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flag Art market sales dropped 12% in 2024, facing challenges from new buyer spending and global economic factors.

flag The art market faced tough times in 2024, with sales dropping by 6% in value. flag New collectors made up 44% of buyers, but they spent less, leading to lower auction sales. flag The industry braces for more challenges from tariffs and unstable equity markets. flag In 2025, only 19% of major dealers expect sales to improve, while 33% predict a decline. flag Global sales fell 12% to $57.5 billion, the third-biggest drop in 15 years. flag Contemporary art sales fell sharply, but trading volume increased, mostly in the lower-priced segment.

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