The Art Market Is All About the 0.1%

  • 📰 WSJ
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

Heard on the Street: Galleries and auction houses are becoming more reliant on a small group of superwealthy collectors

The art market is starting to look like a painting that has too much of the action crammed into one corner.

Artworks worth an estimated $67.8 billion were sold globally in 2022, according to a report this week from art-show organizer Art Basel and UBS . Although the industry had already made a full recovery from the pandemic by 2021, it seems to be cooling. Last year’s 3% growth was lower than expected.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 98. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Only a few people can afford it.😅

No one else can afford to launder money or curry favor from the Bidens.

Doing what I can but I’m only one man

Only the wealthy can afford it 🤣

It’s called money laundering.

borghi_claudio Riciclo di denaro.....

Most of the wealth is held by a small number of people

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

House market crash: 'Big Short' investor says flooding may cause 20% dropUS housing may see a 2008-style correction as 20% of the market could be mispriced, 'Big Short' investor says
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »