Notes related to Hong Kong

The end of 2024 and the beginning of 2025 were marked by palpable euphoria in the art market, particularly in Miami during December’s fair week. The recent outcome of the U.S. elections and the return of Donald Trump to the presidency initially generated optimism among collectors and art professionals. It was expected that the new administration would boost liquidity in the U.S. market, with positive effects on the global art market.