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Gen Z outspent every other generation on art last year—a fine arts executive says the internet and new wealth are supercharging their buying habits
Anita Heriot, president of The Fine Art Group Americas, said Gen Z have a lot of money and “don’t know what to do with it”—so they’re buying up Basquiat paintings.
Gen Z is stepping into new wealth; the young generation amassed $9 trillion in income back in 2023, and by 2030, their earnings are expected to shoot up to $36 trillion. And in spending their riches, the 20-somethings are already snapping up fine art and luxe collectibles. Last year Gen…
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