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May Day

Tensions are building in the art market over tariffs and other uncertainties, right in time for the May auction sales. Will they set off a flight to quality—or a retreat from unnecessary expense?

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Roy Lichtenstein
With a major retrospective next year at the Whitney and the expected turn toward works by artists with historical pedigrees, Roy Lichtenstein's lots will be an interesting market gauge. Photo: Courtesy of Sotheby's/Estate of Roy Lichtenstein
Marion Maneker
April 30, 2025

I don’t have to tell you that the art market has been in a torpor for more than two years. Tension is building within the industry, especially as Trump’s tariff tirades have spooked just about everyone into inaction. Will art be viewed as a safe haven, or an unnecessary expense? We just don’t know.

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