Published: 15th August 2018
No. Pages: 29
Report Type: Top Collectors
This list offers a comprehensive guide to the top collectors, with many being based in more than one location, which aims to provide readers with details of the collector’s biography, an analysis of their collections and collecting habits, as well as their contributions to both the international and US art markets. As such, it provides a rich and densely packed catalogue that represents the perfect companion guide to those seeking to understand the market.
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This concise report, the first of three parts, provides a valuable insight into the American art market, offering:
The United States (US) currently dominates the global art market. As demonstrated by the 2018 report conducted by Art Basel/UBS, the US boasts a 42% growth within the international art market, with an estimated $150 billion spent on art.
The US is renowned for its entrepreneurial style of collecting and emphasis on philanthropy, for many American collectors, like Agnes Gund, donate generously to organisations and emerging artists and even head multiple institutional boards and charities. Others, such as Michael Chow, have garnered celebrity status’s through their art collections and additional ventures.
American artists are amongst the most attractive to collectors globally, appearing in 40% of collections worldwide. Prominent artists who appear repeatedly in American collections are Duchamp, Koons, Basquiat, Warhol, Sherman, De Kooning and Pollock.
This list will be released in three parts, the first looking at a group of 100 collectors who are predominantly based on the East Coast of America. While collectors are widely spread across the US, New York is the home of the most art collectors in the world: 34% of collectors within the US, and 25% globally. Amongst the most prominent collectors featured on the list are Alexandra and Steven Cohen, who have donated millions to art institutions including the Guggenheim, MoMA, and the Metropolitan Museum of Modern Art, and Edwards J. and Julie Minskoff, who own the largest collection of Koons’ in the world.