Art collectors' main motivations for buying art worldwide 2023

Published by Statista Research Department, Oct 14, 2024
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

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Release date

November 2023

Region

Worldwide

Survey time period

February to May 2023

Number of respondents

123 art collectors

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Statistics on " High-net-worth collectors worldwide "

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