Log in and subscribe to receive Art Basel Stories directly in your inbox.
The impact of COVID-19 on the art market
An expert panel hosted by Art Basel and UBS discusses what past crises can teach us about the future
The COVID-19 crisis has had an unprecedented impact on the art market, shuttering galleries and museums. Exhibitions, art fairs, and auctions have either been postponed or have moved online. What will the mid- and long-term consequences of the crisis be for the art market? What lessons can we learn from the past, and what innovations might tomorrow's art market bring? On Tuesday, 19 May, 2020, Art Basel and UBS hosted an expert panel to address the key questions facing today's art market.
Panelists:
Paul Donovan, Global Wealth Management Chief Economist, UBS
Noah Horowitz, Director Americas, Art Basel
Dr. Clare McAndrew, Founder, Arts Economics
Moderator:
Melanie Gerlis, Art Market Columnist, Financial Times
The full, detailed findings of The Art Market 2020 – the only annual, comprehensive analysis of an industry valued at $64.1 billion, authored by cultural economist Dr. Clare McAndrew and published by Art Basel and UBS – can be viewed here.