Section
Business News
Business reporting on contemporary art: consignment terms, primary and secondary pricing, resale royalties, booth costs, shipping and insurance, and where a gallery's margin actually goes. Numbers are given where obtainable. Written for artists negotiating contracts and collectors who want the mechanics rather than the mystique.
Business News coverage from Art Real NY.
Business NewsThe Art Basel and UBS Art Market Report 2024 put 2023 global sales at $65 billion, down 4 percent — but the number the trade actually argued about was the 30 percent drop at the top of the market.
Valentina Rossi-Moretti
