An informative section of an article by Arun Kakar:
The global art market returned to modest growth in 2025 after two consecutive years of decline, reaching an estimated $59.6 billion in sales, according to the latest Art Basel and UBS Global Art Market Report.
The 4% year-over-year increase in art sales globally is still below the 2022 peak of $67.8 billion. Growth in 2025 was also uneven across regions and price segments, reflecting broader economic volatility, rising costs, and ongoing geopolitical uncertainty.
Auction houses played a major role in the market’s recovery. Public auction sales rose 9% to $20.7 billion, fueled by high-value consignments. Works priced under $50,000—representing 95% of auction transactions—saw both value and volume decline by 2% in 2025, while pieces above $1 million accounted for less than 1% of lots but 54% of the market’s value. Sales for works priced above $10 million rose by 30% in value.
ARTtentif Research Network 