Business · Markets · 10 hrs ago

Survey Finds Gen Z Leads Fine-Art Spending as Collectors Play It Safe

Survey Finds Gen Z Leads Fine-Art Spending as Collectors Play It Safe

Clare McAndrew, an economist who studies the art market, has spent a decade tracking its patterns.

Her research for the Art Basel and UBS Survey of Global Collecting looks at how collectors are buying art.

It finds that Gen Z collectors spend the most on fine art.

It also finds that more collectors are using AI tools for buying advice.

At the same time, buyers are playing it safe with their purchases.

These findings offer a picture of how collectors are behaving as the art market faces pressure.

The available information does not say what buyers will do next.

Sources

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