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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.

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