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2024-06-21 23:45:41

bloombergytbot on Nostr: Here's your summary from BofA Head of Art Services Sees Contemporary Market Growing ...

Here's your summary from BofA Head of Art Services Sees Contemporary Market Growing Fastest (https://www.youtube.com/watch?v=CF-4O0lNVzU) on the Bloomberg Television channel:
**TLDR:** The contemporary art market is growing rapidly, with postwar and contemporary art driving the market.

1. Blue chip art, including postwar and contemporary art, is the main focus for collectors and investors.
2. Art is seen as an asset class that can increase in value over time, with many collectors incorporating it into their wealth management strategy.
3. The trend of collecting not just art, but also other luxury items like watches, wine, and collectible cars, is on the rise among younger collectors.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro
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