The world’s wealthiest are spending increasing amounts of money on art. Yet collectors moved by passion still exist.

Visitors walking next to the artwork Pumpkin by Japanese artist Yayoi Kusama, exhibited at the International Contemporary Art Fair (FIAC) in the Grand Palais in Paris in October. The FIAC is one of the major stops for contemporary art collectors.

Recent international auctions have brought record amounts for contemporary works and fuelled speculation. But collectors moved by passion still exist.

Why do people buy contemporary art? This is not such an obvious question to ask as the art world pauses for breath between the frenzy of the Frieze fair in London and the FIAC in Paris, which both created a buzz in October, and the recent New York auctions. .