Maybe the bottom is falling out of the Collectables Market?

What was meant to be a swift, lucrative sale of a rare antique instead turned into a cautionary tale about the often-overlooked risks of so-called alternative investments. Grande tête mince, a bronze sculpture by Alberto Giacometti, had been tipped to fetch around $70 million, but the auction fell short when bidding stalled at $64.25 million (Vishesh Raisinghani, 'Failed Sotheby’s auction of $70M bust leaves art insiders speechless — are collectibles no longer covetable?', Yahoo finance May 31, 2025 ). It is estimated that on average, ultrawealthy families across the world have allocated roughly 13.4% of their assets to artwork and collectibles, according to Deloitte. However, the market is notoriously opaque and illiquid, which means many of these collectible items might not be worth as much as their owners believe.