The global art market faced a challenging year, navigating geopolitical uncertainties, worldwide elections, and economic headwinds. Auction sales for Old Masters, Impressionist, Modern, Post-War, and Contemporary Art at Sotheby’s, Christie’s, and Phillips reached over $4 billion in 2024, reflecting

The art market realigns with a new reality as we head into 2025The lingering effects of nearly two years of market contraction were still evident in this week’s series of Evening Sales at Christie’s, Sotheby’s and Phillips in New York. Total evening sales (excluding buyer’s premium) reached $906 mil

Robust Resale Performance in New York AuctionsThe New York Marquee Evening sales in November 2023 saw 69 lots returning to the auction market (compared to 81 lots in November 2023) with a combined premium value of $291.2 million (compared to $439.3 million in November 2023). The total sales of these

Lack of fresh material contributes to mixed performanceThe London Marquee Evening sales in October 2024 saw 33 lots returning to the auction market, accounting for 41% of the total evening sales value (sales at Sotheby’s and Phillips).This analysis takes a closer look at the performance of these rep

Is the worst over?London’s evening sales raised £110 million against a pre-sale low estimate of £114 million. The results were lower than October 2023, however, the increase in guarantees could signal renewed confidence in the market.ABOUT THIS REPORT:This report presents an in-depth comparative ana

In this week's episode of the ArtTactic Podcast, host Adam Green is joined by Tim Schneider, founder of The Gray Market, to explore his much-anticipated annual art market predictions. Known for his sharp insights and bold forecasts, Tim shares highlights from his newly published 2025 predictions, di