Art Market Minute
Signs of Market Recovery
Artnet's data reveals some gains at the top end of the market in 2025.
Sonia Manalili &
Margaret Carrigan
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Could this be the year of the art market’s big rebound? After three years of contraction, we started to see some green shoots of recovery at the very top end of the market in 2025, according to the Artnet Price Database.
Bildnis Elisabeth Lederer by Gustav Klimt is pictured at Sotheby’s Marquee Sales Series in New York on November 8, 2025. Photo: Charly Triballeau/ AFP via Getty Images.
Plus, why more small and emerging galleries are working with artists’ estates. And roughly half of art-backed loans by non-bank businesses defaulted in 2024, according to a recent report.
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