The Impact of COVID-19 on the Gallery Sector

Art Basel and UBS today published a 2020 mid-year survey ‘The Impact of COVID-19 on the Gallery Sector’ written by renowned cultural economist Dr. Clare McAndrew, Founder of Arts Economics. The survey findings present an analysis of how the COVID-19 pandemic has impacted the global Modern and contemporary gallery sector throughout the first six months of 2020.The report also presents the results of a survey of high net worth (HNW) collectors, a research collaboration between Arts Economics and UBS conducted in July 2020, across three major art markets – the US, UK, and Hong Kong SAR (China) – with a particular focus on how the COVID-19 crisis has changed their interactions with galleries in the art market. The full report is free to download on the Art Basel and UBS websites.

The survey is based on responses from 795 galleries operating in the Modern and contemporary art sectors, representing 60 different national markets across all levels of turnover.

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