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HNW millennials still dominate art collection industry

Millennial collectors (aged 25 to 40) and Generation Z (aged under 25) are still the most active participants in the art buying market, according to the latest survey jointly published by UBS and Art Basel. The survey dovetails with previous findings. Despite the market shocks caused by the pandemic, millennial collectors had the highest spending overall at US$378,000 — that…

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