Delve into the minds of art collectors and uncover the driving forces behind their acquisitions. The Art Basel and UBS Art Market Report 2023 peels back the curtain, revealing intriguing insights into the motivations of high-net-worth (HNW) collectors. Across continents and generations, motivations vary, shaping the art market in nuanced ways. Self-identity emerges as a powerful catalyst for art acquisitions, yet financial motivations, while prevalent, sway differently across regions. This snippet from the report unveils a fraction of the broader narrative, offering a fascinating glimpse into the multifaceted world of art collecting among high-net-worth individuals in 2023.
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