Works by Pia Krajewski in the group exhibition ?Lost and Found in Paradis?, Paris, 2019
The pandemic has changed the art market forever. A new model of purchasing and enjoying art is amazing, and a new generation of collectors with different passions is coming to the fore, as our contributing editor and columnist Sophie Neuendorf outlines
Sophie Neuendorf
2021 is proving a year of profound shifts within the art market. Covid-19 restrictions and socio-political changes have empowered some markets, such as in Germany, and caused the decline of others, such as in the UK (see bar chart below). The most notable, even sustainable, of several changes are a shift to online transactions, a rise in new collectors and markets, and the rapid development of alternative art-related assets. Looking back, it took a pandemic to propel the art world forward 10 years within 12 months. Follow LUX on Instagram: luxthemagazine
With the steady roll-out of vaccines and a slow return to ?normal life?, many industry insiders and commentators are debating whether or not the art industry will return to its pre-pandemic existence, especially with regard to its former habit of jetting around the globe to see the latest fairs and exhibitions. But is that what collectors still want, and does it reflect the zeitgeist" The answer is yes and no, with recent developments pointing towards a hybrid model of transacting online and enjoying in person.

Recent data suggests that more and more collectors are ...