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UNITED STATES – The art market had a brutal 2024, with global sales declining 12 per cent by value, according to a new report by Art Basel and UBS. The pain was spread across borders.

Global sales of art and antiques have fallen for a second consecutive year, declining by 12% in 2024 to an estimated $57.5 billion, according to the latest annual Art Market Report by Art Basel ...

The global art market shrunk for the second year in a row in 2024 but transactions grew with greater demand at lower price points, according to a report by UBS and Art Basel. In 2024, the art market ...

Sales trends outlined in the ninth edition of the Art Basel and UBS Global Art Market Report show a shift toward more accessible works, with significant growth in transactions under $50,000.

“Geopolitical tensions, economic volatility and trade fragmentation” drove the market down, according to the Art Basel and UBS Global Art Market Report. By Scott Reyburn Reporting from London ...

This growth indicates continued activity, especially in lower-priced segments Dubai – The ninth edition of The Art Basel and UBS Global Art Market Report 2025 by Arts Economics provides a ...

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Global art sales fell 12 per cent to an estimated $57.5 billion in 2024 as the high end of the market thinned following a strong post-pandemic recovery, the benchmark Art Basel and UBS Global Art ...