How Has 2020 Impacted the Global Art Market?
The global art market is a $67 billion-a-year business and has been growing steadily in recent years, alongside the stock market and the housing market. But unlike some other markets, the COVID-19 pandemic has had less of an economic impact on the art market.
Interview of Sarah Thornton,Art Market Expert and Author :
I think we’re in the midst of a complete reevaluation of the canon, i.e., the top 50 most important artists. That’s because our sense of what’s important and our sense of the cultural landscape has shifted so dramatically. The art market is not a singular market. It is made up of thousands of artists’ markets, and while one rises, another descends.