Hauser & Wirth UK Profits Plunge 90% as Art Market Slumps

Blue-Chip Art Is in a Slump. It’s a Buyer’s Market for Monet, Picasso, and Warhol.

Art sales may be in a prolonged slump, but a Berlin-based art broker focused on blue-chip works says collectors have “exceptional leverage” to buy top-quality art at great prices.

Hauser and Zwirner’s UK Galleries Report Nearly 90% Drop in Earnings

The news of the dip in profits, reported in public financial filings, comes amid a rumored global art market downturn.

Global art market plunges 41% as galleries close and fairs cancel

Global art market plunges 41% as galleries close and fairs cancel High interest rates and fading pandemic demand leave galleries struggling and collec

Art Market Review – between panic and possibility

The art market faces turbulence in 2025: major gallery closures, shifting generational tastes, and polarisation between mega-galleries and independents. Yet fairs expand, Italy seeks a comeback, and resilience endures – raising questions about sustainability, scale, and meaningful engagement.

Profit and loss at Hauser & Wirth

Manet in the dock and smuggling in Ukraine

The Global Market — The Art Basel & UBS Art Market Report 2025 By Arts Economics