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The Art Market During Economic Downturns and How 2020 Was Different

The art industry has been transformed by the events of 2020. And while some of the changes adopted by the sectors are likely to be fleeting, others may alter the industry’s composition for years to come.

In collaboration with Artnet, Morgan Stanley’s Art Resources Team (“ART”) will demonstrate how the art market changed over the past year. First, we’ll explain the impact the lockdown had on the auction market and how last year’s results differed from those recorded during other economic downturns over the last 15 years, using data from the Artnet Price Database and Artnet Analytics.

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