Auction sales fall 6% in the first half, raising fears of an art market shift

Why billionaires aren’t bidding: Art sales fall to decade low

Big-ticket art is stalling, but demand for luxury items and lower-priced collectibles is on the rise.

Auction sales fall 6% in the first half, raising fears of an art market shift

Auction sales have been declining for the third year in a row and are down 44% — or more than $3 billion — from the first six months of 2022.