ZURICH - The global art market experienced another uptick in 2018, helped by an increase in the spending power of millennials, a report published by UBS and Art Basel said on Friday.
“It may be a reflection of the unique and often experiential qualities of art and collectibles as long-term assets.” The results of the survey, which was conducted in Britain, Germany, Japan, Singapore and Hong Kong, offered a silver lining for the art world as geopolitical and economic worries have weighed on overall sentiment.
Are mommy and daddy paying for that too?
One art please 💵
Oh sure.
This market needs suckers to enable holders to sell!
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