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.
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","iv":"1676f7fdf22694aa6a6aeef0a11cfe2f","s":"8fb617c34448fdda"}
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