> 2022 is also when the wars in Ukraine and Gaza started in earnest

This is just wrong for Gaza; either you take the "conflict has been running continuously since 1948" approach, or you date the present intense fighting to October 2023.

> AI has now sent a supply shock to the whole art industry

Not to the "fine art" part of it, no. It's taken out the lower and middle tiers; people doing commissions for a few hundred dollars are squeezed out, and there's much more slop to sell to tourists, but any business which cares about uniqueness and provenance (sometimes more than the content of the art!) is not going to notice.

The conflict started long before 1948. Hint: creation of the State of Israel is an effect of the conflict, not its cause.