Recession is likely—and the art market is not immune

Photo caption: Are we in for a nail-biting end to the summer? […] Photo credit: Max Mumby / Indigo / Getty Images. Article by Melanie Gerlis. The Art Newspaper – July 27, 2022.

It might take a little longer in our world for the bad news to feed through, but feed through it will

The art market’s traditional summer break is becoming more nail-biting than usual as the wider economy teeters towards a recession. Most of the pessimism emanates from the US, which is the ever-growing driver of the global art market, so a slowdown of activity there would ripple worldwide. […]

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