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

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Use Ask Statista Research Service

Release date

November 2023

Region

Worldwide

Survey time period

February to May 2023

Number of respondents

123 art collectors

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " High-net-worth collectors worldwide "

The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you High-net-worth collectors worldwide

High-net-worth individuals

4

Investments of passion

3

Price indices of collector items

6

Art collectors

7

Further related statistics

10

Further Content: You might find this interesting as well

Statistics

Topics

Art market in ChinaArt market worldwideArt market in the United Kingdom (UK)Sports in ChinaPerforming arts in Japan
All features, all contents, at all times: Learn more about our professional solutions.

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.