Ultra-Wealthy Will Spend $2.7 trillion on Art by 2026

November 9th, 2017

Alberto Giacometti, Grande Figure (1948), via SothebysA recent report by Deloitte notes the vast sums of money, upwards of $2.7 trillion, the ultra-wealthy will spend on art in under ten years, and notes the ongoing concerns over the security and transparency of the field among collectors. The report notes advanced analytics as “an important development and could contribute toward improving transparency, valuation accuracy, and risk management of art-related wealth.”

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