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The Art Market 2020 – A Year in Review
- Analyst: Lindsay Dewar
- Pages: 20
- Access: Analyst
Disruption and Innovation: The art market resets for a new era
Against the backdrop of the global Coronavirus pandemic, the events of 2020 brought new challenges few were prepared for. The last 9 months have seen an unprecedented amount of disruption in the art market, impacting nearly every aspect of the art eco-system, from artists to museums to art fairs and galleries, as restrictions on social gatherings have made it very hard for the largely events-based art market to survive.
However, despite these immense challenges, the art market has also experienced an extraordinary level of innovation and ingenuity, resulting in more digital innovation, experimentation and risk taking than we have seen in the past decade. The art market is at a tipping point of entering a new era, potentially redefining what it means to be an art business in the 21st Century.
We are delighted to present our inaugural ArtTactic The Art Market 2020 – an annual review that captures some of the key art market trends and moments over the last 12 months.