Art and auctions
March 15, 2026
Art Basel Miami at the Wynwood Convention Center in Miami, December 2023. Image credit: Shutterstock
By Luxury Marketer Intelligence
The art market is reportedly now worth $65 billion a year globally and increasingly wealth patrons are putting more of their wealth into passion purchases with an eye to grow a collection over time that can hold more than just aesthetic value.
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","iv":"0c581a626d0057493c07bc57727a3d9f","s":"8b1a64b80af39694"}
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