The New York Times – As we enter 2017, and the inauguration of Donald J. Trump looms, many sectors of the global economy are wondering what impact his presidency will have on their business. The art market is one of them.
Last year, the political and economic uncertainty generated by the United States election (not to mention Britain’s referendum on leaving the European Union and other so-called macro factors) made collectors hesitant to buy or sell artworks. This resulted in reduced year-on-year totals at Christie’s and Sotheby’s evening contemporary auctions in New York and London, and more muted demand at the world’s leading art fairs. read more