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A new survey reveals that Generation Z has become the most active buyer demographic in the high-end art market, displacing Baby Boomers as the dominant force in a sector historically dominated by older wealth. The shift reflects changing consumer preferences and wealth patterns among younger investors and collectors. The trend underscores broader demographic shifts in asset allocation and spending patterns, as Gen Z buyers demonstrate appetite for alternative investments and collectible markets that extend beyond traditional equities and bonds.
Sources:CNBC Top News