A July 2021 report examined the amount of money spent by high net worth (HNW) art collectors on art and antiques worldwide between 2019 and the first half of 2021. The results of the study, which identified collectors' median expenditure according to the generation they were born in, showed an increase in spending by 207 thousand U.S. dollars and 62 thousand U.S. dollars among Millennials and Boomers, respectively. While the median expenditure of art collectors from both of these generations more than doubled in the first half of 2021 compared to 2019, the median spending of Gen X art collectors dropped by 10 thousand U.S. dollars during the same timeframe.
Median expenditure of high net worth (HNW) art collectors on art and antiques worldwide from 2019 to 1st half 2021, by generation (in 1,000 U.S. dollars)
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Art Basel, & UBS. (September 8, 2021). Median expenditure of high net worth (HNW) art collectors on art and antiques worldwide from 2019 to 1st half 2021, by generation (in 1,000 U.S. dollars) [Graph]. In Statista. Retrieved May 15, 2024, from https://www.statista.com/statistics/1268548/expenditure-of-high-net-worth-collectors-on-art-worldwide/
Art Basel, und UBS. "Median expenditure of high net worth (HNW) art collectors on art and antiques worldwide from 2019 to 1st half 2021, by generation (in 1,000 U.S. dollars)." Chart. September 8, 2021. Statista. Accessed May 15, 2024. https://www.statista.com/statistics/1268548/expenditure-of-high-net-worth-collectors-on-art-worldwide/
Art Basel, UBS. (2021). Median expenditure of high net worth (HNW) art collectors on art and antiques worldwide from 2019 to 1st half 2021, by generation (in 1,000 U.S. dollars). Statista. Statista Inc.. Accessed: May 15, 2024. https://www.statista.com/statistics/1268548/expenditure-of-high-net-worth-collectors-on-art-worldwide/
Art Basel, and UBS. "Median Expenditure of High Net worth (Hnw) Art Collectors on Art and Antiques Worldwide from 2019 to 1st Half 2021, by Generation (in 1,000 U.S. Dollars)." Statista, Statista Inc., 8 Sep 2021, https://www.statista.com/statistics/1268548/expenditure-of-high-net-worth-collectors-on-art-worldwide/
Art Basel & UBS, Median expenditure of high net worth (HNW) art collectors on art and antiques worldwide from 2019 to 1st half 2021, by generation (in 1,000 U.S. dollars) Statista, https://www.statista.com/statistics/1268548/expenditure-of-high-net-worth-collectors-on-art-worldwide/ (last visited May 15, 2024)
Median expenditure of high net worth (HNW) art collectors on art and antiques worldwide from 2019 to 1st half 2021, by generation (in 1,000 U.S. dollars) [Graph], Art Basel, & UBS, September 8, 2021. [Online]. Available: https://www.statista.com/statistics/1268548/expenditure-of-high-net-worth-collectors-on-art-worldwide/