Art market.

It splits in 2: a physical trophy tier above $10 million and a digital market below it. The trophy tier above $10 million stays human, exclusive and physical. Everything below it gets devoured by tokenization, fractional ownership and AR rendering. Auction houses survive only as luxury brands, not as the market's engine. On a $59.6 billion global art market in 2025, digital trading overtakes the auction houses in volume by 2030.

Not as a retail investor, and I say so next to the forecast. Retail loses the fractional fee war: most fractional buyers go net-negative after platform fees and the collectibles tax. Own the trend, read the fee table first.

A painting becomes digital shares. A Basquiat splits into pieces anyone can own, and those shares trade online 24 hours a day, no auction room, no hammer, no waiting for the spring sale. I forecast tokenized and fractional platforms hold $10 billion worth of art by 2028, and the middle market is buried by 2035.

AR becomes the default way to display tokenized art below $1 million. You buy the shares, you hang the piece in your space through the lens. The trophy tier above $10 million stays on physical walls; everything below it lives in glasses.