The lower-priced sector is also the fastest growing, doubling over the past decade

An urgent treatise on the decommodification of culture by the professor of cultural economy Justin O’Connor

We speak to the report’s author, Clare McAndrew, about its findings

As the country's economy takes a nosedive, its institutions face fiscal freeze and covert control amid an increasingly chaotic and arbitrary government censorship regime

The true impact of the cost of living crisis on British art is revealed in a new survey by the UK charity Acme

Plus, Spain’s historical memory and a Dürer plate remade by Goldin + Senneby

Every museum visit produces $905 in social benefits per visitor, according to a study conducted at 11 art institutions

While auction houses and dealers are increasingly worried of a downturn, a look back to the 1970s and 1980s suggests that their anxieties might be unfounded

Total sales grew just 3% in 2022, while China's zero-Covid policies saw UK overtake it as second-biggest market

Fine and performing artists contributed $34.9bn to California’s economy in 2021, according to Otis College of Art and Design’s latest annual report, far less than workers in media and even architecture

Influential museum organisation calls for a new pay settlement, warning that workers face pay decreases "at the fastest rate for decades"

Amid rising interest rates and continued supply chain havoc, the UK's premier contemporary art fair resolves to celebrate the capital's position as an "international centre"

With the forced shift to online sales due to Covid-19 restrictions, global sales at Sotheby’s, Christie’s and Phillips boomed in 2021, with an increased focus on luxury goods as the rich get richer

The New York-based author has just released a three-part podcast series on The Hidden Side of the Art Market. Here, he speaks about what he learned—and why art is a bad financial investment, but a good emotional one

The bipartisan Creative Economy Revitalization Act is inspired by the New Deal-era Works Progress Association and the 1970s Comprehensive Employment and Training Act

Seven staff will also lose their jobs as tightened budgets and low attendance impact operations

The Conseil des Ventes Volontaires concludes that China dominates global auctions, accounting for $8.6bn of sales and 35% of the worldwide market

If Congress approves, the National Endowment for the Arts in particular would see its 2022 budget go up to $201m—the highest amount of government funding since its inception

Henry William Oelkers, one of the most beloved artist’s models in the city, may be a dream subject, but the pandemic has exacted a heavy toll on everyone in a financially insecure profession

In New York, two-thirds of posts in the creative sector are gone, while nearly a quarter of the workforce in Los Angeles has been cut

While today’s art world has been shaped by the prism of price, our current economic model may not be inevitable

A new study from the Brookings Institution estimates losses of $150bn in creative industry revenue while calling for more federal support for cultural workers

A detailed report calls the trade “the largest, legal unregulated industry in the United States” and recommends increased transparency and government oversight

The UN-sponsored event led by Christopher Bailey, the WHO’s lead on art and health, included art critic Jerry Saltz, Brooklyn Museum director Anne Pasternak, and artist Mona Chalabi

As the IMF warns we are heading towards the worst economic slump in living memory, the art industry starts to fear a double dip recession

Institutions need visionary leaders to find ways to adapt to a dramatically altered culture

The veteran New York dealer shares her concerns about the current coronavirus crisis—and what the art world needs to stay focused on

The coalition is asking for $6bn in federal aid, and to permanently expand the charitable giving deduction to encourage US taxpayers to donate to non-profits

Charleston, a ramshackle farmhouse complete with painted interiors by Vanessa Bell and Duncan Grant, has launched an emergency crowdfunding appeal

Funding from development fees would be used to help artists and non-profits by the pandemic instead