Don’t Call It a Comeback…

Gerhard Richter
Gerhard Richter’s blurry tulips from 1995 exceeded its estimate by 60 percent, selling for a little more than $8 million. Photo: Alishia Abodunde/Getty Images
Marion Maneker
November 5, 2025

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It’s too soon to declare with any numerical certainty that the art market has regained its mojo, but the results from October’s auctions in London and Paris are surprisingly strong given the pessimism we’ve become accustomed to. In fact, the numbers we do have from those recent sales, via ARTDAI, reveal an unusually high general level of interest in buying art. According to Pi-eX, almost £383 million was spent—just under the peak of nearly £400 million that the combined London and Paris sales reached in 2017. Given the prevailing narrative for the European market—and the art market as a whole, for that matter—this result gave me no small amount of surprise and some satisfaction.

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