American economy

Is the US museum sector in crisis?

Plus, a new antisemitism scandal at Documenta and a Kim Lim sculpure on show at the Hepworth Wakefield

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The arts made up more than $1 trillion of the US economy in 2021

The art and cultural sectors had a larger impact on the US GDP in 2021 than ever before, according to a new report from the National Endowment for the Arts and the Bureau of Economic Analysis

Visual and performing artists have struggled to recover from the pandemic, analysis of California’s creative economy shows

Fine and performing artists contributed $34.9bn to California’s economy in 2021, according to Otis College of Art and Design’s latest annual report, far less than workers in media and even architecture

NEA study shows arts sector remained major contributor to US economy even as pandemic took its toll

The study found that while the US arts economy shrunk twice as fast as the overall economy, the arts’ contribution to GDP held steady

US inflation rates are rising at the fastest pace in decades. What does it mean for the art market?

Art market economists warn US may soon reach a state of stagflation not seen since the 1970s - and buying art might not help investors

Jillian Billard

Blue chip artists and dealers benefit from coronavirus relief packages, a federal report reveals

Pace, David Zwirner and Jeff Koons named among the top recipients of US taxpayer-funded forgivable loans, as smaller galleries seek additional aid

Art marketarchive

Removing French trade barriers still leaves London auction houses with upper hand

Five years ago, France finally allowed outsiders to hold auctions in the country by ending the 400-year-old monopoly of state-appointed auctioneers