Online-Only Auctions Are the Market’s Tell, Not Its Future
The online-only format was supposed to democratize the market. Six years in, the data says it mostly moved the floor.
The online-only format was supposed to democratize the market. Six years in, the data says it mostly moved the floor.
Institutional demand has rerated African contemporary in five years. Secondary liquidity — meaning, a fair two-way market — is still where it started.
After a decade of soft prices, photography is behaving like an undervalued asset class again — and the catalysts this time are structural, not sentimental.
Sculpture trades at a persistent discount to painting by the same artist — and the discount is widest where it shouldn’t be.
From Saadiyat to AlUla, the Gulf has built institutions first and market appetite second. That sequencing matters for what prices do next.