Thursday, December 3, 2020

Collectors during the Pandemic

by Patricia Frischer

In a set of interviews by Artsy: 19 Collectors on the Art They Bought in 2020 you can get a good cross section from around the world of how art collectors are reacting to the pandemic.

It was heartening to see that this group of collectors is either still collecting, collecting more, or collecting a bit less but investing directly to help artists.

Collectors are doing more virtual studio tours. They are looking outside of their geographical area. They are attending more art fairs as they can see them all instead of having to pick and choose which to attend physically.  They want personal connections.

Staying at home means they have time to look at, re-hang and access their own collections. This is therapeutic for them. They are researching more and filling gaps in their collections.  They are looking at how the artists are reacting to the pandemic…smaller and more introspective works are appreciated. 

As they are continuing to support large institutions, some are particularly supporting programs that support acquisitions by artist in order to help the artist survive. Inclusivity and diversity are terms that are used often when thinking about what donations to make. They are lending works for shows with those types of themes more and more. Some with big hearts and large properties are even opening studio space for artist or programs impacted by the pandemic.  

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