The Week in Art cover image

The art market slump, the artist freed in the US-Russia prisoner swap, Max Ernst and Surrealism in Paris

The Week in Art

CHAPTER

Challenges and Transformations in the Art Market

This chapter explores the significant decline in Sotheby's earnings and the broader financial pressures impacting the art market. It discusses strategic partnerships aimed at alleviating debt, changing attitudes among wealthy collectors, and the evolving dynamics in auction houses. The conversation highlights the growing divide in accessibility to art and the need for a cultural shift to attract new collectors amidst ongoing market challenges.

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