The Littlest Collectors

The $6 billion-plus global art market has more than doubled in four years, thanks to the growing number of wealthy patrons and an influx of new collectors from Russia and Asia. Now, children are emerging as one more niche. Collectors such as Bil Ehrlich, a New York real-estate developer, and Peter Brant, a Los Angeles-based film producer and magazine publisher, pay for their kids to collect works from name-brand artists.