The global art market grew 6% in 2018, thanks partly to a rise in millennial spending power in Art Basel. According to the latest Asia and UBS Global Art Market Report, buyers born between 1981 and 1996 accounted for around of half of high-end spending of $1m or more, representing 46% of buyers in Singapore and 39% in Hong Kong.
The global art market grew 6% in 2018, thanks partly to a rise in millennial spending power in Asia. According to the latest Art Basel and UBS Global Art Market Report, buyers born between 1981 and 1996 accounted for around of half of high-end spending of $1m or more, representing 46% of buyers in Singapore and 39% in Hong Kong.