UBS: Global Art Market Shrinks But Transactions Rise

by Finews Editorial

The global art market shrunk for the second year in a row in 2024 but transactions grew with greater demand at lower price points, according to a report by UBS and Art Basel.

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Art installation featuring golden abstract sculptures on gray pedestals with spectators in a gallery setting.

What Sold at Art Basel Hong Kong 2025

by Art Basel Editorial

From pieces fetching over USD 1 million to a strong interest in young artists to acquisitions by museums around the world, galleries reported an impressive array of sales at this year’s show

Storefront with art display by Jonas Wood, featuring paintings of flowers on green dotted background, wooden doors and window frames.

5 Things Art Collectors Need to Know About Buying Prints

By Annabel Keenan

The world of printmaking is a nuanced and exciting facet of the art industry that offers accessible entry points for new buyers and meaningful ways for seasoned patrons to expand their collections. Simply explained, prints are artworks that have been created by transferring an image from one surface to another, such as from a metal plate or sheet of plastic to a piece of paper.

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Abstract painting with vibrant red, yellow, and green colors, featuring expressive line drawings of faces, shapes, and a dog-like figure.

Christie’s 20th/21st-Century Evening Sale in Hong Kong Totals $73.3 M.

The first auction held by Christie’s at its new Asia headquarters in The Henderson building in Hong Kong last September was a buoyant affair, carried by excitement for the glitzy locale, designed by Zaha Hadid Architects. That inaugural evening sale, for 20th- and 21st-century art, brought in $113.4 million (with buyer’s premium), a more subdued haul compared to past boom years, but still a solid result.

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