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Arts and entertainment

Millennial art collectors spend six times more than boomers in positive trend for business

March 6, 2020

Millennials art buyers are on the rise per the latest Art Basel and UBS Global Art Market Report 2020. Image credit: Art Basel Millennials art buyers are on the rise, per the latest Art Basel and UBS Global Art Market Report 2020. Image credit: Art Basel

 

By Dianna Dilworth

Millennial art buyers are the most active demographic buying art, averaging $3 million over two years and more than six times that of boomers.

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  1. Preparing to reignite your luxury business post-pandemic
  2. Fashion sites show slow signs of life after March drop-off
  3. Luxury executives expect shutdowns to go on for months
  4. Kering’s Pomellato, DoDo jewelry brands, with $109K donation, take stand against domestic abuse in housebound Italy
  5. Moët Hennessy brands marshal forces to help medical personnel swamped by COVID-19 cases
  6. Bloomingdale’s parent Macy’s teeters on edge, furloughs almost all employees
  7. Neiman Marcus Group, ravaged by COVID-19 lockdown, to furlough or cut salaries of most employees
  8. Marketing during the economic downturn
  9. Consumer behavior, Cunard, Seabourn, Tom Ford and La Perla
  10. Jaguar Land Rover deploys fleet of cars to support emergency responders worldwide
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