According to a global survey of high net worth (HNW) art collectors, paintings accounted for the highest share of works held in HNW collections in the first six months of 2023. While such art medium represented 33 percent of works held by HNW art collectors, digital art made up eight percent of collected artworks.
Share of works held in collections of high net worth (HNW) art collectors worldwide in 1st half 2023, by medium
The survey was conducted between July and September 2023.
The source defined high net worth (HNW) collectors as individuals who have a current net worth, excluding real estate and private business assets, exceeding one million U.S. dollars. Additionally, to be included in the survey, collectors were required to have spent at least 10,000 U.S. dollars on art and antiques in 2021 and 2022, and a minimum of 5,000 U.S. dollars in the first half of 2023.
Respondents were HNW individuals from the following markets: United States, United Kingdom, France, Germany, Italy, Singapore, Hong Kong SAR, China, Taiwan, Japan, and Brazil.
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Art Basel, & UBS. (November 2, 2023). Share of works held in collections of high net worth (HNW) art collectors worldwide in 1st half 2023, by medium [Graph]. In Statista. Retrieved October 06, 2024, from https://www.statista.com/statistics/1268532/artwork-purchased-by-hnw-art-collectors-worldwide-by-medium/
Art Basel, und UBS. "Share of works held in collections of high net worth (HNW) art collectors worldwide in 1st half 2023, by medium." Chart. November 2, 2023. Statista. Accessed October 06, 2024. https://www.statista.com/statistics/1268532/artwork-purchased-by-hnw-art-collectors-worldwide-by-medium/
Art Basel, UBS. (2023). Share of works held in collections of high net worth (HNW) art collectors worldwide in 1st half 2023, by medium. Statista. Statista Inc.. Accessed: October 06, 2024. https://www.statista.com/statistics/1268532/artwork-purchased-by-hnw-art-collectors-worldwide-by-medium/
Art Basel, and UBS. "Share of Works Held in Collections of High Net worth (Hnw) Art Collectors Worldwide in 1st Half 2023, by Medium." Statista, Statista Inc., 2 Nov 2023, https://www.statista.com/statistics/1268532/artwork-purchased-by-hnw-art-collectors-worldwide-by-medium/
Art Basel & UBS, Share of works held in collections of high net worth (HNW) art collectors worldwide in 1st half 2023, by medium Statista, https://www.statista.com/statistics/1268532/artwork-purchased-by-hnw-art-collectors-worldwide-by-medium/ (last visited October 06, 2024)
Share of works held in collections of high net worth (HNW) art collectors worldwide in 1st half 2023, by medium [Graph], Art Basel, & UBS, November 2, 2023. [Online]. Available: https://www.statista.com/statistics/1268532/artwork-purchased-by-hnw-art-collectors-worldwide-by-medium/