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Luxury Goods Market Thrives Despite Uncertainty

The personal luxury goods market posted a record year in 2022, reaching a market value of €345 billion, despite geopolitical tensions and macroeconomic uncertainty. This momentum persisted into the first quarter of 2023, achieving 9-11% growth over 2022. However, nuances across countries remain. These are among the findings of management consultant Bain & Company’s Luxury Goods Worldwide Market Study – Spring 2023, presented with Altagamma, the Italian luxury goods manufacturers’ industry association. The study attributes...

Unique in its broad international coverage of both arts and cultural events, Arts & Collections covers fine art from antiquity to modern times, auction records, a special sale preview by Sotheby’s, as well as market trends that inform collectors of the world’s finest items.

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