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Wealthy Gen Z collectors are the art market’s biggest spenders, survey finds

The survey found Gen Z collectors spent more on higher-priced works and accounted for nearly half of $1 million-plus purchases.

The latest “Survey of Global Collecting” from Art Basel and UBS also found a growing number of buyers are bypassing dealers and auction houses to purchase directly from artists

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PRESS RELEASE " PROMOTIONAL CONTENTS This year" explores how high-net-worth collectors begin building their collections, highlighting the influence of family, rise in younger generations" buying activity, evolving attitudes towards privacy, and the growing use of digital and AI-enabled tools for researching their purchases ZURICH, Oct. 8, 2026 /PRNewswire/ • The Art Basel and UBS [...] L'articolo The Art Basel and UBS Survey of Global Collecting…

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ADKhabar broke the news on Wednesday, October 7, 2026.
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