Art Market Experts See Rebound in Confidence After 2023 Slump

You could feel it in the field, where auctions were good, not great; art fair sales were fine, not frenzied; and dealers did their best to put on brave faces as they explained that, well, actually, some pieces were still available. Christie’s reported a 25% decline in sales by value; Sotheby’s says its numbers stayed about even, though it included such non-art things as real estate and car auctions in its total.