23.10.2024. | Articles | Art Consult

Objectivity, Reliability, Validity

Since the spring of 2024, the art market has been undergoing a continuous test. Alongside Clare McAndrew’s Art Market Report, financed by UBS Bank, and the quick-thinking analysts at ArtTactic, the online portal Artnet, backed by another bank, Morgan Stanley, has recently delivered an extensive, data-supported “Intelligence Report.” What should be done when major auction houses experience revenue declines of 20–30% for two years in a row — 2023 and 2024— depending on the country and the institution’s size?