More Millennials are buying art, and they’re changing the old-school industry.

More Millennials are buying art, and they’re changing the old-school industry. According to the U.S. Trust, Millennials make up 8% of all art buyers and are the fastest-growing demo. But it should come as no surprise that the digitally-savvy generation is taking buying out of the auction room. One auction house exec said, “Now a full auction room might only be 50 people in the room, but you might have 500 to 600 people participating on the phone or on the computer.” He also noted their (also unsurprising) preference for minimalist pieces. (Bostinno)