A new survey of US high net worth art collectors reveals they’re optimistic about the art market. They’re considering sustainable options in managing their collections and are willing to pay more for them. In addition, collectors continue to value the important roles of museums, with women more likely to leave some of their collection to them.
Most collectors are optimistic about art and stocks ...
... and they value sustainability
Concerned about carbon footprint of the art market
Where collectors prefer to buy
Museums play a valuable role
Mixed views on when to pass on their collection
Many plan to leave collection to family
Many also plan to leave art to institutions
Women make more large art purchases
Women have larger collections
Women more likely to leave collection outside family
Plan to donate to museums
Plan to donate to charitable organizations
Women and younger generations have collections with slightly more gender diversity
*Of artists with known gender
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About the survey
UBS surveyed 404 investors in the US with $1 million in investable assets that had spent $10,000 or more on art and/or antiques in the past two years.