A 2024 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, being indicated by 88 percent of the sample. While 67 percent of surveyed collectors bought art via auctions, 41 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 2024
The survey was conducted between July and August 2024.Â
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.Â
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). Leading channels used by high-net-worth (HNW) art collectors to purchase art and antiques worldwide in 1st half 2024 [Graph]. In Statista. Retrieved November 19, 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 2024." Chart. October 24, 2024. Statista. Accessed November 19, 2024. https://www.statista.com/statistics/1269344/leading-channels-used-by-high-net-worth-collectors-to-purchase-art-worldwide/
Art Basel, UBS. (2024). Leading channels used by high-net-worth (HNW) art collectors to purchase art and antiques worldwide in 1st half 2024. Statista. Statista Inc.. Accessed: November 19, 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 2024." Statista, Statista Inc., 24 Oct 2024, 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 2024 Statista, https://www.statista.com/statistics/1269344/leading-channels-used-by-high-net-worth-collectors-to-purchase-art-worldwide/ (last visited November 19, 2024)
Leading channels used by high-net-worth (HNW) art collectors to purchase art and antiques worldwide in 1st half 2024 [Graph], Art Basel, & UBS, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/1269344/leading-channels-used-by-high-net-worth-collectors-to-purchase-art-worldwide/
