The first half of 2025 has offered little respite for the global art market. After a brief glimmer of optimism at the start of the year, market sentiment has retreated once again into negative territory. Our latest survey findings reflect a market grappling with persistent uncertainty, shaped by political turbulence, economic volatility, and a fragile global outlook.

About this report:
The ArtTactic Art Market Confidence Indicator was launched in May 2005 and is now in its 42^nd edition. The survey is modelled on a similar methodology to the CEO confidence Survey that was launched in 1976 by the Conference Board in the US. We believe that the opinions of a small group of select ‘art insiders’; collectors, auction houses, advisors and other art professionals provide a valuable insight into the perception about the current and future state of the art market.

Artists included in this Confidence Survey:
Established Artists
Kai Althoff, John Baldessari, Miquel Barcelo, Matthew Barney, Georg Baselitz, Mark Bradford, Cecily Brown, Glenn Brown, Maurizio Cattelan, Jake & Dinos Chapman , George Condo, Peter Doig, Marlene Dumas, Olafur Eliasson, Fischli & Weiss, Urs Fisher, Gilbert & George, Robert Gober, Andreas Gursky, Damien Hirst, Anish Kapoor, On Kawara, Mike Kelley, William Kentridge, Anselm Kiefer, Jeff Koons, Yayoi Kusama, Paul McCarthy, Vik Muniz, Takashi Murakami, Yoshitomo Nara, Shirin Neshat, Chris Ofili, Elisabeth Peyton , Sigmar Polke, Richard Prince, Neo Rauch, Gerhard Richter, Thomas Ruff, David Salle, Sean Scully, Cindy Sherman, Rudolf Stingel, Thomas Struth, Mark Tansey, Rosemarie Trockel, Luc Tuymans, Bill Viola, Jeff Wall, Franz West, Rachel Whiteread and Christopher Wool

CONTENTS

Foreword

Key Findings

Art Market Confidence

Artists Confidence Indicator

Artists Longevity Indicator

Artists Confidence Quadrant

Artists Confidence Ranking

FOCUS: Artist Market Confidence Analysis