The global art market returned to growth in 2025, with total sales rising 4% YoY to $59.6 billion, according to the Art Basel and UBS Global Art Market Report 2026. Public auctions were the main driver, up 9% to $20.7 billion, while high-end works priced above $10 million surged approximately 30%. Gallery sales grew 2% to $34.8 billion; private sales fell 5% to $4.2 billion. The U.S. led with $26 billion (44% of global value), followed by the U.K. at $10.5 billion and China at approximately $8.5 billion.

Related reading: Beyond product: How luxury brands ignite desire through art