India - millionaire households' art purchases by source 2016

The statistic depicts the result of a survey among ultra high net worth households (UHNHs) across India about their preferred source for purchases in 2016. The most preferred source for buying art among ultra high net worth households in India were art houses with about 71 percent, followed by exhibitions with 58 percent during the survey period.

Share of art purchases made by ultra high net worth households (UHNHs) in India in 2016, by source

Characteristic	Share of respondents
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Release date

July 2016

More information

Region

India

Survey time period

January 2016 to March 2016

Number of respondents

225 respondents

Special properties

Among ultra high net worth individuals across 12 cities in India

Method of interview

Face-to-face interview

Supplementary notes

The source defines an ultra high net worth household (UHNH) as a household with a minimum net worth of 250 million Indian rupees, mapped over 10 years.
Note: One Indian rupee is equal to 0.015 U.S. dollars and 0.014 euros (as of March 2017).

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