This is according to the latest edition of the Otis College Report on the Creative Economy

On the second day of Art Basel Miami Beach, leading dealers, advisers and market experts are split on the US president-elect’s tax and tariff plans

Amid uneven economic signals, many high-level art sellers are pursuing alternative revenue streams

The latest Otis College of Art and Design report on the state’s arts economy found every sector experienced declines in employment last year—except the fine and performing arts

New US government data report shows cultural industries accounted for 4.3% of national economic activity in 2022, though some sectors struggled to surpass pre-pandemic figures

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

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

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

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

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

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