Art Market Forecast for Stability in 2024, But Risks Remain
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Most experts expect the contemporary art market to remain stable in 2024, but geopolitical and economic risks could lead to further downturns.
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Experts are slightly more optimistic about the secondary art market compared to the primary market. Works by post-war and blue-chip artists expected to perform well.
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Contraction likely to continue at the very high end of the art market. Lower priced works under $50,000 were a bright spot in 2022 but outlook uncertain for 2024.
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Print and edition works could present opportunities in 2024 as lower-priced alternatives while top end slows.
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Positive outlook for works by women artists, with increased museum shows and representation driving more interest and sales.