Editor’s Note: This story originally appeared in On Balance, the ARTnews newsletter about the art market and beyond. This generation of collectors has become critical to the art market recovery—at least the one experienced by the major auction houses. Because the art market has a perpetual supply problem. This is especially important because the art market “correction” from 2023 through 2025 was concentrated at the top. Mitchell Zuckerman, a cofounder of Art Market Advisors and a former Sotheby’s executive, told me that executors and beneficiaries frequently choose guarantees.