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Young Collectors

All articles tagged with #young collectors

"The Art Preferences of Asia's Young and Wealthy Collectors"
art-and-culture2 years ago

"The Art Preferences of Asia's Young and Wealthy Collectors"

Wealthy, young collectors in Asia, particularly Gen Zers and millennials, have been driving demand for art, with mainland China being the top contributing region. They are showing a preference for online art auctions and are drawn to a diverse range of art forms, including sculptures, installations, digital art, and prints. The pandemic has accelerated the shift to digital in the art world, with auction houses investing in digital spaces to attract younger buyers who are more digitally savvy and globally connected.

Luxury Watch Demand Remains Strong, According to Audemars Piguet CEO.
business2 years ago

Luxury Watch Demand Remains Strong, According to Audemars Piguet CEO.

The CEO of Audemars Piguet, Francois-Henry Bennahmias, believes that the luxury watch market is well-positioned to avoid a crash as a new generation of young collectors drive demand. The luxury watch market is benefitting from a vast and structural shift to younger buyers, and the demand for watches is outpacing the supply of new inventory. The big challenge for watchmakers is the secondary market, where pre-owned watches can sell on any of the dozens of online watch sites. Despite the frustration among collectors, Bennahmias said many of the price corrections are "healthy" and that the watchmakers prefer customers who are true, long-term watch-lovers rather than speculators trying to pump up prices.