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What is the Great Wealth Transfer?
$83 trillion moving from parents and grandparents to Gen Z and millennials, the largest inheritance humanity has ever seen, hitting art, luxury and longevity by 2032. That is gross: 10% inheritance tax and 10 years of inflation bring the net to around $60 trillion. That money does not only reroute art, it reroutes every market the heirs step into. Art flips first, because the heirs buy art the way they buy everything else: digitally and in pieces.
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