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Art Market Evolution: Challenges and New Strategies

The art market faces challenges amid a paradigm shift. New consultancies emerge, focusing on next-gen collectors, personalized service, and navigating a globalized, digitally driven landscape. Art Basel adapts to changing audiences.

1 Jul 2025

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Gen X are the biggest spenders on art as ‘speculative’ millennials drop back, latest UBS/Art Basel survey finds

She identifies the high end of the market, "which was so pivotal in driving sales out of contraction in 2020", as thinning out considerably, "creating a drag on growth despite more positive performance in some other lower-priced segments."

25 Oct 2024