Retail
October 4, 2021
As collectors search for appealing investments, a new generation of young Chinese want luxury goods as alternative assets that also reflect individuality and status. Image credit: LVMH
By Glyn Atwal
Demand for collectibles — whether for fine art, jewelry, or fine wines — is healthy among China’s wealthy consumers. Remarkably, the Art Basel and UBS Global Art Market Report 2021 found that Greater China accounted for 21 percent of the $50.1 billion global art and antique market in 2020.
{"ct":"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","iv":"25cdc6b86d3776ff1a50086aca63a176","s":"e0e9ba8058b4b6a5"}
Share your thoughts. Click here