The 2024 Spring Auction Season Was the Worst Financial Performance This Century, According to New Report

A new report by veteran art market analysts Michael Moses and Jianping Mei of JP Mei & MA Moses Art Market Consultancy, argues that the 2024 spring auction season was “the worst overall financial performance” for the art market this century.The report, titled “How Bad Was the Spring 2024 Auction Season? Financially as Bad as It Gets,” analyzed around 50,000 repeat sales of artworks at Christie’s, Sotheby’s, and Phillips over the last 24 years. Only works f