China’s Rich Top Asia in Collectibles Ownership, Barclays Says
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Rich individuals in China, which two years ago became the world’s second-largest art market, hold more of their wealth in collectible assets than their peers anywhere in Asia.
China’s wealthy hold 17 percent of their total net worth in jewelery, fine art, wine, antique furniture, classic cars and precious metals, according to a Ledbury Research global survey of more than 2,000 people published by Barclays Plc today. That compares with 16 percent in Singapore, 14 percent in Hong Kong and an average of 9.6 percent globally.