Alternative investments can range from liquid categories such as futures, options, commodities and hedge funds, to less liquid assets such as property, wine or even fine art.
The art market, in particular, has captured growing interest as a viable investment channel. According to a 2023 report by investment bank UBS and Art Basel, the U.S. holds a leading position in the global art market, accounting for 45% of sales by value.
Moreover, the U.S. art market has seen one of the most robust post-pandemic recoveries among major countries. Art sales in the U.S. increased 8% year over year in 2022, reaching $30.2 billion, the highest level to date.
Learn more about this topic by Tony Dong, Farran Powell, and Stephanie Steinberg as seen in USA Today.
Read the complete article here.
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