Though there is some optimism across for 2021, only 45 per cent of galleries globally expected sales to increase from this year. Photo: EPA-EFE Though there is some optimism across for 2021, only 45 per cent of galleries globally expected sales to increase from this year. Photo: EPA-EFE
Though there is some optimism across for 2021, only 45 per cent of galleries globally expected sales to increase from this year. Photo: EPA-EFE

Global art sales plunge as social distancing, Covid-19 infection fears keep buyers away from galleries, networking events

  • Sales of artworks contracted by over a third globally in the first half of 2020, says a report by UBS and Art Basel
  • In Hong Kong, an art trading hub in Asia, many galleries have been able to stay open as no stringent lockdowns have been imposed

Topic |   Coronavirus pandemic
Though there is some optimism across for 2021, only 45 per cent of galleries globally expected sales to increase from this year. Photo: EPA-EFE Though there is some optimism across for 2021, only 45 per cent of galleries globally expected sales to increase from this year. Photo: EPA-EFE
Though there is some optimism across for 2021, only 45 per cent of galleries globally expected sales to increase from this year. Photo: EPA-EFE
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