BackArt Market Faces Biggest Test Since Iran War as $2 Billion in Sales Hit New York

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CNBC14.05.2026Business

Art Market Faces Biggest Test Since Iran War as $2 Billion in Sales Hit New York

art market New York auctions geopolitical impact

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New York auctions will offer nearly $2 billion in art, testing the market's resilience amid geopolitical tensions and economic uncertainty, with top works expected to drive sales despite concerns over Middle Eastern buyer participation.

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