Art market trends

June 2023 saw several significant events and developments in the art market that captivated art enthusiasts and collectors alike.

From record-breaking auctions to the success of renowned art fairs, the art world demonstrated its resilience amidst turbulent times.

The month of May is a highly anticipated period for art enthusiasts and collectors around the world as it marks the time when prestigious auction houses such as Christie's and Sotheby's in New York present their finest selection of 20th and 21st-century artworks. This year's auctions proved to be no exception, as the two renowned auction houses generated over $1.7 billion in sales over just a few days.

When it comes to investing and allocating money, there are various options to consider. While traditional investments like stocks, bonds, and cash are well-known, there is a growing trend towards alternative investments, with a particular focus on art.