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Gen Z is spending more on art than ever before. It’s a key piece of the Great Wealth Transfer, UBS says

Gen Z, whose oldest members are just 29, made up nearly half of high-net-worth collectors who purchased artwork priced at about $1 million.
The art world’s biggest spenders are getting younger and younger. Gen Z, whose oldest members are just 29, outspent every other generation on fine art in 2025 and the first half of this year. That’s according to a newly-released UBS and Art Basel survey of high-net-worth…
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