Art Basel Sales Rebound Globally
The global art market rebounded in 2025, with sales growing 4% to $59.6 billion, according to the Art Basel and UBS Global Art Market Report 2026 [https://luxurytribune.com/en/global-art-market-report-2026-global-sales-grew-by-4-in-2025, https://www.thestandard.com.hk/news/article/326549/Art-market-rebounds-HK-remains-a-vital-hub, https://manilatimes.net/2026/03/12/tmt-newswire/media-outreach-newswire/the-art-basel-and-ubs-global-art-market-report-2026-global-art-sales-rose-4-to-usd-596-billion-in-2025/2298432]. Hong Kong remains a vital hub for the Asian art market [https://www.thestandard.com.hk/news/article/326549/Art-market-rebounds-HK-remains-a-vital-hub].
The Art Basel and UBS report, which details the art market's 2025 performance, also indicated that the market is still below its pre-pandemic level [cite: https://luxurytribune.com/en/global-art-market-report-2026-global-sales-grew-by-4-in-2025]. In 2019, the art market reached a high of $64.4 billion [cite: https://luxurytribune.com/en/global-art-market-report-2026-global-sales-grew-by-4-in-2025]. The United States remains the largest single market, accounting for 34% of global sales [cite: https://luxurytribune.com/en/global-art-market-report-2026-global-sales-grew-by-4-in-2025]. China is second with 17%, and the United Kingdom is third with 17% [cite: https://luxurytribune.com/en/global-art-market-report-2026-global-sales-grew-by-4-in-2025]. Online art sales have decreased from the pandemic peak but still account for a significant portion of the market [cite: https://luxurytribune.com/en/global-art-market-report-2026-global-sales-grew-by-4-in-2025]. Online sales reached $11.3 billion, representing 19% of overall sales [cite: https://luxurytribune.com/en/global-art-market-report-2026-global-sales-grew-by-4-in-2025]. The report also highlighted the increasing importance of NFTs and digital art, though this sector's growth has slowed since its initial boom [cite: https://luxurytribune.com/en/global-art-market-report-2026-global-sales-grew-by-4-in-2025].
