The State of the Art Market with María Sancho-Arroyo

Following the post-pandemic surge of 2021–2022, the art market experienced a slowdown in 2023, a trend that persisted into 2024. As 2025 approaches, the central question is whether the market will rebound or stabilize at current levels. While uncertainty remains, increased confidence among buyers and sellers suggests that a further downturn is unlikely.

This session will examine key factors influencing market dynamics, including the impact of U.S. economic policies, potential tax cuts, and ongoing concerns over tariffs. It will also explore broader structural trends, such as the continued strength of blue-chip artists, the rise of emerging talent, and the shifting roles of galleries and fairs. Additionally, the growing integration of financial mechanisms—such as fractional ownership and art-backed lending—will be analyzed in the context of their implications for collectors, investors, and institutions.

Maria Sancho-Arroyo: is an art market expert with over 30 years of experience, having worked at the MNAC in Barcelona, the Louvre in Paris, and Sotheby’s in London. She teaches at the Sotheby’s Institute in New York and Centro Universitario in Mexico, while also lecturing internationally. Fluent in four languages, Maria contributes to Il Giornale dell’Arte and The Art Newspaper. Her book, ¿Inversión o pasión?, explores art market dynamics. She is also involved in charitable arts initiatives and serves on the Circle Committee at the National Gallery of Art in Washington, D.C.