In this episode, impressionist, post war & contemporary art specialist, Ben Hanly takes a detailed look at the current state of the art market. Despite facing challenges from global inflation, political instability, and lingering effects of the COVID-19 pandemic, the art market demonstrated resilience in 2023-2024. While overall sales decreased by 4%, high-value artworks continued to fetch impressive prices, indicating sustained demand among collectors. The rise of online sales further fuelled market activity, showcasing the evolving landscape of art acquisition. Although economic concerns impacted discretionary spending, particularly at the top end of the market, the art world continues to navigate these complexities with a blend of cautious optimism and enduring passion for collecting.
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