HNW art collector spending reveals market remains buoyant

News Team, 05/01/2023

High net worth (HNW) collector spending in 2022 showed strong confidence in the market and significant purchasing intent, according to a report by Art Basle and UBS.

Despite uncertainties over the impact of the Covid-19 and the political and economic concerns in 2022, the international cross-border trade in art recovered strongly.

Global imports of art and antiques increased 41 percent in 2021 and exports were up 38 percent, with doubl...

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