Paintings, sculptures, and works on paper accounted for the highest share of works in collections of high net worth (HNW) art collectors worldwide in the first six months of 2022. According to a global survey, such works made up 51 percent of the art collected by HNW individuals from the baby boomer generation. Meanwhile, digital art linked to a non-fungible token (NFT) represented 10 percent of works owned by Gen X collectors.
Share of works held in collections of high net worth (HNW) art collectors worldwide in 1st half 2022, by medium and generation
Characteristic
Paintings, sculptures, works on paper
Photography, prints, multiples
Film and video art
Digital art (with NFT)
Digital art (without NFT)
Other mediums
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The source defined high net worth (HNW) collectors as individuals who have a current net worth, excluding real estate and private business assets, in excess of 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 fine or decorative art in 2020 and 2021, and a minimum of 5,000 U.S. dollars in 2022.
Respondents were HNW individuals from the following markets: United States, United Kingdom, France, Germany, Italy, Singapore, Hong Kong, China, Taiwan, Japan, Brazil.
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Art Basel, & UBS. (November 3, 2022). Share of works held in collections of high net worth (HNW) art collectors worldwide in 1st half 2022, by medium and generation [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1380327/high-net-worth-art-collections-worldwide-by-medium/
Art Basel, und UBS. "Share of works held in collections of high net worth (HNW) art collectors worldwide in 1st half 2022, by medium and generation." Chart. November 3, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1380327/high-net-worth-art-collections-worldwide-by-medium/
Art Basel, UBS. (2022). Share of works held in collections of high net worth (HNW) art collectors worldwide in 1st half 2022, by medium and generation. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1380327/high-net-worth-art-collections-worldwide-by-medium/
Art Basel, and UBS. "Share of Works Held in Collections of High Net worth (Hnw) Art Collectors Worldwide in 1st Half 2022, by Medium and Generation." Statista, Statista Inc., 3 Nov 2022, https://www.statista.com/statistics/1380327/high-net-worth-art-collections-worldwide-by-medium/
Art Basel & UBS, Share of works held in collections of high net worth (HNW) art collectors worldwide in 1st half 2022, by medium and generation Statista, https://www.statista.com/statistics/1380327/high-net-worth-art-collections-worldwide-by-medium/ (last visited July 22, 2024)
Share of works held in collections of high net worth (HNW) art collectors worldwide in 1st half 2022, by medium and generation [Graph], Art Basel, & UBS, November 3, 2022. [Online]. Available: https://www.statista.com/statistics/1380327/high-net-worth-art-collections-worldwide-by-medium/
