Art Basel in Miami Beach last year. The art fair plans to host a new event in Doha, Qatar, next year. Cristobal Herrera-Ulashkevich/EPA, via Shutterstock ...

During Art Basel Hong Kong, an upstart group is mounting a “minisize biennial” that encourages people to mingle, learn about art and — just maybe — buy some.

Cooling interest in contemporary works and slow high-end sales contributed to another “challenging year” for the art market, according to UBS and Art Basel’s annual report.

Global sales of art and antiques have fallen for a second consecutive year, declining by 12% in 2024 to an estimated $57.5 billion, according to the latest annual Art Market Report by Art Basel ...