- Luxury Daily - https://www.luxurydaily.com -

Strong spend in mainland China lifting global art market: UBS, 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 While the overall luxury landscape is returning to pre-pandemic norms, art collectors’ spending is maintaining its peak. Image courtesy of Art Basel

 

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.