Stamp Market Indicator?

From Bloomberg this morning:

The business of buying and selling art isn't doing great. It had a brutal 2024 (after a similar battering in 2023), with global sales declining 12% by value, according to a report by Art Basel and UBS.

The top of the auction market was particularly bad, with only three sales of individual works clearing the $50 million mark.
Collectors have bridled at what they perceive to be inflated prices, and buyers have turned away from many "hot" artists who just a few years ago had seemed inviolable.
The market is "extremely confidence driven," said the CEO of Art Base. And that's something that doesn't bode well for this year given what's happening on Wall Street.

We had a recent thread on this same general theme. Do we need to go down this rabbit hole again?

No. Not to mention that the art market is about as connected to the stamp market as the moon is to cheese.

Agree with Rog - really very little connection between the two. The art market's problems go back a long ways.

I agree with Rodgcam as well.

I see a theme here. I am locking the thread.