Art Market Cools: Contemporary Sales Drop 40% From Pandemic Peak

ArtPrice’s 18th Contemporary Art Market Report reveals a stabilization in the contemporary art sector. The report, covering 2023-2024, shows the market’s value reached $1.888 billion. This figure represents a 40% decrease from the historic peak of $2.73 billion in 2020-2021. The contemporary art market now accounts for 17% of the total art market value, up […]