Just watched the live stream of the 2025 Art Basel & UBS Art Market Report—global art sales dipped 12% to $57.5B in 2024, with a notable drop in high-end auctions. Economic headwinds clearly played a role, but what’s interesting is the strong engagement from next-gen collectors. The U.S. still leads the market, holding steady at 43%. Challenging times, yes—but also a moment of recalibration and new energy in the art world.
Speakers included:
Dr. Clare McAndrew, Author of Report and Founder of Arts Economics; Noah Horowitz, CEO, Art Basel; Ulrike Hoffmann-Burchardi, CIO Global Equities, UBS Global Wealth Management; and Steve Henry, Senior Partner, Paula Cooper Gallery
