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CONTENTSAcknowledgementsWe would like to thank thefollowing people:Copy:Louise YeowartDesign:Adam Nice & Martin Disley1FOREWORD2OVERVIEW3INTRODUCTION4PAY & BENEFITS5ADVICE6LOOKING AHEAD7ABOUT US8OUR SPONSORS 1FOREWORDA Letter from SMLA Letter from ArtTactic2OVERVIEWKey Findings3INTRODUCTIONMethodologyReport DemographicsArt World (Talent) Landscape4PAY & BENEFITSIntroductionTrendsArt AdvisoriesArt FairsArtist StudiosAuction HousesGalleriesCommunications AgenciesPrivate Wealth (Collections, Museums & Foundations)Shipping & LogisticsStart-Ups & TechnologyVariable Pay & Benefits5ADVICEAdvice to employersAdvice to employees6LOOKING AHEAD7ABOUT US8OUR SPONSORS FOREWORD1FOREWORD2OVERVIEW3INTRODUCTION4PAY & BENEFITS5ADVICE6LOOKING AHEAD7ABOUT US8OUR SPONSORS A LETTER FROM SMLWelcome to the second edition of our cross-sector talent report, now under anew title: theSML Art Market Talent Report. This year, we present an expanded, in-depth analysis of the evolving talent landscape within the commercial art market,developed in collaboration with leading research experts at ArtTactic. Beyondenhancing transparency in pay, this report aims to provide actionable insights forboth employers and employees supporting greater equity and success acrossthe sector.This edition comes at a time of significant challenges. Recent political shifts,including new leadership in both the United States and the United Kingdom,have created uncertainty, prompting businesses to delay long-term planning. Inthe UK, the Labour Government’s Employment Rights Bill has had unintendedconsequences, discouraging hiring rather than promoting job security.Economic downturns have led to widespread redundancies and reduced revenue.Financial pressures and shifting market dynamics have forced many organisationsto restructure, making talent retention and job satisfaction increasingly difficult.At the same time, Diversity, Equity, and Inclusion (DEI) initiatives are being scaledback by major international corporations, often unfairly positioned as a scapegoatfor broader challenges.However, while the art sector is not immune to geopolitical and economic turbulence,its resilience is well established. The global nature of the market continues togenerate opportunities for growth as businesses explore new markets, diversifyrevenue streams and refine operational models.Despite the strains of recent years stretching resources thin, cultivating a vibrantand inclusive art world remains more crucial than ever. Top professional talentmust be supported in entering the industry and empowered to sustain long-termcareers. This report reinforces SML’s commitment to providing valuable insightsand guidance to make this possible.Our collaboration with ArtTactic has enabled us to offer a more comprehensiveand nuanced perspective on the realities of the market and its workforce thanever before. We are grateful to all respondents who contributed to these effortsand shared their views. Without your contributions, this report could not exist. Withyour continued input, our long-term vision is to enhance our coverage with eachedition, broadening its geographical reach and building a robust dataset that willreveal more trends over time.One employee, in response to our outreach, described the damaging effect of “alack of processes, structures, and policies around employee satisfaction, retention,and acquisition…” This succinctly highlights what we are seeking to address.Beyond serving as an open reference for salaries in the art world, this reportaspires to help businesses attract and retain top talent by encouraging a moreinformed and proactive approach to hiring and career development. It serves as abenchmarking tool for those working in the commercial art sector, identifying bestpractices and working towards a fairer, more sustainable professional environment.We hope it proves to be as valuable as our last.Rosie AllanManaging Partner Rachel JohnstonManaging Partner03SML ART MARKET TALENT REPORT2025 ALL RIGHTS RESERVED. FOREWORD1FOREWORD2OVERVIEW3INTRODUCTION4PAY & BENEFITS5ADVICE6LOOKING AHEAD7ABOUT US8OUR SPONSORS A LETTER FROM ARTTACTICWe are delighted to have partnered with SML on this project,joining them in theirmission to deliver a comprehensive analysis of employment within the commercialart market. By generating concrete data and providing practical advice, we aim toempower those working in the industry – as well as those aspiring to enter it – withthe insights they need to navigate employment more effectively.At ArtTactic, our work is rooted in data, transparency, and education across theglobal art market. We are committed to impartiality, rigour, and depth in ourresearch, and these principles have guided our approach here. By applying our artmarket analysis expertise, we have ensured that the findings in this report meet thehighest possible standards, offering a clear and reliable reflection of the industry.SML, as the market-leading talent specialists, bring an unrivall