artsy – The art market shrank by 22% in 2020, down from $64.4 billion in sales in 2019 to $50.1 billion last year. That drop, reported in economist Clare McAndrew’s “The Art Market 2021” report (published today by Art Basel and UBS), puts a figure on the enormous impact of COVID-19, which forced much of the art world to shift online only almost exactly one year ago. – read more
