Market report

What we’re hearing from galleries and auction houses across the country

Rehs Galleries interior view.

Lance Rehs
Vice President and Director Rehs Galleries

Broadly speaking, this year has brought a period of recalibration to the market. While buying activity has tempered slightly, what we’re really seeing is a more discerning and intentional collector base. People are thinking carefully about what they acquire and how those pieces fit into their long-term collections. That said, we’re also seeing the art world evolve, with new buyers gravitating toward contemporary and modern works, while more seasoned collectors are showing renewed appreciation for traditional and historically grounded markets. This shift reflects a broader trend toward stability, quality and heritage, where provenance and craftsmanship carry significant weight.

The late-19th- and early 20th-century market in particular, remains a vibrant space for collectors who value timelessness and artistic mastery. Interest in mid-level impressionist paintings has held steady, and there’s even been a refreshing uptick in demand for select academic artists—especially pieces in exceptional condition. One name that stands out is Louis Aston Knight, whose charming cottage scenes have sparked a noticeable rise in inquiries. He’s definitely an artist to watch!

Ultimately, while tastes and trends continue to evolve, one thing remains constant: the importance of quality. As we always emphasize, it’s crucial to consider not just who the artist is, but the caliber and condition of the work itself. Collecting with discernment, patience, and an eye for excellence is what allows a collection to grow in both value and significance over time. —

Rehs Galleries
20 W. 55th Street, 5th Floor, New York, NY 10019 www.rehs.com