More collectibles
Source: Bloomberg News |
June 13, 2012, Wednesday
|
Print Edition
Print Edition
RICH individuals on the Chinese mainland, 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.
They hold 17 percent of their total net worth in jewelry, fine art, wine, antique furniture, classic cars and precious metals, according to a Ledbury Research global survey published by Barclays Plc yesterday. That compares with 16 percent in Singapore, 14 percent in Hong Kong and an average of 9.6 percent globally.
The mainland's private wealth may grow by 15 percent a year through 2016, faster than the global forecast of 4-5 percent, the Boston Consulting Group said on May 31.
They hold 17 percent of their total net worth in jewelry, fine art, wine, antique furniture, classic cars and precious metals, according to a Ledbury Research global survey published by Barclays Plc yesterday. That compares with 16 percent in Singapore, 14 percent in Hong Kong and an average of 9.6 percent globally.
The mainland's private wealth may grow by 15 percent a year through 2016, faster than the global forecast of 4-5 percent, the Boston Consulting Group said on May 31.
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