The Future of Auctions: Predictions and Trends for 2025
As we step into 2025, the world of auctions is set to undergo significant transformations. The art market, in particular, is poised for a dynamic shift, with industry figures predicting a healthy lower end of the market.
And with that in mind one of the world’s leading auctioneers and authority figures has offered some views on what 2025 may hold for us all.
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Prices are expected to rise by 10% by the end of the year, offering a promising outlook for collectors and investors alike. However, the middle market may face challenges due to geopolitical issues and a slowdown of Asian engagement. The top end of the market, on the other hand, is expected to continue its pursuit of high-quality works.
The role of dealers and art advisers is set to become more prominent this year. As more collectors and estates seek alternative routes to manage their disposals, these professionals are expected to play a significant role.
The private market is likely to see an increase in discreet transactions, as owners continue to rely on it for their needs.
In the digital age, visual algorithms on social media, news feeds, and gallery offerings are expected to deepen and calcify. This could lead to more iterations of what we already know and ‘like’.
However, there is hope that the smartest and bravest participants in the art market will start looking again at what is unpopular, off market, passé, ugly, difficult and challenging. This could potentially open up new avenues and opportunities in the art world.
Sustainability is another key trend to watch out for in 2025. The art market is expected to continue striving for an active and committed approach to sustainability. There is a need to improve the precision, measurability, and transparency of the commitments made by auction houses, galleries, and art fairs. This could lead to more sustainable practices and a greener art market
Finally, changes in gallery business practices are predicted to bring about significant growth. More galleries are expected to move away from standard white-cube permanent spaces to explore nomadic and collaborative exhibition models. There will also be increased flexibility across the landscape of artist representation.
In conclusion
2025 promises to be a year of change and growth for the world of auctions. With new trends and practices on the horizon, it’s an exciting time to be a part of this dynamic industry.
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