Wealthy millennials boosting the art market

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The global art market experienced another uptick in 2018, helped by an increase ...

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.

 

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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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