Art Market Growth Drives Insurance Discussions for High-Value Art
What happened
The latest Art Basel and UBS Art Market Report showed that global art-market sales returned to growth in 2025, rising 4% to $59.6 billion. The recovery was strongest at the top end, with auction sales of works priced above $10 million jumping 30% globally. This market strength has prompted discussions about insurance coverage limits for institutions holding fine art.
Why it matters
The increasing value of fine art, particularly in the US market where sales above $10 million increased nearly 40%, creates an insurance challenge. Current policies may value damaged works at market price, but institutions may lack sufficient insurance limits to cover major losses, a point raised by Aon plc personnel.
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Aon plcSpeculative
Aon plc could face pressure on underwriting as high-value art market growth increases concentration risk and requires higher insurance limits.