In this Business & Finance article by Ana Franco, we analyze how the art market is going through a correction period after the peaks reached in early 2008. The fall in prices, visible both in high-value works and in more affordable pieces, reflects a profound change in the behavior of collectors and investors, who are now acting with greater caution and selectivity.
Elisa Hernando Calero , founder of the consulting firm Arte Global , explains that "the crisis is causing a price correction because speculators are leaving the market and many collectors are seeking liquidity." Hernando emphasizes that this adjustment will contribute to restoring the sector's value, reinforcing the real value of works of art and consolidating art as a stable asset with a long-term future.
