A May 2021 report involving art collectors worldwide investigated some of the motivating factors behind art purchases. According to the results, roughly two-thirds of the collectors answered that they bought art to build a collection. Meanwhile, more than half of the survey sample claimed they purchased art to decorate, making it the second most popular reason to buy art.
Main reasons for art collectors to buy art worldwide as of May 2021
The source specifies that only individuals who subscribed to Artsy's emails and had an active account were eligible to participate in the survey.
The survey sample includes 765 participants who had bought art at least twice and had spent 10 thousand U.S. dollars on art in 2019, 2020, or were planning on spending that amount in 2021.
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Artsy. (June 30, 2021). Main reasons for art collectors to buy art worldwide as of May 2021 [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1269936/main-reasons-for-art-collectors-to-buy-art-worldwide/
Artsy. "Main reasons for art collectors to buy art worldwide as of May 2021." Chart. June 30, 2021. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1269936/main-reasons-for-art-collectors-to-buy-art-worldwide/
Artsy. (2021). Main reasons for art collectors to buy art worldwide as of May 2021. Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1269936/main-reasons-for-art-collectors-to-buy-art-worldwide/
Artsy. "Main Reasons for Art Collectors to Buy Art Worldwide as of May 2021." Statista, Statista Inc., 30 Jun 2021, https://www.statista.com/statistics/1269936/main-reasons-for-art-collectors-to-buy-art-worldwide/
Artsy, Main reasons for art collectors to buy art worldwide as of May 2021 Statista, https://www.statista.com/statistics/1269936/main-reasons-for-art-collectors-to-buy-art-worldwide/ (last visited December 03, 2024)
Main reasons for art collectors to buy art worldwide as of May 2021 [Graph], Artsy, June 30, 2021. [Online]. Available: https://www.statista.com/statistics/1269936/main-reasons-for-art-collectors-to-buy-art-worldwide/