How Much Did the Market Contract in 2024?

The art market is shifting from a long run of profit-driven speculation to more personal, taste-led collecting. Mid-tier collectors and younger buyers influenced by pop culture and digital trends are reshaping the landscape, while online sales continue to grow. Artnet’s latest Intelligence Report, The Year Ahead 2025, explores the forces behind these changes.

This week, Margaret Carrigan breaks down the big numbers from the report. Looking at last year’s auction sales, from which country saw the biggest decline in total sales to which category contracted the most, she offers an incisive overview of where the market stands now.

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