Up for interpretation: Data says art market booming; gallerists paint different picture

Santa Fe, a city with more than 250 art galleries and dealers, long has traced much of its economic vitality — and its identity — to its visual arts scene.

Forbes magazine labeled it the third-largest art market in the country, behind only New York City and San Francisco, in a February 2024 report — a designation repeated often by a variety of media outlets, including CNN. 

Travel + Leisure named it the seventh-best city in the world for art lovers in 2022, ahead of destinations such as Seattle, Berlin and Milan.

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