ByJessica Militare,
Forbes Staff.
The fine art market is cooling, as the wealthy adjust their approach to collectibles.
Art sales at auction have declined for three consecutive years. This downturn is reflected in the Forbes Research 2025 High Net Worth Survey, which found that the percentage of high-net-worth individuals (HNWIs) who are spending on collectibles, including art, has fallen from 63% in 2024 to 56% this year. The survey polled 250 global HNWIs with more than $2 million in investable assets between April and May.
Yet, amid the art world’s shifts, the wealthy are still finding value in the broader collectibles category, and auction houses are expanding their offerings.
