Collectors' reasons for buying art worldwide 2023 | Statista (2024)

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    Published by Statista Research Department, Nov 24, 2023

    A May 2023 report analyzed the motivations for buying art among art collectors worldwide. According to the study, the emotional value was the most important reason, with 84 percent of surveyed collectors saying they purchase art for this purpose. Meanwhile, half of the respondents stated that they buy art for investment returns.

    Main motivations for buying art among art collectors worldwide as of May 2023

    CharacteristicShare of respondents
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    --
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    Release date

    November 2023

    More information

    Region

    Worldwide

    Survey time period

    February to May 2023

    Number of respondents

    123 art collectors

    Citation formats

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    Collectors' reasons for buying art worldwide 2023 | Statista (7)

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    Statistics on " High-net-worth collectors worldwide "

    The most important statistics

    • Number of ultra high net worth individuals 2021, by region
    • Ultra high net worth individuals 2022, by country
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    • Knight Frank Luxury Investment Index: price change of global assets of passion 2023
    • AMR All Art Index: price index of artworks sold at auction worldwide 1978-2024
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    • Share of affluent consumers buying art and collectibles worldwide Q4 2023, by age
    • Median expenditure of HNW collectors on art worldwide 2021-H1 2023, by market
    • Events attended by HNW collectors worldwide 2019-2022, by country and territory
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    The most important statistics

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    • Premium Statistic Investments of passions becoming more popular among UHNWIs in North America 2023
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    Price indices of collector items

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    • Premium Statistic Knight Frank Luxury Investment Index: price change of global assets of passion 2023
    • Premium Statistic AMR All Art Index: price index of artworks sold at auction worldwide 1978-2024
    • Premium Statistic Fancy Color Diamond Index: price index of fancy color diamonds worldwide 2022-2024
    • Premium Statistic Rare Whisky Icon 100 Index: price index of rare whisky sold in the UK 2012-2023
    • Premium Statistic Historic Automobile Group International: price indices of historic cars globally 2023

    Fine art collectors

    8

    • Premium Statistic Value of the UHNWI art and collectible wealth worldwide 2022-2026, by region
    • Premium Statistic Share of works held in HNW art collections globally H1 2023, by medium
    • Premium Statistic Share of works held in HNW art collections globally H1 2022, by medium and generation
    • Premium Statistic Share of affluent consumers buying art and collectibles worldwide Q4 2023, by age
    • Premium Statistic Median expenditure of HNW collectors on art worldwide 2021-H1 2023, by market
    • Premium Statistic Events attended by HNW collectors worldwide 2019-2022, by country and territory
    • Premium Statistic Leading channels used by HNW art collectors to purchase art worldwide H1 2023
    • Premium Statistic Share of global HNW collectors willing to pay extra for sustainable options 2019-2022

    NFT collectors

    4

    • Premium Statistic HNW art collectors planning to buy paintings vs. NFTs worldwide H1 2022, by market
    • Premium Statistic Median spending of HNW collectors on digital art H1 2023, by generation
    • Premium Statistic Main factors that would motivate art buyers to buy NFTs worldwide April 2023
    • Premium Statistic Opinions of HNWI on NFTs worldwide 2023

    Further related statistics

    10

    • Premium Statistic Most visited art museums worldwide 2019-2023
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    • Basic Statistic Not-for-profit theaters earned income via single ticket sales in the U.S. 2018-2022
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    Statistics

    • Most visited art museums worldwide 2019-2023
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    Topics

    Art market in ChinaArt market worldwideArt market in the United Kingdom (UK)Sports in ChinaPerforming arts in Japan

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    Collectors' reasons for buying art worldwide 2023 | Statista (2024)
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