Story perspectives

Art Market Shrinks Amid New Buyer Trends and Challenges

9/13/2025

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Summary

Story summary

The art market is contracting, as discussed at the Art Business Conference in London.
Roman Kräussl stated that challenges are not linked to external factors like Covid or war.
Martin Wilson noted a trend of "identity collecting" among new art buyers.
Emilia de Stasio highlighted the importance of convenience, tailored advice, and enjoyment to attract younger clients.
Auction sales showed slight improvement, with U.S. sales down by under 1% and French sales up by 4.8%.

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Story summary

The art market is contracting, as discussed at the Art Business Conference in London.
Roman Kräussl stated that challenges are not linked to external factors like Covid or war.
Martin Wilson noted a trend of "identity collecting" among new art buyers.
Emilia de Stasio highlighted the importance of convenience, tailored advice, and enjoyment to attract younger clients.
Auction sales showed slight improvement, with U.S. sales down by under 1% and French sales up by 4.8%.