In The Next Decade There Will Be A Massive Transfer Of Wealth Between Generations. What Will This Mean To Art?

There was a cultural difference between pre-boomer collectors, motivated by “connoisseurship and aesthetic appreciation,” and subsequent generations, who had “more of an awareness of the financial component of art.” As a result, boomer collectors have been less inclined to donate art to museums, either public or private, and lose a leverageable asset. – The New York Times