What’s Motivating Collectors to Buy Art in 2021
A NEW GENERATION OF ART BUYERS HAVE ONLY BOUGHT ART ONLINE Three-in-ten (31%) young collectors said they bought their first ever artwork online, up from 14% in 2020. Nearly half (47%) of new art buyers (who started buying art less than three years ago) also said they made their first art purchases online, compared to 30% in 2020. The online
... See moreOur tastes and definitions of beauty change in response to other cultural influences, but they also change over time in response to shifts in our own society. According to de Botton, German art historian Wilhelm Worringer suggested that over the span of human history societies have oscillated between a preference for abstract and realistic art, and... See more
Architecture Archives - Slow Space
MILLENNIAL ART BUYERS ARE HESITANT BUYING ART ONLINE Although there was a small increase in the number who said they were likely to buy art online this year (44% compared to 41% in 2020), there are still big hurdles that online art sellers must overcome before customers are fully convinced. Many of the worries that prevented people from buying onli
... See more82% of young collectors have purchased art online
Art Collector Insights 2024
MORE SOCIALLY CONSCIOUS ART BUYERS? In 2020, helping and supporting the artistic community (social impact) and supporting artists (patronage) became the second highest motivation when buying art (68%). This was particularly strong among the younger generations (under 35 years old), where 76% said their main motivation for buying art was social
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