A 2023 survey identified the most popular channels used by high net worth (HNW) art collectors worldwide to purchase art and antiques in the first six months of that year. According to the study, dealers were the most conventional approach for HNW collectors to buy art, indicated by 79 percent of the sample. While 74 percent of surveyed collectors bought art via auctions, 58 percent did so at art fairs.
Leading channels used by high net worth (HNW) art collectors to purchase art and antiques worldwide in 1st half 2023
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). Leading channels used by high net worth (HNW) art collectors to purchase art and antiques worldwide in 1st half 2023 [Graph]. In Statista. Retrieved September 20, 2024, from https://www.statista.com/statistics/1269344/leading-channels-used-by-high-net-worth-collectors-to-purchase-art-worldwide/
Art Basel, und UBS. "Leading channels used by high net worth (HNW) art collectors to purchase art and antiques worldwide in 1st half 2023." Chart. November 2, 2023. Statista. Accessed September 20, 2024. https://www.statista.com/statistics/1269344/leading-channels-used-by-high-net-worth-collectors-to-purchase-art-worldwide/
Art Basel, UBS. (2023). Leading channels used by high net worth (HNW) art collectors to purchase art and antiques worldwide in 1st half 2023. Statista. Statista Inc.. Accessed: September 20, 2024. https://www.statista.com/statistics/1269344/leading-channels-used-by-high-net-worth-collectors-to-purchase-art-worldwide/
Art Basel, and UBS. "Leading Channels Used by High Net worth (Hnw) Art Collectors to Purchase Art and Antiques Worldwide in 1st Half 2023." Statista, Statista Inc., 2 Nov 2023, https://www.statista.com/statistics/1269344/leading-channels-used-by-high-net-worth-collectors-to-purchase-art-worldwide/
Art Basel & UBS, Leading channels used by high net worth (HNW) art collectors to purchase art and antiques worldwide in 1st half 2023 Statista, https://www.statista.com/statistics/1269344/leading-channels-used-by-high-net-worth-collectors-to-purchase-art-worldwide/ (last visited September 20, 2024)
Leading channels used by high net worth (HNW) art collectors to purchase art and antiques worldwide in 1st half 2023 [Graph], Art Basel, & UBS, November 2, 2023. [Online]. Available: https://www.statista.com/statistics/1269344/leading-channels-used-by-high-net-worth-collectors-to-purchase-art-worldwide/