Arts and entertainment
March 22, 2024
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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","iv":"cc2854068891a2c536153d7195b5266f","s":"4dfcaff0344f79e0"}
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