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":"frz5v0MnpVmNqlFb+kiTMK\/DD3+nbKhbPQA3YW0vc2BkrXJ509FHRs411+tvC45sLPMQiHr3sJXAbSPU1lvl73LUgSngZ2o7RNsKwZFmIvbOyRPke\/QCjpKKdyvGtGp3aANNmes3Ixv84it1Z5Oc4HClhGa+qfzL7zunCN3RwxXeVV\/GVwDviKRdD\/e4Sn3OkvGT3pkOH3XlZUaYqA2FGtwTOZc+8qq6Y2RkyVwxgrtHipc8jBeq4aXDcXIPzfO7rKTenaWgOyrv3lDVGCtJ1MK8rjs75rpl0lyT3yqwKpsmFbYk6NSEsQ8X5JRrRN7WXpAOaltRsywrJcG0u4o8mY1bjTxO+dV\/vyI8886GqP0uov1wr03RHjM\/g2c41rD8PWfyO9dj8R8XAxsoSXCzd+oT868H5JIxVENMWQHBtM8sLs+VcEo7CJHZ4zjfN6lDi\/xQwXEjOfiRKpKgFl1KCN7Nmrd7IEJz4o0cqZQt82mnrryYGaU5T2b4eM7zzhShtTaIg6B3aFCWHwC4VTGIKeT3Uvy4TIpB8XxPU5Mq2QuLsMwslaI2Lte\/bilwMpVgi4G5A2cE3eqqbP+Rb2s1f+mhFC\/cMJTTY0ne7RV5RFy7RyduF9\/1HckLmfRS1sXBSOhPkfWd0JOaJgLLuRlykZB93MiiQVtCdTOMkd7IAJdmas9BAMfhT5LaVpbIQVAa2XvmurpqC9uJ7h\/6OcxI55YfzjBpZdt\/ijrnwHMCmzKf7m40ZYktbOeKtFi8QSRTeFFgT0QraTtWSdfCkRMVv6rw+yNCmxYHRomxdZJ9UOr0LvbzR4XVrtHgTBGpUY7ViXwUwUQpiMfPo+TuWYc3xJ8WApramljVemGiZMCaLoE6JAnkIiWAv28KS4guf6VYHXWcZv4UJo\/Ct271ocm1hIgP+KEV69IImeJ9ymvaf6fKvqOwLJEoWdWMMxQWAv1zsce\/sAqByHe1a0hobQqbyBD0UGygMBrrLjut5HjgriwQufoRJNqjpfuZuknc1LZNF9QDmHietmqJ1SduvbT7KRUJnEAiUwsLSBkRdtDhEZ5+S2eRXB0hVPw3k28CBnV8yT+6fZ1srHkD6iEiL7Luce5+UYYHkaWnYPwb6X78Ub3jDeL0f4eUfmuRAuiPbyXk18uapfC79WJ9tjRV814TYG5kugLr05LXD7PZb99trgWIIpFg8fiZ6+pSSuD+b5poonqdFg3QEmYqejALoPc6dKu45obYc4mwiLLtemFxIXa0tZKlmmGeRNOfzYk\/Ti5ehundqwz+q2gcUXO1TThyXN8OaxS+j\/QE6jQKpwTRQNUAhvQviCSZWp0TUfmZfOksgssetju0hU7DwqMo3ZtoSlIX\/U97poIMVgd7HBa3jpDO5aCi8FjX7HWM8NkkDN7jmuo+IWXJWIIlyD3mqYV8FYzlaT5ARlzT+FZrJw+TEKtRcQ9lxEfog\/4RcCUxmDnB5gF6UtHe4y\/YdF9PB6ZGLQ4tpJARCzGY2rpIpWb7\/to9NhE57QJbrljdQQ8f0Z0kba4QhKd1Q3OE+sUAN0d55p9nfO9oD20kthk95vU0CecZ0VwjHYjaXKAybBLNZzIKC7pXyQORUfsIFaM8dRRKw+UxclSnVQWVNvnCJcYDo\/N2mGTTXmQVcYt56ERfNxjRxIDf+xkad5SWaL2Cbtx8nhCQb9SQk0qUf48eUJxJKbiNWLgs3NgqTpJL97Wumka4lHwev3BAgWaJ5Ka7PkMes3ZolchnqMgu3TtZtBUAjOConBP\/AaNKxVISD+mxyeLM7+ZUZ4PFcgKUn9+Im4gZkdpjsFSNlBM0ewebDn1WIwQ0b44EO\/IzBEvLM17oCnC\/HOd5iqMc2HyhWzZG2zYJWjOF\/xDKqNl\/9ZJM0rhKZXOkBGA\/WrwlRjrkngxzE3bJQX1GRIXGJ\/FO0\/0aveQ46FaohAaJeg+PzDlRrgPd\/Nulikh1Y53f\/6MPgyjWIDUNFsYOwWwdWR\/Z9fwVpq+LfHrpM+qD1WnUCCtBayi+Q8wFn2oQpzLhI2LIgp+\/+x6AEqMB544m36DVdr76cyCBrmB8ejWVua98dnJbeHaI7hsOfa8ktS8Sw3vdYdAim7ScxdljAM+SQu8h\/cv\/plu4W+um8sVLjCSJej1EQ9wPIML9kZlM5Ofgx04zGjNL\/qhOTYN44m0TCaB+bZHn35zhNEBWIY1YCoZQFD8hIkijpy6tJ1TtrAs6wDT6BSrCzfEPFM1RBTnbCXB4+HYiAxMFFPfwl6Y\/ksmyN8KWl\/gkMMup5F32Mu05BdMBp1cSQAqSZjEGqRRMzlTQVX4cjKiJoz5YT72kquzzvl5K+2JdySKDmq2AqpMLgk2ZyTtJBGuoKBMAiWCKTWFlCQ5Jq6MqhP\/iNFKwGzcCL0crn2v\/g6o4oRt1MvjRXfiZmvfRUQkyutxN\/efcdqyNfMJsMF0\/+QUsPd5c8LOvypMBRBqtRSpBtAXmxh69WdxkhENdhY7H22PIgRAAaT1\/PEhkgxdwHk3TDxGTERjf0SGILpRhVZWu1oN1FePzZ+pUmW3WtHt\/Y7mqbTBqsuihPrgUlSQPEPEz6SZIGS7f6by45qUnn89SNXynCW3gkVUGS7ZvYmXWsbhdx\/evnresywK5SZI6xO5qkYg7CEmFJLrZevpRpyDkiOuDeSXLSIXysZg9iGbanoV\/CtDbsU5Yk1X8Q4nXtdNCK6PeEh0LGyXTVV01KXETqIOxYlqchfFlJbuhy5CFFzyTSFMBjfKKzMzaypeCqxOMoc0NlDKmweqNuYoDLdI9Ckzc5Je74iQEsoKuDGcyX6VW4SYGdp9L\/CnaL+wOHZjDZeQmzxNkHZBPjd+0UH5Sy4DMseL8by\/JXlQxQJSEh6lLZreBxYPshoLL7Q9veD9bU5x0O\/ovI+QMwDniLHPxRN6qrj5J2ckDQ+2lFzDSqxGMOTB9zDFS19KDfrG2bfJNXxmxOEv4Nswi1ayPPfDP+dY+B6hQdQPyiLmvhkePQjl3E8OBHawbTib5rwRhM5ASwwoX+4KvDWfAB\/wyAbH5wfI+mPMtH\/H2zx160TPw9Uaki821IhSoD8WkHQrgDb58vTx0Wsf8TSJf+3CSuF41ZOQ7c66zxosITwT3ZtgMEUr0q0SdkBfzFqgVOnM+mmFGHlLdioVQ4+62toiWhosnRqDSRBA5cG8BEHzFImgktJ1tgDhH4y7shbarLJSpoJcx+9DEw3wKASRs3dviSX5ksOvqrO5u1fYcT0X45w0tmHLxrL5vLeOFa2gjaKcm9X+\/nqQb9N+OUyq+HVZ5dPyFmBUG2arZRpGlnMkPMjZLNwwQrzyNZpRIO469jMSZJQckBi+NwYApMp7eqcrxst3L4kKUb+2CYX4YZHKIKKnX7rrfWcq5ipQUPiw1cZu95mRnh7hZYE3499iHEGY9sLb3aeHhu3jU\/CbFlLbEpr3fjd1+DpUgd6+2BxBwSMZv4eA5S832C2BWHPMXQtqSSN2qNDQ0sIhVBMebWlr918tzolSTiFQgt0wtXae3yPSPp6GVPQcCOPKHX9ssrEFLJ\/sAH\/Z9MeHyozHqNMJD6g2b5ykPRPiYWZQm43Na6Rnrn3a0a56oe2jFpB9qNZkngopWmTky+YxYsBZ91VrWOqD6IY7mPQKRpuyjF6df0rP9d9RNU5S0HDmrHssF2EgQ6NMMF9\/fkexA1YEai4C+gCKM1sqMJqruUaxeei7OcVXHeb0AlZFnaTfIyzJWDZsCxmxSKWxAgfsuzd+3WJAi9W1sAqMZ\/rgvC1uS+P0JK0h+AvrLQAhPNbiGKU6LptdXgX22Lpa\/tuCiKLmUMtjj7Rt+jVzjPhByDLlTuSmBJz0eUj6KsNHOhebyq9U\/BXWacOZNZzbXG1iDUWQKlNM6B4spzUeL343sUTnN+L\/6+EuAUM5j1ZA5lASTVBbYyVtUlzpqsXPA\/6EnVVSf53SVTpQkIghhxcSaDyLbG3DUeJq3rApDzrQ993W\/pm0QFxCGs+qAbGcOAcD9g8NNDPClhy6AvZp9PEc8D4Ko3WayrlsDlLGYuHJawhaxbB5vhdCqByx1A4TyHXkdKyiUGeNkHgBSEBnwSPVtAuZV9pezjc6jamxdY7Dev\/qVwlzjCi6WEgz+yPxkXpMOf8ZcZo3CetAiPDXzAq8Rq6WuZGI0U4JdoWDFuCi5xFoQVMZRQSh14fmfTV1JMd0IVuX4zhAvrAyMMtEwJ2OQ+3qKvOiNBpQ1NbP7zy0e\/JZQZML+A8D6wSeIBKBU7XP4VsD1pd1k2dKSIp+BRYglAaNklIeIgqkssDKG4WiTJTKKT28tB4mOSBTUUcrJMEq7CPZLSS66RnnwVHvkEqKrC4NlpYvnXUi7fA1s9OphHeMRPlk4wDbiBeE21LVLQ49SegXuIIhrSUCR6RseWDGje2K4bN18w+RzBx\/lSDZi\/qnj4zo\/hK\/C32c\/6+tUlKzOSf36uvCJKjgtSBqHtKtDiQ99oW3lN4CebyRpQ7hoRTZjDo242AHXymVdeITFgmdIgUX1qemdu+Pl04+bQIYm8Mu+MDMIXr6sD3Kxwf2garE0gAUDQhF9nljlxTGvJhlHB+X8cWWnMKl9wlY7sr3AveKEqlQ4qnerdiillRMgraFSEMmHPMku5GgE5lifIebP9Jh+TYVtAHycHL8iEo1avbe1TJOTGwMszEkpGAcdxlidI34RuXrQ\/Kp5ZgCOznmbiI3aOTDNfrTux9nT4twqr9lxdKoxyBYl8ngf\/qHGS4X9A8RftHAP\/fMj\/undwvwOnuPLkIu0n2FcFJD+iZuMJ9ijOHk7IuFeLx1Otc2tDKeqiQqza0h\/JXz14kuAY9gAea93MUaginlJZbsHq00\/5A9TWv3wXE18a\/r0R4g7lS8glZI\/WxoxB0cj2kHjWeOpYNwWDWN+7KGNKoAGO6HTfCBTfhS9tmOQhPqePETdjOaf+2WCp7IHazppO5OacOVWB0JBn8QMFylX8W8EjCdw11vGgJX3JHhXJbV4RUuUZnYlUSVfSWcueTBn57MSk91hAWiNC2r9+WfYXMbTOkgBWOgZd2q8C1cxorTIlVi9pz9i8I++GxIbrapECpZ4MWjrTjrYQush1DONmjWFPnPW12o8cC9cvZ+Z8sdb4+MwFxgSWlZ3xgeMB3Y8MU8Q8c6Pg2con\/OTuMMePDdRk2dw64U4lLhvYwDzozw2OPlkUdDsCN0v0e3AHPKoftp+6SaOz39L6kJzYqFEgT4U6A0OfZbZfe3caKm9pVeBQ9hmJnw+gdTCbKYC7OSMQYa5HtxWNCRnetWnA64uD6c2bKX+c7Y+uk4GPU\/4jZQhdTN\/PQ2LqEYkKCLugjW5GIJqoNZubsIat5spshhPzyfXFdRu4p+Q8MWQ6Ur1tlZ0SaY7tpHTAMjzvVEjA14S4mRQnnbNBf8Jt6Tk6K7dRPoJc7mUu4juGFai6VBPrFsatkIdwlrdJPmcqoAYkOxgtrzOeqPfaz6R7Ez5+VJKMEzAQ1GMQNpStw4gJq3nvprfRtqpqPRlj654AuHBlmYRgNFvTZqTqops1Rx+SApWJ+g3KsP3RT09oJkpSSbQT8cXpX5VoYOjgKKA9H0lytOrmT2esCryjmKFS0WYjQ3NC3G3a5BjkH59iJSchguGgq2aEhWGMY8I4pV3BAD5y+jdnQ4t44GwnOkcf4GFbRQdlt2QZZ7nsZMyG9nAkcInBwuJ7ds6JO4Gp1njTNL5TlGsaekcVUYDnfIuWazTKAmNtfcrI79xYKhRFbHzvW36TPfBDkMO+EHrjfM3zrO+AEM14LjQjBmL43DVRHeZyC\/QcDekuErQS7303vHqz\/uz30lLbJhdtY3rrGHLh5QY1Qk7GDSAy34Kc7zuR9BeRiJUDyYu3oGFL3iMkC9yHEpAtIyyrqrqzx65dcUdnaM0IcfLyOcvh+OzwBCkTTOqAi1C8e0uvZ3aJdceyKKLug\/CF8oBBSG5nHcXxWiYrRGcwsqIEoAG56qjh4xfbP\/kah2EELn+CjW9qY\/AblZf3Isk1CbCrXIO8MNGJhIo9KBxJ4AVVQkSLg81RjCPzSljw1rDquWYKz8Gwiu2uMGE7NgoHKVT4qWaz4cgxlHVWS6ry43+vkhr88wx3S+YPTJlzi2hADZcW2QM8u2yKY\/sO8gVcvvLdK9ZMDCK6GBX9RuxOYyjh9pnMTiEjQKoOt5SATSGxmnEFfidhV+diQSsv8cHGy3K8WmHd88HHppsIa2krukeJcrl2MHMq37\/ZDgCL6QRXMD4xrD4F3k4HPUxoeoYNh8D+O\/\/MOPI0EUevlBlEEbfBAX5No+ndPxSufRy+rUpCd5ZBdsx0jcWqeD5ZkBjYeme7w06NIbd2kInH24Olu8sRMLkgVuLtWP4Tge98w8rR08VuECWKgqraSshm6uHkjd8tvo0w8Ql5+6esje1gctwYwmOz1bT4MUn41bcIvlswTdOFM3iuUV0fFqQlLfnamSO9Mf1dHDbKEM4mPa5CQJ2JZkEY4p7VXMpQEantS\/j1YoTNo5nE7GLQlA0sIGMPL4ldeLe1tVtMbV4eVyrI7ru+kRKq9KLsl5ZF3X41WEKr\/AN1JH7SmayXPUm+nLqU9cP0L103xnMnGgTtJaLwsxikqejcKVtVmcWHOefhqjAO3p1\/cG6L9akGsN0jVy1uE\/fsO9EpzASejvjJqGqjCLWXB1RT6wCf4N9JUh6JZq+e+dcVQrcfKiuebgg2j+zKeE7XsEx5FMvC7vSQECEvYd0AqfLpx0ddCUAnBDDMm0ubFpUm1SYM8QebRoZAYTiTyiqGqUmiztFzechGKacvuxptbOeBVXtauUru5PNyECa7SA1iy+IQvyAaIc5g1nZFPwNIPyYT62KAzAbfJ8NWWjOqEx6y4q3HGt0kCSIF\/LZC2hUJs0O6xwR6axKykT0sVH\/JZSGRjhW8owwt8N6g\/Q9x+K\/+u45j+qGXGZ73CBdRU42Lw\/49dH0SVrckDXl08XEl5f145jD5NVqyC34RwrijyAdy9ByXNlNtQfFy3nPYPL\/g+FjM4A6HvfiI2V7ct9R6Kdv7vvqWMWgli+6G9saIdiZqGTGv0G2Ck70VNvkrMbHlFdSS0JfemyRqF3tLbb5fedc4LiHC4v1EttfHuZkKMAqfA55nzImCVEGlc0vj42W021c4Y4NVqMBqsc72rPXK8l\/clM8rrrdo0kFHTcShvRxmFikbSn2VLccCY7OArkaPBjd5IzO9rA1jXAer1UYjjWRS1IFbNkWjITrdjwIzY1E8sFoucckR60PlGuJrcwltk9jxDN8Lj2O\/J5VjCnHeMHu+RUl6AYSinbTctO7yy2qHah0CWu3K4VDuq8uRx266m7zQngEARoIqYRlH0euYnsXKWVjTSjxXQamW+XkZb17+tZZsmAapVs\/NI51zFSR\/GavH1GWgMxrTJcQyRaPTf4KHOualzDRJfkz4oQZO8+RElFPE3AvWkXi5SXXar8Bh\/amKkgSyejrWKk7xeZDGzPJSTCagW2qsq+GzcHPRmnmE3BBXpzvYTKJ47KGr4lVfjPRIy2Zptp+SMhgqk39HInJ3BCrZkeF9bqUIjbjQSzMAkwF\/7dAPZ2wVd99xhzcMJtHUyhtVitzA08ayMg3uITkJy1ReAHF1\/fcUL\/I6k4tvHjJ7+ekHEP+HfsmGXCxZvich6b8WrKYQOLlUgNA7llo2\/0\/X8WdR1df7zWpz0XxwHYezlt63mCOvKQ2kXUHG5QBE1cfC2XEjg01VCcC6TIVgF7X579orwad3B9CPOouOWRMZkNyLGXYIEJVgIlZa+mCtKcAsumN\/udR+4N5IjhjwlfkCVlxCuQKN2wtNF55KJmG8Nn9Az8XCKmTazyfwZX9s8zcC\/NkTDw4ds8xQ82V4FLJqiiOwAYJ4daqtKLD2Y3JNApvnB5vCj2RKwGtogqhWdgS8H2GZ3RifWrj2a0FIdpUy\/WU89YopxhEPnQACNaAIMN8ZcmK8IWIn2N+EO0lDz6\/hBIBOmn8pA==","iv":"c8317808e84d57133349abaa041116a5","s":"8ab1df1eda292f61"}
Share your thoughts. Click here