Economy

Art Basel in Miami Beach sales report: dealers brace for gloomier times ahead

The fair saw healthy sales, particularly at the market’s top end, but many galleries are wary of a downturn

Anny Shaw. With additional reporting by Gareth Harris
Art marketanalysis

For US collectors buying in London, the dollar’s strength may be their only advantage

While the relative weakness of the pound this season has given Americans at Frieze more buying power, many other factors may prevent them from making major purchases

Reportnews

Creative workers accounted for nearly one quarter of California’s economy in 2020, report finds

The latest edition of the annual Otis College Report on the Creative Economy makes the point that even as California’s arts sector bounces back, long-term support is needed to ensure it truly thrives

Art marketcomment

Global recession looms—but there's a new twist

Burgeoning private museums offer cause for hope among economic uncertainty and geopolitical turbulence