Art Basel Miami Beach 2024, December 5

Art and the great wealth transfer

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Alex Glauber, Founder and principal of AWG Art Advisory, New York Solita Marcelli, Chief Investment Officer Americas at UBS Global Wealth Management, New York Dr. Clare McAndrew, Cultural Economist and Founder of Arts Economics, Dublin Moderator: Dr. Jeni Fulton, Head of Editorial, Art Basel
 The Great Wealth Transfer is already underway, and over the next 20 years, USD 84 trillion is poised to move from older Americans to their Gen X and millennial heirs. Alongside financial assets and real estate, artworks and collections will also be passed down for an estimated 20% of high-net-worth individuals. How will the habits, ethical and social concerns, and trends defining art collecting and philanthropy shift as established collections are acquired by a very different next generation?
Alex Glauber is an art advisor, curator, and educator based in New York. He is the founder and principal of AWG Art Advisory, where he works with private individuals, corporations, and institutions in the conceptualization, building, and management of fine art collections. Previous to founding AWG Art Advisory in 2009, Glauber served as an assistant curator for the Lehman Brothers and Neuberger Berman art collections from 2006 to 2009. In that role, he focused on the acquisition of works by emerging to mid-career contemporary artists, and installed art throughout the firm’s worldwide offices. Glauber has curated monographic and thematic group exhibitions at venues as varied as the Portland Museum of Art in Maine, Phillips auction house, and Bryant Park, New York, as well as at galleries such as Lisson Gallery, Andrew Kreps Gallery, Chapter NY, Dickinson, David Lewis Gallery, and Casey Kaplan. Glauber has served on the faculty of the Sotheby’s Institute of Art where he developed courses on the art market and collection building and management. Glauber has lectured on the art market and collecting strategies at Tsinghua University in Beijing; the New Britain Museum of American Art in Connecticut; the Rubell Museum in Miami, and a variety of financial institutions. He is a board member of The Brooklyn Rail and the president of the Association of Professional Art Advisors. 
Solita Marcelli is Chief Investment Officer Americas for UBS Global Wealth Management. In this capacity, Marcelli is responsible for bringing together investment insights and implementable solutions to optimize impact for UBS Americas clients, with over USD 1.9 trillion in total invested assets. Marcelli’s 300-person team provides tailored advice to over 6,000 UBS advisors, on topics including asset allocation, equity and fixed income strategy, sustainable and thematic investments, alternative investments, single security analysis, and more. Marcelli is widely recognized as a thought leader in the industry, and is featured frequently in the financial media, including CNBC, Bloomberg, and the Wall Street Journal. In 2024, she was recognized as one of the 100 most influential women in US finance by Barron’s. In 2022, she was recognized as one of the 15 ‘Top Voices in Finance’ on LinkedIn. Marcelli serves on the Board of the UJA Federation of New York, and was the 2022 recipient of UJA’s Alan C. Greenberg Leadership Award. She is a fellow of the 2018 class of the Finance Leaders Fellowship and a member of the Aspen Global Leadership Network. She is also a member of the Global Advisory Council for the Wilson Center, and a member of the Economic Club of New York. Throughout her career, Marcelli has been a strong and passionate advocate for diversity, having cofounded a private banking women’s network, and spearheaded a sponsorship program designed to elevate diverse talent. 
Dr. Clare McAndrew is a cultural economist who specializes in the arts, antiques, and collectibles markets. She completed her PhD in economics at Trinity College Dublin in 2001, where she also lectured and taught economics for four years. In 2002, Clare joined US firm Kusin & Company, a boutique investment banking firm specializing in art investment, as chief economist. After three years in the US, Clare returned to Europe in 2005 to set up Arts Economics and continue her work in the art market in a private research and consulting capacity. Arts Economics works with a network of private consultants and academic scholars carrying out art market research and analysis for a global client base.
Dr Jeni Fulton is Art Basel’s Head of Editorial, leading the fair’s global content strategy and its digital magazine. She is the series editor for the Art Market Report and Survey of Global Collecting, co-published by Art Basel and UBS. She obtained her PhD on the subject of “Value and evaluation in 21st Century Art” from the Humboldt University in Berlin in 2017, and read Philosophy at the University of Cambridge for her undergraduate degree. She lectures on the art market, contemporary art history, and art and technology at Zurich’s University of the Arts (ZHdK), and teaches in the Executive Master’s in Art Market Studies at the University of Zurich.
The Art Basel Miami Beach 2024 Conversations program is curated by Kimberly Bradley.

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