While the art market is undergoing a significant readjustment to return to pre-pandemic levels, it has notably expanded its base. There are now fewer frenzied races to multi-digit record prices ...

[PARIS] The value of art sold at auctions globally fell by a third last year compared with 2023, with the Chinese market crashing by 63 per cent, auction data published on Monday (Mar 10) showed.

Gone are the days of endless record-breaking bids at art auctions, with the once-booming market spurred by speculator cash in decline since 2021. That has meant some high-end sellers have postponed or ...

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