
Gen Z high-net-worth art collectors now spend more than twice as much as older generations on fine art, contributing to a 4% year-on-year increase in global art sales to $59.6 billion in 2025, according to Art Basel and UBS market insights, ending two years of decline.
AI-generated summary
Global art sales had declined for two consecutive years prior to 2025, reflecting broader economic uncertainty and reduced high-end spending.
Gen Z high-net-worth collectors have overtaken older generations as the art market’s biggest spenders, with average fine art expenditure more than twice that of older collectors, helping drive a global sales rebound to nearly US$60 billion, according to the latest Art Basel and UBS market insights.
Global art sales returned to growth in 2025, rising 4 per cent year on year to an estimated US$59.6 billion and ending two consecutive years of decline.
AI outlook — possibilities, not facts
Global art sales will continue to grow in 2026 if Gen Z spending trends persist
Likely · Within months
The Central Political and Legal Affairs Commission released the list of brave warriors for the third quarter of 2026. Meituan riders Guo Yabin, Yu Rongxian, and Cheng Jianfeng were commended. Guo Yabin used three fire extinguishers to put out the refrigerator fire in the truck, and Yu Rong first subdued the knife-wielding man. Meituan said it will increase rewards and protections for riders for their bravery. As of September, more than 580 riders nationwide have been commended by the platform, an increase of more than 140% compared with the same period last year.

Starbucks Taiwan announced that it will adjust the charging methods for some customized services starting from October 12, 2026. Items such as milk or beverages after removing ice or less ice, upgraded espresso, specific sauces and plant milk will be charged an additional fee. Oat milk and almond milk will be charged an additional 20 yuan, and high-protein clouds will be charged an additional 60 yuan.
The construction of the upstream and downstream cofferdams for Gezhouba Shipping Capacity Expansion officially started on October 10, marking that an important part of the Three Gorges New Water Transport Channel Project has entered the main construction stage. The project will dismantle the No. 3 ship lock and build a new 10,000-ton ship lock. In the future, single ships of 10,000-ton class can smoothly pass through the Gezhouba hub.

Billionaire Musk plans to produce chips in his Terafab project, but analysts at South Korea's Hanwha Securities, Samsung executives and people familiar with TSMC's internals have pointed out that improving chip manufacturing yields requires decades of experience and is far more difficult than expected. It has even been likened to being more challenging than manned landing on Mars.
China State Railway Group Co., Ltd. announced that the national railways will implement a new freight train operation chart from 18:00 on October 10, optimize intercity trains, multimodal trains and China-Europe-Central Asia train products, arrange to run multiple express, express and general express intercity trains with different speeds, and add direct trains for bulk cargo across the railway bureau and new routes for return China-Europe trains to improve cargo transportation efficiency and serve domestic and international economic and trade exchanges.
The Ministry of Commerce, together with the Cyberspace Administration of China, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Agriculture and Rural Affairs, the State Administration for Market Regulation, and the State Post Bureau, issued the "Notice on Implementing the "Five Excellence" Action for Quality E-commerce", deploying 15 specific tasks around the five dimensions of quality promotion, quality creation, quality selection, quality competition, and long-term maintenance, to promote the transformation of e-commerce from scale expansion to quality improvement, and to promote the upgrading of consumption and the high-quality development of e-commerce.