""Interest in art is waning; screens and televisions have replaced pictures in living rooms.""
""Oil flows into every corner of the industrialised economy. It drives the cost of our heat and light, our plastics and fertiliser, our planes, trains and automobiles.""
""The market is regenerating," as evidenced by more galleries opening than closing last year (42% versus 25%)."
The art market experienced a 4% growth in 2025, yet underlying issues persist. Protectionism and tariff threats from the US are affecting art flow, particularly in the contemporary sector. Selling costs, including shipping and logistics, are rising. Demand for art is declining, with the average number of buyers per gallery at its lowest since 2021, especially impacting smaller businesses. Global geopolitical tensions, particularly the war in Iran, are exacerbating economic uncertainties. Despite challenges, some galleries are opening, indicating potential market regeneration.
Read at The Art Newspaper - International art news and events
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