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Fine art emerging as favorite asset class for alternative space
Other - MAY 6, 2024

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Fine art emerging as favorite asset class for alternative space

by Andrea Zander

As alternative investments gain popularity among private clients, fine art is quietly emerging as a favorite asset class, according to an Observer article.

According to Deloitte, 84 percent of ultra-high-net-worth and high-net-worth clients have a significant portion of their overall wealth invested in art. Sixty-three percent of wealth managers (in private banks and family offices) have integrated art into their wealth management offerings, according to a Deloitte survey in 2023.

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