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Chinese spending fuels art market in 2023

There has been a return to form among high net worth (HNW) art collectors, with art expenditure rebounding in 2023, particularly fueled by mainland Chinese collectors, a recent report has found. This is according to the Art Basel and UBS Survey of Global Collecting in 2023, which surveyed 2,800 collectors active in 2023 across 11 art markets, including Brazil, mainland…

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