Is the cost of living crisis affecting whether you buy or collect art?

As a small time seller of art I’m interested in how the rises in inflation and reduction in pay rises is affecting the Art economy. I’m sure decisions are being made that people either put off buying, or don’t buy art at all.

Art is everywhere, in designs of clothes, furniture, architecture, advertising, maps, car design, and even the Art in people’s walls. The Art economy is worth Billions to the economy as a whole, but I think it is under recognised. We like to be surrounded by visual and auditory stimulation, but do people even notice it’s there. Do you notice a painting on a restaurant wall? Or classical music played in a supermarket. I wonder how things will work out?