Sotheby's Michael Klein on the Art Market during the Covid-19 Pandemic

In this week's edition of the ArtTactic Podcast, Michael Klein,
head of Sotheby's Mei Moses, joins us to discuss how the art market
is performing during the COVID-19 pandemic according to Sotheby's
Mei Moses index. First, Michael familiarizes us with the history
Mei Moses index and explains how it works. Then, he reveals that
while total auction sales are down significantly during the
pandemic, the art market is actually performing better than it did
last year. Michael also explains why the supply of art is down more
than demand for art and the ramifications of that in the short-term
and long-term. Finally, Michael tells us the truth about the trend
of new millennial art collectors.