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In this latest bi-annual edition of The Intelligence Report, we take a deep dive into today’s art market. | [The Intelligence Report]( Mid-Year Review 2024 [The Intelligence Report]( Mid-Year Review 2024 [Alternate text]( [Alternate text]( Read the latest Artnet Intelligence Report, your essential mid-year market review. In our latest bi-annual report, we take a deep dive into the market effects and responses to this unsettling time. Punishing interest rates, ongoing geopolitical tremors, and the melodrama of a U.S. presidential election have collectors rethinking their splurges. At the center of this edition, Katya Kazakina investigates the sharp drop in resale values for once-coveted works. Her data-driven narrative reveals a market in free fall, with speculators fleeing the scene and galleries shuttering or scrambling to adapt. Kazakina surveys innovative responses across the industry, like fresh sales tactics, a new spirit of collaboration, and a slowdown in production. Everyone is thinking about how to remain afloat amid strong currents of change. Also in this issue, Eileen Kinsella talks to Sotheby’s rainmaker Phyllis Kao, who shares how auction houses are navigating these choppy waters, as her house slashes buyer’s premiums and sets up shop in Hong Kong's luxe Central district. Artnet News and Morgan Stanley analyze the shifting landscapes in New York, London, Hong Kong, and Paris over the past decade, as auction houses and other market players have coped with a world in upheaval. And Margaret Carrigan brings it all together, offering a no-nonsense breakdown of auction stats and trends. Her insights cut through the spin, delivering the cold, hard facts you need to stay ahead. For all this and more, click below. Read the latest Artnet Intelligence Report, your essential mid-year market review. In our latest bi-annual report, we take a deep dive into the market effects and responses to this unsettling time. Punishing interest rates, ongoing geopolitical tremors, and the melodrama of a U.S. presidential election have collectors rethinking their splurges. At the center of this edition, Katya Kazakina investigates the sharp drop in resale values for once-coveted works. Her data-driven narrative reveals a market in free fall, with speculators fleeing the scene and galleries shuttering or scrambling to adapt. Kazakina surveys innovative responses across the industry, like fresh sales tactics, a new spirit of collaboration, and a slowdown in production. Everyone is thinking about how to remain afloat amid strong currents of change. Also in this issue, Eileen Kinsella talks to Sotheby’s rainmaker Phyllis Kao, who shares how auction houses are navigating these choppy waters, as her house slashes buyer’s premiums and sets up shop in Hong Kong's luxe Central district. Artnet News and Morgan Stanley analyze the shifting landscapes in New York, London, Hong Kong, and Paris over the past decade, as auction houses and other market players have coped with a world in upheaval. And Margaret Carrigan brings it all together, offering a no-nonsense breakdown of auction stats and trends. Her insights cut through the spin, delivering the cold, hard facts you need to stay ahead. For all this and more, click below. [Read the report]( [Read the report]( Follow us [Instagram]( [Facebook]( [Twitter]( This email was sent to {EMAIL} by Artnet Worldwide Corporation. 373 Park Avenue South, 5th Floor, New York, NY, 10016, USA [Unsubscribe]( from this list, [register]( to receive Artnet newsletters, or [update]( your profile. For more information, please contact us at marketing@artnet.com. [Terms]( [Privacy]( [FAQ]( Follow us [Instagram]( [Facebook]( [Twitter]( This email was sent to {EMAIL} by Artnet Worldwide Corporation. 373 Park Avenue South, 5th Floor, New York, NY, 10016, USA [Unsubscribe]( from this list, [register]( to receive Artnet newsletters, or [update]( your profile. For more information, please contact us at marketing@artnet.com. [Terms]( [Privacy]( [FAQ]( Having trouble viewing this email? [Click here.]( Having trouble viewing this email? [Click here.](