Global Art Market Sales Rise 4% to $59.6 Billion in 2025, Art Basel and UBS Report Finds
The global art market returned to growth in 2025, with sales increasing by 4% year-on-year to an estimated $59.6 billion, according to the Art Basel and UBS Global Art Market Report 2026. Aggregate dealer sales rose 2% to $34.8 billion while public auction sales increased 9% to $20.7 billion, though private sales fell 5% to just under $4.2 billion. The US, UK and China accounted for 76% of global sales by value, with the US share rising 1% to 44%. Art fair sales reached 35% of dealer turnover, their highest share since 2022.
The Signal
The report signals a measured recovery amid geopolitical and tariff pressures, with buyer confidence improving in the second half of the year and high-end lots driving auction gains. Online sales declined to $9.2 billion, their lowest level since 2019, as transactions shifted back to in-person channels. For collectors and galleries, the data underscore the importance of exceptional works and direct client engagement as the market recalibrates, with the ongoing Great Wealth Transfer expected to reshape participation and long-term demand.
- People: Dr. Clare McAndrew, Noah Horowitz, Paul Donovan
- Locations: US, UK, China
- Prices: $59.6 billion, $34.8 billion, $20.7 billion, $4.2 billion, $9.2 billion
📊 Market Intelligence
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