Why do people collect art? And what factors influence how they purchase it? These questions form the basis of Art Collector Insights 2023, Artsy’s research-driven report on the state of art collecting today.
Amid this period of pronounced uncertainty for the art market and the economy at large, we sent out our annual survey to Artsy users to learn about the current behaviors, preferences, and concerns of collectors in 2023. Here, we share our findings, which are informed by the responses of more than 1,200 respondents.
Overall, what we found is a nuanced yet positive picture. The vast majority of collectors we surveyed bought the same amount of art or more than last year. And the use of online tools for buying and discovering art remained consistent in a post-pandemic world.