According to a 2022 global survey of high net worth (HNW) collectors, nearly all respondents were willing to pay up to five percent more for sustainable options when purchasing art. Meanwhile, 86 percent of the sample reported being prone to spend up to 10 percent more when buying art in 2022, denoting an increase of 18 percentage points compared to 2019.
Share of high net worth (HNW) collectors willing to pay a premium for sustainable options when purchasing art worldwide in 2019 and 2022
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Art Basel, & UBS. (November 3, 2022). Share of high net worth (HNW) collectors willing to pay a premium for sustainable options when purchasing art worldwide in 2019 and 2022 [Graph]. In Statista. Retrieved May 13, 2024, from https://www.statista.com/statistics/1350013/hnw-collectors-willing-pay-extra-sustainable-options-worldwide/
Art Basel, und UBS. "Share of high net worth (HNW) collectors willing to pay a premium for sustainable options when purchasing art worldwide in 2019 and 2022." Chart. November 3, 2022. Statista. Accessed May 13, 2024. https://www.statista.com/statistics/1350013/hnw-collectors-willing-pay-extra-sustainable-options-worldwide/
Art Basel, UBS. (2022). Share of high net worth (HNW) collectors willing to pay a premium for sustainable options when purchasing art worldwide in 2019 and 2022. Statista. Statista Inc.. Accessed: May 13, 2024. https://www.statista.com/statistics/1350013/hnw-collectors-willing-pay-extra-sustainable-options-worldwide/
Art Basel, and UBS. "Share of High Net worth (Hnw) Collectors Willing to Pay a Premium for Sustainable Options When Purchasing Art Worldwide in 2019 and 2022." Statista, Statista Inc., 3 Nov 2022, https://www.statista.com/statistics/1350013/hnw-collectors-willing-pay-extra-sustainable-options-worldwide/
Art Basel & UBS, Share of high net worth (HNW) collectors willing to pay a premium for sustainable options when purchasing art worldwide in 2019 and 2022 Statista, https://www.statista.com/statistics/1350013/hnw-collectors-willing-pay-extra-sustainable-options-worldwide/ (last visited May 13, 2024)
Share of high net worth (HNW) collectors willing to pay a premium for sustainable options when purchasing art worldwide in 2019 and 2022 [Graph], Art Basel, & UBS, November 3, 2022. [Online]. Available: https://www.statista.com/statistics/1350013/hnw-collectors-willing-pay-extra-sustainable-options-worldwide/