Deloitte's 2026 Report Reveals Fragile Art Market Recovery in 2025 with 14.8% Auction Growth

The 2026 Art & Finance Report by Deloitte highlights a 14.8% rise in revenue for the global art and collectibles sector at leading auction houses in 2025, compared to the previous year, suggesting a delicate recovery amidst economic fluctuations and geopolitical issues. The year unfolded in two distinct phases: initial uncertainty due to possible U.S. tariffs in the first half and a reduction in tensions later on. The U.S. dominated painting sales with 64.1%, while London captured 20.7%. The rate of unsold items decreased to 11.4%. Passion Assets experienced a 16.3% growth. Notably, Millennials and Gen Z represented 30-40% of new buyers, and 81% of Christie's sales occurred online. In July 2025, Italy aims to lower VAT on art to 5% to boost competitiveness.