Market data

Fine art · category context

Fine art, in context.

The lead figures on this page cover the completed 2025 market year. They distinguish a published auction-price index from market sales activity, because the two are not interchangeable.

Latest completed year · 2025

The current market record.

One figure is a specific public-auction price index; the other two describe market turnover. Reading both adds useful context, but neither can value a particular work or forecast a future sale.

Index scope

Artprice100© focuses on selected liquid, top-selling artists at public auction and excludes Prints & Multiples. It is not a whole-market index.

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Sales are not prices

The Art Basel & UBS sales changes record the value of transactions. More or fewer works changing hands can affect turnover without producing the same movement in a price index.

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Individual works

Provenance, condition, attribution, sale venue, costs and liquidity remain decisive for an individual work. None of these measures determines them.

A buyer’s framework

Before the artwork, ask better questions.

The case for a work cannot be reduced to a generic allocation percentage. The decision begins with the buyer, then the object, then the evidence around the transaction.

Buyer check01

Define its role

Start with purpose, time horizon and the amount you can leave tied up. Fine art should not be treated as a substitute for cash reserves or a guaranteed diversifier.

Buyer check02

Trace the work

Ask for provenance, ownership history, invoices and any relevant import or export record. Gaps should be explained before money changes hands.

Buyer check03

Examine the object

Condition, attribution, medium, dimensions and restoration history can materially change how two apparently similar works are assessed.

Buyer check04

Price the ownership

Look beyond the hammer or gallery price to buyer fees, tax, transport, insurance, storage, framing, conservation and eventual selling costs.

Buyer check05

Challenge the comparison

Artist indices and auction comparables describe selected transactions. They do not make every work by the same artist equivalent or readily saleable.

Buyer check06

Plan the route out

Consider likely venue, timing, commissions, buyer depth and the possibility of an unsold lot. A future sale is a process, not an instant quotation.

Allocation

No universal percentage.

Whether fine art has a place at all—and at what scale—depends on liquidity needs, existing concentration, capacity to hold, ownership costs and willingness to accept uncertain timing at exit. Maltaro does not present a standard allocation or personal recommendation.

Purpose before percentageAll-in cost before headline priceExit before entry

Buyer-check framework informed by the Responsible Art Market due-diligence toolkit and Goldman Sachs acquisition considerations. General information only; neither source advocates a standard fine-art allocation.

Erik Hudson profile portraitArtist profile ↗

Artist profile

Erik Hudson.

Erik Hudson (b. 1983, England) has been making work for twenty-five years, exhibiting widely along the way — raw, physical paintings on canvas, wood, cement and metal. The surfaces look weathered and worked over: spray paint, ink and marker built up until they read like walls that have been through something. Behind the work runs a long influence: Carlos Castaneda, whose books on his apprenticeship to the Yaqui shaman Don Juan opened a generation to another way of seeing, and whose presence is still felt in every piece.

Portrait and profile copy provide artist context only. The works below are not constituents of the market measures on this page, and Maltaro makes no price claim, valuation, recommendation, or endorsement claim about them.

Keep the record visible

Historical context is not a forecast.

The 2025 price-index and market-sales observations above are historical measures only. They do not relate to the value of an individual artwork and should not be treated as a recommendation to buy or sell.

Sources: Artprice100©, 2025 annual result; and Art Basel & UBS Global Art Market Report 2026. Retrieved 4 September 2026.