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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