Millennials keenest art investors in 2020: UBS survey

clock • 1 min read

A survey by UBS, the Swiss wealth manager, and Art Basel has revealed a big rise in the number of young investors in the art sector. UBS and Art Basel surveyed 360 HNWIs in the UK, US and Hong Kong. 92% of respondents had invested in a piece of art so far this year, 56% of whom spent more than $100,000. 16% invested more  than $1m in a single artwork. Millennials made up 17% of investors spending upwards of $1m. And fully 99% of millennial respondents said they continued to liaise with galleries. The report gave a mixed picture of the art market in 2020, with HNWIs expressing relat...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?


Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.