The Broad in Los Angeles

Study Tells of Explosion of Private Museums Globally Since 2000

According to a report by Alexandra Seno in the Art Newspaper, a new study from the Private Art Museum Report indicates that there are 317 “privately funded contemporary art museums” around the world, with a fifth of them having opened in just the past five years. Seventy percent of these museums were founded after 2000, and South Korea leads with the highest number of private art museums in the world. That country has forty-five such institutions, including thirteen in Seoul alone. The United States ranked second with forty-three, followed by Germany with forty-two, China at twenty-six, Italy with nineteen, and Japan at eleven. The cities with the most private museums next to Seoul are Beijing and Berlin with nine each.

The Private Art Museum Report is an international research project founded by the art collector database Larry’s List and Art Market Monitor of Artron. The survey authors collaborated with 166 private museums from more than forty countries, conducting interviews with collectors and sending a questionnaire to the 317 private museums identified in the report.

The report also predicts that China and the Middle East will be opening more private museums in coming years.