Art Market Is Shifting Toward Affordable Works

Hypertext – The contemporary art market is bouncing back, but big-money sales are slowing down. According to Artprice’s latest report, more people are buying affordable pieces, while expensive artworks are struggling to sell. In 2024, contemporary art sales hit $1.89 billion USD, with most pieces going for under $5,000 USD. Sales of high-end works over $50,000 USD dropped by 21 percent, showing that collectors are being more careful with their spending.

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