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What do luxury cosmetics and the art market have in common? More than you think.
In this solo episode, we explore how the lipstick effect — the idea that people still buy small luxuries during economic downturns — is showing up in the art world. With fewer $5M paintings selling and a rise in works under $50K, collectors are still spending… just differently.
We look at:
– What sold at Art Basel Hong Kong 2025
– The growing demand for prints and editions
– How artists can align their pricing with shifting collector behaviour
This episode offers a mindset shift for artists navigating visibility, pricing, and market access in today’s economy.
🎧 It’s not about selling less — it’s about selling smarter.
By The Practice PlaybookWhat do luxury cosmetics and the art market have in common? More than you think.
In this solo episode, we explore how the lipstick effect — the idea that people still buy small luxuries during economic downturns — is showing up in the art world. With fewer $5M paintings selling and a rise in works under $50K, collectors are still spending… just differently.
We look at:
– What sold at Art Basel Hong Kong 2025
– The growing demand for prints and editions
– How artists can align their pricing with shifting collector behaviour
This episode offers a mindset shift for artists navigating visibility, pricing, and market access in today’s economy.
🎧 It’s not about selling less — it’s about selling smarter.