Why the Art Market's Struggles Spell Opportunity

The Art Angle · Aug 17, 2023 · 47m

So... how is the art market doing these days?

If you want to know the answer, you’re in luck, because the latest issue of Artnet’s biannual Intelligence Report just dropped. It’s a special edition, marking the five-year anniversary of the report, which we debuted back in 2018 as a way of fusing Artnet’s unparalleled market data with the industry-leading abilities of our market journalists.

Unfortunately, the findings this time around are less than festive—in fact, the art market has taken a major hit this year.

To quickly review a few bracing data points collected between January 1 and May 20…