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New UBS report reveals what drives US art collectors

UBS Wealth Management Americas released today a new report that shows a majority of collectors of fine art view their art collections as a pursuit of passion rather than as an investment. In a special Investor Watch Pulse Report, released during Art Basel in Miami Beach, UBS studied the attitudes and behaviors of fine art collectors. The report, titled "For the love of art,? found that despite recent high profile sales of fine art at auction houses this year, such as Leonardo da Vinci's, "Salvator Mundi, c.
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