Luxury Daily
The authority in luxury news.
Dec. 22, 2025
  1. Louis Vuitton introduces Visionary Journeys Seoul
  2. Savannah College of Art and Design debuts SCAD LUXE research center
  3. Kering to acquire jewelry manufacturer Raselli Franco Group
  4. Ennismore picks Bangkok site for first-in-region SLS Residences
  5. Exclusive Resorts purchases Inspirato for $59M
  6. Luxury Unfiltered: Why the best luxury experiences look exactly like the worst ones (on paper)
  7. Dolce & Gabbana debuts Devotion fragrance film
  8. Nordstrom ignites gifting spirit with ‘Oh, What Fun!’
  9. Luxury Unfiltered: The luxury market will lose the middle ground in 2026
  10. Sephora introduces new concept for SEPHORiA 2026
Comment
  • Email
  • Print
  • Reprints
  • ARTICLE TOOLS SPONSOR

Arts and entertainment

Strong spend in mainland China lifting global art market: UBS, Art Basel

November 3, 2023

While the overall luxury landscape is returning to pre-pandemic norms, art collectors’ spending is maintaining its peak. Image courtesy of Art Basel While the overall luxury landscape is returning to pre-pandemic norms, art collectors’ spending is maintaining its peak. Image courtesy of Art Basel

 

By Zach James

High-net-worth individuals (HNWIs) are continuing to spend on paintings, sculptures, antiques and all art in between, according to a new report by Art Basel and wealth management firm UBS Global.

To read the entire article, please subscribe or
 
LATEST HEADLINES
MOST POPULAR
  1. Louis Vuitton introduces Visionary Journeys Seoul
  2. Savannah College of Art and Design debuts SCAD LUXE research center
  3. Kering to acquire jewelry manufacturer Raselli Franco Group
  4. Ennismore picks Bangkok site for first-in-region SLS Residences
  5. Exclusive Resorts purchases Inspirato for $59M
  6. Luxury Unfiltered: Why the best luxury experiences look exactly like the worst ones (on paper)
  7. Dolce & Gabbana debuts Devotion fragrance film
  8. Nordstrom ignites gifting spirit with ‘Oh, What Fun!’
  9. Luxury Unfiltered: The luxury market will lose the middle ground in 2026
  10. Sephora introduces new concept for SEPHORiA 2026
VIDEOS
More Videos

MORE IN Arts and entertainment
Dior, Rizzoli to release book on Lady Art project
Ruinart reveals annual Carte Blanche creative collaboration
Legendary architect Frank Gehry dies at 96
Luxury automakers reveal new concepts, activations at Art Basel Miami
Presenting bespoke models, Bentley tributes ‘Dutch Masters’
Dior’s ‘Lady Art’ project turns 10



RECENT ARTICLES
Exclusive Resorts purchases Inspirato for $59M
Louis Vuitton introduces Visionary Journeys Seoul
Louis Vuitton introduces Visionary Journeys Seoul

Exclusive Resorts purchases Inspirato for $59M
Kering to acquire jewelry manufacturer Raselli Franco Group
Brunello Cucinelli casts holiday spell with ‘Cinema Meraviglia’