Whether you are an enthusiast of Jackson Pollock’s abstract expressionism or prefer the more traditional paintings of the Impressionists, there is no doubt that art can not only add color to your life but also be a smart and profitable investment – and one that is growing in popularity. According to the 2023 Global Art Market Report from Art Basel and UBS, the global art market reached $67.8 billion in aggregate sales in 2022, up 3% from 2021. The survey also found that the U.S. continues to be the largest national market in the art trade. Last year, the U.S. held 45% of the total value share and saw a sales increase of 8% over 2021, bringing total U.S. sales to $30.2 billion.
To provide insight and guidance on the latest trends and opportunities in the world of art collecting, we are thrilled to welcome two globally recognized leaders in the art market: Allan Schwartzman and Philip Hoffman. Their respective companies, Schwartzman& and The Fine Art Group, have been providing guidance to influential and sophisticated collectors around the world for decades. In this session, Hoffman and Schwartzman, whose companies announced their affiliation in 2022, share their individual insights into everything from advice on first acquisitions and collection curation to art investment funds, philanthropy, and art financing.
