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 ...

“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 ...

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.