Over 75 Percent of Collectors Want to Pass Their Holdings on to the Next Generation, Report Says

As museums continue to court young art patrons and auction houses scramble to find consignors willing to part with top work for marquee evening sales, a new study from Bank of America Private Bank provides new insights into the strategies of art collectors young and old. The report, the Bank’s biennial study of wealthy Americans, found that only 6 percent of collectors 44 years of age or older said it was “very likely” they would sell a work from their art collections in the ne