A recent report came out that Sotheby's earnings were down 88%. One explanation is a structural shift in how newer generations value physical objects versus experiences.
Peter Bauman, Simon Denny on Society, Technology and Art
Art fairs have struggled this year with lower sales. Frieze is up for sale. Auction houses have struggled this year. Sotheby's had to be saved basically by Abu Dhabi's sovereign wealth fund.
Peter Bauman, Digital Art in 2024 and What's Next