{
Louise Bourgeois

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}
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001122334455554433221100

art market trends reveal shifts in buyer demographics and spending habits

The art market is experiencing a shift, with younger, speculative buyers being shaken out during economic downturns, while older collectors focus on value. Despite a tripling of billionaires since 2010, their art spending has decreased from 24% to 15% in 2023. Chinese collectors lead in art spending, and a significant wealth transfer is anticipated, with many HNWIs planning to preserve their collections for future generations.
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United States Dollar Art Basel TWN FRA JPN ITA GBR HKG Alex Glauber Louise Bourgeois Show more
TradFi, Market Report
12:29 24.10.2024
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