Art Market Trends Report: Artists Will Need To Diversify Their Income Sources

These changes are symptomatic of several wider cultural shifts that, in combination with rising costs and declining public funding, are ‘squeezing’ the low-to-mid end of the market: the rise of a global elite, art fairs, ‘mega-galleries’ and the commodification of art as the sector became more closely intertwined with fashion, celebrity culture and advertising. – Arts Professional