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 2024. While paintings represented 26 percent of the works held by HNW art collectors, digital art made up only three percent of the collected artworks.
Share of works held in collections of high-net-worth (HNW) art collectors worldwide in 1st half 2024, by medium
The survey was conducted between July and August 2024.
The source defined high net worth (HNW) collectors as individuals with 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 2022 and 2023, and a minimum of 5,000 U.S. dollars in the first half of 2024.
Respondents were HNW individuals from the following markets: United States, United Kingdom, France, Germany, Italy, Singapore, Hong Kong SAR, China, Taiwan, Japan, Brazil, Switzerland, Indonesia, and Mexico.
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Art Basel, & UBS. (October 24, 2024). Share of works held in collections of high-net-worth (HNW) art collectors worldwide in 1st half 2024, by medium [Graph]. In Statista. Retrieved November 21, 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 2024, by medium." Chart. October 24, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1268532/artwork-purchased-by-hnw-art-collectors-worldwide-by-medium/
Art Basel, UBS. (2024). Share of works held in collections of high-net-worth (HNW) art collectors worldwide in 1st half 2024, by medium. Statista. Statista Inc.. Accessed: November 21, 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 2024, by Medium." Statista, Statista Inc., 24 Oct 2024, 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 2024, by medium Statista, https://www.statista.com/statistics/1268532/artwork-purchased-by-hnw-art-collectors-worldwide-by-medium/ (last visited November 21, 2024)
Share of works held in collections of high-net-worth (HNW) art collectors worldwide in 1st half 2024, by medium [Graph], Art Basel, & UBS, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/1268532/artwork-purchased-by-hnw-art-collectors-worldwide-by-medium/
