1. Wealth & Allocations to Art

HNWIs continued to allocate a substantial proportion of their wealth to their collections. In 2025, collectors allocated an average of 20% of their wealth to art, up from 15% in 2024. Allocations rose with wealth: UHNWIs with over $50 million in assets averaged 28%. Allocations also rose with time spent collecting: 16% for two years or less, rising to 24% for more than 20 years. Gen Z collectors also reported higher-than-average allocations, at 26%.

Inheritance was important for collections, with 84% of the HNWIs surveyed having inherited artworks, accounting for almost 30% of the works they owned. Almost 90% of Gen Z collectors who inherited works kept them, underlining the importance of family traditions in building collections. Overall, around 80% plan to pass their collections to their children or partners in the future and 70% hope to donate works to museums or charities.