Main reasons why art collectors buy art worldwide May 2021

Published by Statista Research Department, Nov 9, 2024
A May 2021 report involving art collectors worldwide investigated some of the motivating factors behind art purchases. According to the results, roughly two-thirds of the collectors answered that they bought art to build a collection. Meanwhile, more than half of the survey sample claimed they purchased art to decorate, making it the second most popular reason to buy art.

Main reasons for art collectors to buy art worldwide as of May 2021

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Source

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Release date

June 2021

Region

Worldwide

Survey time period

May 2021

Number of respondents

765 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

The source specifies that only individuals who subscribed to Artsy's emails and had an active account were eligible to participate in the survey.
The survey sample includes 765 participants who had bought art at least twice and had spent 10 thousand U.S. dollars on art in 2019, 2020, or were planning on spending that amount in 2021.

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