The Guarantee System: How Auction Houses De-Risk Major Sales
Auction house guarantees now cover 72.9% of evening sale lots by value. Learn how irrevocable bids work, who profits, and what they mean for art investors.
Deeply reported features from the Masterworks Research Team, published weekly.
Auction house guarantees now cover 72.9% of evening sale lots by value. Learn how irrevocable bids work, who profits, and what they mean for art investors.
Private dealer sales totaled $34.8B in 2025, dwarfing public auction revenue. Learn how private art sales work, why sellers prefer them, and what it means for investors.

Picasso sells more lots per year than any other artist. We look at the data behind his market depth, its liquidity, and how investors should read it.
A guide to who publishes open art market data and price indices in 2025-2026, what stays private, and why transparency matters for investors.
A living artist can always make more work, so supply stays elastic. Death fixes the count forever. That single shift reshapes price, liquidity, and risk.
How art, gold, real estate, and crypto perform as inflation hedges, with 2021-2025 data on returns, CPI correlation, and real purchasing power.
The $84 trillion Great Wealth Transfer is reshaping the art market. Here's what's moving, who's buying, and which categories gain.
US tariffs, EU import rules, and Brexit red tape are reshaping where art is bought, sold, and stored globally. What art investors need to know in 2026.

Kerry James Marshall put Black figures into Western history painting. Museums followed, and his auction record hit $21.1 million. Here is the market story.
War and sanctions have moved art capital for a century, toward neutral, rule-of-law hubs. The historical pattern, and what it means for investors in 2026.
Auction estimates come from comparable sales and specialist judgment, then get set as a marketing band. In H1 2025 only 10% of paintings sold within range.
Asian buyers now drive up to 26% of Christie's global auction turnover, reshaping prices for Picasso, Monet, and Basquiat. What investors need to know.