This is something that pops up on my mind once a while when I browse around the web for art and desktop wallpaper, since I tend to see JPG and PNG as the common formats. I just had to ask to get it off my mind, hopefully I've posted in the correct stackexchange domain.
I'm sure many computer users who are aware that PNG is a lossless computer image format (doesn't lose quality) while JPG is a lossy format (losses quality).
After researching. I've found that PNG has been out since 1995 and the size of computer storage has drastically increased since then. Even if image resolution and file size increases, I'm sure anyone can store over 100,000+ PNG images on a single hard drive today.
Personally when I look for art. I make sure I get the highest resolution available as a PNG. I'm aware converting from JPG to PNG will still have the lossy image detail from being a JPG.