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
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Deloitte, & ArtTactic. (November 21, 2023). Main motivations for buying art among art collectors worldwide as of May 2023 [Graph]. In Statista. Retrieved June 12, 2024, from https://www.statista.com/statistics/325640/most-important-motivators-when-buying-art-according-to-collectors-worldwide/
Deloitte, und ArtTactic. "Main motivations for buying art among art collectors worldwide as of May 2023." Chart. November 21, 2023. Statista. Accessed June 12, 2024. https://www.statista.com/statistics/325640/most-important-motivators-when-buying-art-according-to-collectors-worldwide/
Deloitte, ArtTactic. (2023). Main motivations for buying art among art collectors worldwide as of May 2023. Statista. Statista Inc.. Accessed: June 12, 2024. https://www.statista.com/statistics/325640/most-important-motivators-when-buying-art-according-to-collectors-worldwide/
Deloitte, and ArtTactic. "Main Motivations for Buying Art among Art Collectors Worldwide as of May 2023." Statista, Statista Inc., 21 Nov 2023, https://www.statista.com/statistics/325640/most-important-motivators-when-buying-art-according-to-collectors-worldwide/
Deloitte & ArtTactic, Main motivations for buying art among art collectors worldwide as of May 2023 Statista, https://www.statista.com/statistics/325640/most-important-motivators-when-buying-art-according-to-collectors-worldwide/ (last visited June 12, 2024)
Main motivations for buying art among art collectors worldwide as of May 2023 [Graph], Deloitte, & ArtTactic, November 21, 2023. [Online]. Available: https://www.statista.com/statistics/325640/most-important-motivators-when-buying-art-according-to-collectors-worldwide/