12 percent slump in the previous year.
The value of auction sales rose by nine percent, while more moderate growth of two percent was registered in the dealer segment, according to the report. Noah Horowitz, CEO of co-publisher Art Basel, speaks of a “strategic turning point” in the art business.
Among other things, art fairs were able to grow and increase their share of total dealer sales by four percentage points to 35 percent. This corresponds to the highest share since 2022.
According to the report, the high price level in particular had a positive impact on auction sales. Sales with a value of over 10 million dollars increased by 30%. This was driven, among other things, by the sales of important private collections. Across the market as a whole, the highest price segment was also able to increase again after a slump in the previous year.
The three leading art markets – the USA, the UK and China – remained stable with a 76% share of global sales, the report continues. The rather small Swiss market recorded sales growth of 13% in 2025.
According to the report, a large proportion of art dealers are optimistic about the current year. According to the report, 43% expect an increase in sales, while 38% expect sales to remain stable.
