05/22/2026
In AARTnewsthis week, APAA Executive Members Candace Worth and Megan Fox Kelly share their perspective on the broader market following Christie's $1.1 billion sale.
"The art market needs to be defined much more broadly than just these super high-end blue-chip works that transact publicly," Candace noted. "There's the gallery market, private sales, advisory businesses, younger galleries, and smaller fairs—all different strands."
Megan added: "When collectors see extraordinary works making extraordinary prices, they assume the market is up for everything. But those sales don't automatically lift the value of everything else."
Read George Nelson's full piece in ARTnews:
While Christie’s $1.1 billion double-header this week was welcome news, it’s worth keeping a couple of things in mind before getting carried away.