{"id":21402,"date":"2017-09-26T13:33:50","date_gmt":"2017-09-26T13:33:50","guid":{"rendered":"http:\/\/artzealous.com\/?p=21402"},"modified":"2018-05-13T19:20:57","modified_gmt":"2018-05-13T19:20:57","slug":"young-art-collectors-series-an-interview-with-gallerist-and-filmmaker-scott-ogden","status":"publish","type":"post","link":"https:\/\/artzealous.com\/young-art-collectors-series-an-interview-with-gallerist-and-filmmaker-scott-ogden\/","title":{"rendered":"Young Art Collectors Series: An Interview With Gallerist and Filmmaker Scott Ogden"},"content":{"rendered":"
While older generations debate whether millennials\u00a0are spending too much money on avocado toast<\/a>, we at Art Zealous wonder: are young people spending <\/span>enough<\/span><\/i> money on art? As the callous facade of the art-dealing world fades and an influx of diverse sales platforms broadens the market, the idea of becoming an art collector is now more within reach for younger generations than ever before.<\/span><\/p>\n <\/p>\n The growing demand for an online art market and the subsequent rise of online auction houses and artistic social media accounts has resulted in an online art industry valued at <\/span>$3.75 billion<\/span><\/a>, a number that is expected to triple by 2021. Surprisingly, however, these sales account for less than 10% of an estimated $45 billion in global auction and private sales. However small this market may seem, it represents the purchases of an important demographic for the future of art trading: millennial collectors. Much of the current concern of the art world, including that of large auction houses like Sotheby\u2019s<\/a> and Christie\u2019s<\/a>, is shaping not just the online market but the overall art industry to appeal to young, up-and-coming collectors.<\/span><\/p>\n <\/p>\n What exactly appeals to the younger generations of art collectors, and why are they buying the art they\u2019re buying? To get the facts straight from the source, we interviewed a premiere gallerist, an executive at New Art Dealers Alliance<\/a>, and a specialist from Christie\u2019s<\/a> whose personal experiences shed light on what it takes to be a young art collector.<\/p>\n <\/p>\n