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Survey says: many US collectors have never had their art appraised or insured
According to a report published today by the bank UBS, 41% of US collectors surveyed have never had their art valued, preferring to believe that it is “priceless”—and 65% have never sold a work. The bank, which sponsors Art Basel in Miami Beach, surveyed 2,475 US-based high-net-worth investors, 363 of…
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