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How Trump Is Jeopardizing the US Art Market
['Pratt Manhattan Gallery', 'New York City Economic Development Corporation', 'Nycedc', 'New York Academy Of Art', 'Fairfield University Art Museum']
Hyperallergic
It’s a signal, one with very real consequences for the art market.
What social media vetting is good at is threatening rights to expression, association, and privacy.”The impact on the art market deserves distinct attention.
In 2024, the United States accounted for roughly 43% of global art market sales, according to the recent UBS and Art Basel Survey of Global Collecting.
This proposal threatens the very qualities that make the US competitive in the art market.
If these requirements take effect, the global art market will do what it has always done in the face of constraint: It will adapt.