Art Basel CEO: global art market at 'inflection point'

The global art market has returned to growth in 2025. According to the Art Market Report published by Art Basel and UBS on Thursday, sales rose by 4% to $59.6 billion (CHF46.52) following a 12% slump in the previous year. + Get the most important news from Switzerland in your inbox According to the report, the value of auction sales rose by 9%, while more moderate growth of 2% was recorded in the dealer segment. Noah Horowitz, CEO of co-publisher Art Basel, speaks of a "strategic inflection point" in the continued evolution of the art business.