Larry’s List Art Collector Report 2014
The first “Larry’s List Art Collector Report” will launch in spring 2014. As the largest and most in-depth study of global art collectors ever conducted, this 60-page report will give deep insight into and reveal unique findings about the art collector world. The results are based on a set of more than 3,000 art collector profiles from 70 nations, compiled by a group of nerds who researched across more than 27,000 sources. There is simply nothing comparable.
Find a sneak preview into the art collector report below.
Top 10 Artists
The Top 10 Global Artists Ranking lists artists that can be found in private collections around the globe. The list details the most frequent collected artists worldwide. Unsurprisingly, Andy Warhol is top of the list, followed by many other prominent names such as Pablo Picasso, Damien Hirst and Gerhard Richter.
In comparing our ranking to an existing ranking system, which ranks artists according to their value and price level, there are several matching entries. Interestingly, the previous rankings do not place Damien Hirst within the Top 10 artists (ranked by value)does not make it into the Top 10 artists ranking (by value) – although he seems to be a favourite among collectors. Furthermore, Joan Miro and Roy Lichtenstein are surprisingly famous and sought after by worldwide collectors, however, are not to be found in the Top 50 rankings by value.
Age and Gender Breakdown
The global age breakdown divides art collectors into age groups. There may be no such thing as an “average” art collector, but 82% are over the age of 45. The average age is 59. Interestingly, 71% are male. Young art collectors are in the vast minority. Only 2% are under 31 and 18% are 45 or younger – this is fewer than one in five.
There are a lot of similarities between our report and HNWI studies that already exist. In existent HNWI studies, 83% of the world’s HNWI are over the age of 45, compared to 82% in our study, while only 17% are under 45 (18% in our study). 73% are male, closely matching to 71% in our case.
Privately owned museums
Private art collectors worldwide open their collections to public. We see that globally 12% of art collectors have a publicly accessible collection. There are more than 400 public collections in 45 countries – some large, some small, some known and others yet undiscovered.
Comparing on a country level it becomes very obvious that the US leads the ranking with 73 publicly accessible collections, Germany follows with 50. The top five countries make up only 50% of the market with the remaining publicly accessible collections spread over 40 countries.
Our data and analyses are generated by the most comprehensive global research ever done on private art collections – using search engines, archives, publications and data bases from Argentina to Malaysia, from London to Tel Aviv, searching in over 20 languages. All data and analyses displayed are based on publicly accessible data.