HNW collectors remain optimistic about the art market, spending more in 2022 than before the COVID-19 Pandemic. Global art sales rose by 3% to US$67.8 billion that year, despite the overall dreary sentiment in other markets. And 2023 is looking positive, too. Patricia Amberg, senior art advisor, UBS Global Wealth Management, told Asian Private Banker what is behind these latest trends,…
What’s behind art market optimism? This bank explains
By Claire Liang, senior reporter | 8 May 2023
Related News

“Art is a passion we share with our clients”: UBS
24 April 2023

Pictet: the Swiss pure play that invests purely in Swiss art
27 March 2023

How Asia’s red-hot art market is attracting more philanthropists
15 March 2023

Wealth planning plays a vital role in succession: Deutsche Bank IPB
5 December 2022

Bank of Singapore veteran brings UHNW experience to UOB PB
15 November 2022

Market pressures put onus on balance for HNWIs: Toby Chan of Capital Group
11 October 2022

Market head leaving Bank of Singapore to start independent outfit
24 August 2022

UBS family office unit co-heads see opportunity in market underperformance
5 August 2022

Exclusive
ESG 2.0 – Crop diversification and income? Nuveen’s Martin Davies explains
25 July 2022