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Arts and entertainment

Global art sales decline 4pc in 2023: UBS, Art Basel

March 22, 2024

Increased interest rates are a factor in the overall decline. Image credit: UBS Increased interest rates are a factor in the overall decline. Image credit: UBS

 

By Zach James

The Chinese art market is growing, at a time when other dominant consumer sects are stagnating or tumbling, according to new findings from Art Basel and wealth management firm UBS Global.

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