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Art and auctions

State of the art market: US remains No. 1 for transactions as global sales drop 4pc to $65B amid slowdown

March 13, 2024

The Palm Court Feb. 7, 2023 at the Miami Design District with a Giorgio Armani-sponsored sculpture project in honor of Art Basel Miami The Palm Court Feb. 7, 2023 at the Miami Design District with a Giorgio Armani-sponsored sculpture project in honor of Art Basel Miami

 

By Mickey Alam Khan

The global art market has once again shown its resilience in the face of high interest rates, inflation and political instability.

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