Global art sales decline 4pc in 2023: UBS, Art Basel

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Global art sales decline 4pc in 2023: UBS, Art Basel
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The United States still dominates the sector in market share, but China is a rising force, overtaking the United Kingdom to gain the second-place position.

The Chinese art market is growing, at a time when other dominant consumer sects are stagnating or tumbling, according to new findings from Art Basel and wealth management firm UBS Global.

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