{"id":12686,"date":"2025-07-15T22:26:04","date_gmt":"2025-07-15T22:26:04","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/12686\/"},"modified":"2025-07-15T22:26:04","modified_gmt":"2025-07-15T22:26:04","slug":"french-art-galleries-struggle-amid-wavering-art-market-survey-reveals","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/12686\/","title":{"rendered":"French Art Galleries Struggle Amid Wavering Art Market, Survey Reveals"},"content":{"rendered":"

\n\tFrench art<\/a> galleries are reportedly financially struggling and skeptical amid a wavering art market<\/a>.<\/p>\n

\n\tA survey<\/a> by market researcher Iddem, conducted among the Professional Committee of Art Galleries (CPGA), found that 85 percent of the French gallery association\u2019s 324 members were pessimistic about the economic well-being of the art sector this year. This follows a six percent drop in turnover among French galleries<\/a> in 2024, with the global art market falling by a total of 12 percent per the UBS Art Basel 2025 report<\/a>.<\/p>\n

\n\t\u201cThe market is back to the level of 2010, with a decade of growth lost,\u201d\u00a0Philippe Charpentier, a gallery owner and the new president of the CPGA, told Le Monde<\/a>, with one fifth of French dealers also reporting a more than 20 percent drop in sales.<\/p>\n

\t\tRelated Articles<\/p>\n

\t\t\t\t\t\t\"Visitors<\/p>\n

\n\tFrance also lacks the young returning collector base of other countries like those in the Asian markets.<\/p>\n

\n\t\u201cWe\u2019re having trouble attracting young people, whereas in other countries, like China, buyers are on average in their thirties,\u201d Magda Danysz, vice president of the CPGA, told Le Monde. \u201cPriorities have changed in France too; it\u2019s the experience more than the object.\u201d<\/p>\n

\n\t(The Asian art market, for its part, has been steady<\/a>, if unspectacular, based on activity at Art Basel Hong Kong and at the auction houses this year.)<\/p>\n

\n\tThe relentless pace of the art fair calendar, combined with the overall sluggish art market, has taken its toll on galleries across the globe, with a number of midsize galleries like Blum and Venus Over Manhattan closing up shop. Both noted the strain of following more traditional models, with Tim Blum of the eponymous gallery saying of his departure<\/a>, \u201cThis is about the system.\u201d<\/p>\n

\n\tCiting an endless cycle of fairs, openings, obligations, and expectations\u00a0that have reportedly grown more demanding year over year, Blum added, \u201cIt\u2019s not working. And it hasn\u2019t been working,\u201d seeking instead \u201ca more flexible model\u201d.<\/p>\n

\n\tFor his part, Adam Lindemann of Venus Over Manhattan previously said to ARTnews in an interview<\/a>, \u201cDo you want to know the truth about fair committees? They gleefully ask you to get down on your hands and knees, wag your tail, and beg for forgiveness.\u201d<\/p>\n

\n\tWhile Art Basel\u2019s expansion to Paris three years ago has brought attention to the French city, local galleries reported that they\u2019ve seen a boost. Approximately 12 percent of French galleries reported major difficulties over the last 18 months, according to the survey, with several outstanding bankruptcy filings and expected closures.<\/p>\n

\n\t\u201cNo new player, opened after 2015, has been able to change scale, internationalize, or enter the fair system\u00a0,\u201d Charpentier of CPGA said. \u201cThis risks, in the long term, atrophying the market, drying up diversity, and compromising our ability to propel our artists onto the international scene.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"French art galleries are reportedly financially struggling and skeptical amid a wavering art market. A survey by market…\n","protected":false},"author":2,"featured_media":12687,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[6185,228,226,227,229,88,12410,12411],"class_list":["post-12686","post","type-post","status-publish","format-standard","has-post-thumbnail","category-arts-and-design","tag-art-market","tag-arts","tag-arts-and-design","tag-artsanddesign","tag-design","tag-entertainment","tag-french-art","tag-french-galleries"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/12686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=12686"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/12686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/12687"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=12686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=12686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=12686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}