Opera Gallery at Masterpiece London 2019. Photograph by Ben Fisher. Courtesy of Masterpiece London
In his second column for LUX, art collector, advisor and chairman of Masterpiece London Philip Hewat-Jaboor discusses how art institutions are engaging a new generation of collectors and dealers
Philip Hewat-Jaboor. Photograph by Danny Evans
I?m often asked why we’re seeing a new generation of collectors and dealers entering the art market, and I think the impact of the past year has both accelerated this growth and brought into perspective how important it is for the art world to engage, nurture and support the young.
This past year all involved in the art world – museums, galleries, dealers and auctioneers – have had to evolve and come up with increasingly sophisticated ways to draw in new audiences. The move to online platforms has drawn in younger buyers who are digitally native and the process of buying art has become almost instantaneous, without any of the perceived barriers of a gallery or auction house. According to this year?s Art Basel and UBS Global Art Market Report, high-net-worth millennials are now the fastest-growing group of collectors. Follow LUX on Instagram: luxthemagazine
In my opinion, one of the greatest changes we?ve seen over the past 20 years (and certainly since I first started working in the art world), is how knowledge and experience is communicated and shared. There has been a shift towards collaboration and discussion in art w...