The rebound in global art sales to an estimated $59.6 billion in 2025, following two years of contraction, underpins the current market-implied odds favoring a return above $65 billion for 2026. Renewed high-end auction activity, driven by fresh single-owner collections and stronger bidder competition in late 2025, combined with dealer surveys showing 43% expecting improved performance, has lifted trader sentiment. While a K-shaped recovery favors blue-chip and lower-tier segments over the middle market, sustained momentum will hinge on 2026 auction calendars, supply of trophy works, and broader economic confidence among high-net-worth collectors.