The Art Basel and UBS Global Art Market Report: Continued Growth for Global Art Market, with Evidence of Active Buying by Millennial Collectors
UBS Group AG Registered Ordinary Shares (UBS)
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Source: Business Wire
Global art market up 6% to an estimated $67.4 billion, its second highest level in 10 years US retains position as the largest market; and the United Kingdom regains its place as the second largest market ahead of China UBS research collaboration reveals fresh insight on collecting behaviors of high net worth individuals in the UK, Germany, Hong Kong, Singapore and Japan NEW YORK--(BUSINESS WIRE)-- UBS and Art Basel today published the third edition of the Art Basel and UBS Global Art Market Report, authored by renowned cultural economist Dr Clare McAndrew, and integrating strands of research from UBS. A comprehensive and macro-level analysis of the global art market in 2018, the report covers key trends in the market in the context of wider economic shifts. The key findings include: Global Sales: Sales reached an estimated $6
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