Struggling Brooklyn Museum to Auction Its Treasures

Museums have faced financial difficulties since the pandemic began, leading to job cuts and regulatory changes that allow them to use funds from art sales for operational costs. This has resulted in a surge of art sales, with high demand and prices driven by factors like inflation hedging and real estate trends. The art market has also seen a shift towards online auctions, which have become more efficient and popular during the pandemic.

What factors have led museums to consider selling their art inventory?

What impact has the pandemic had on museum employment and operations?

How have the regulations regarding the sale of art by museums changed recently?

What trends are influencing the demand for art in the current market?

In what ways are online auctions changing the art market?