1、ART MARKET REPORT2025BYARTS ECONOMICSTHE ART BASEL&UBSWelcome to The Art Baseland UBS Art Market Report 2025 by Arts EconomicsPublisherThis report is jointly published by Art Basel and UBSArt BaselMCH Swiss Exhibition(Basel)Ltd.Messeplatz 10,4005 Basel,SwitzerlandT+41 58 200 20 ,UBSUBS AG or an affi

2、liateBahnhofstrasse 45,8098 Zurich,SwitzerlandT+41 44 234 11 AuthorDr.Clare McAndrewArts EEditing Dr.Jeni Fulton and Lesley KilmurrayDesignMitchell F GilliesDevelopmentDenken Studio2INDEX INTRODUCTION1.THE ART MARKET2.DEALERS3.AUCTIONS4.OUTLOOKSection ContentsFigure ContentsAcknowledgementsForeword

3、by Art Basel Foreword by UBS1.The Global Art Market 2024Key Findings1.1 Overview of Global Sales1.2 Regional Market Performance1.3 Online SalesExhibit 1.The Art Tradein a Zero Sum WorldExhibit 2.The NFT Marketand Preserving Digital Art2.DealersKey Findings2.1 The Dealer Sector in 20242.2 Dealer Sale

4、s2.3 Artist Representation2.4 Dealer Costs and Margins2.5 Buyers2.6 Sales Channels and Art Fairs2.7 Exhibitions and Fairs2.8 Online Sales2.9 Dealers Challenges andPrioritiesExhibit 3.The Art of Timing:Strategic Shifts in FairAcquisitions4101214161719233036465354576681921061181271341421463.Auction Ho

5、usesKey Findings3.1 The Auction Sector in 20243.2 Top-Tier Auction Houses3.3 Mid-Tier Auction Houses3.4 Price Segmentation inFine Art at Auction3.5 Fine Art Sectors3.6 Post-War andContemporary Art3.7 Modern Art3.8 Impressionism andPost-Impressionism3.9 Old Masters and EuropeanOld MastersExhibit 4.Th

6、e Art of Indexing:Quantifying Creativity in theFinancial World4.OutlookKey Findings4.1 Outlook for 20254.2 A Note on Wealth4.3 Outlook of the Art Tradefor 2025Exhibit 5.Economic Perspectivefrom UBSAppendix Rights and Disclaimer1531541571661711771891932062122182302362372382402472532562653INDEX INTROD