A worthless inheritance: what to do with unwanted artwork
There is a great wave of money – and artwork – heading the way of younger generations. The value of the “great wealth transfer” from the post-war baby-boomer generation in Britain alone has been estimated at £5.5 trillion over the next 30 years. Baby boomers were prolific art buyers. “Spending on art accelerated as the rich got richer, moved into ever-larger houses and became eager to splash out on discretionary purchases,” says Felix Salmon on Bloomberg
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