The global art market has experienced significant fluctuations over the past two years, with the effects of COVID-19 leading to a major digital transformation. To address the challenges and opportunities posed by these changes for young Caribbean artists and cultural professionals, the UNESCO programme Transcultura: Integrating Cuba, the Caribbean, and the European Union through Culture and Creativity, funded by the European Union, hosted an online debate on contemporary fine arts and visual arts on 18 January 2024. The event was organized in collaboration with the European Visual Artists (EVA) Association.
Participants, including artists, researchers and art managers from Cuba, Haiti, Jamaica, Belgium, Germany and Spain discussed the trends of the global art market. According to recent studies,[1] this creative industry totalled USD 67.8 billion in 2022, growing by 3% year-over-year and reaching its second-highest level to date. Beyond its economic value, they also acknowledged the important role of fine arts and visual arts within society.