Online Art Sales
The Online Art Sales industry is expected to grow substantially over the five years to 2018. The global value of online art sales was expected to increase dramatically according to the European Fine Art Foundation; this growth rate is indicative of the decision by major auction houses to build online portals and offer online-only sales starting in 2013. Furthermore, an influx in the number of online market places connecting artists and their work to dealers, galleries and individual consumers has led to greater sales volumes during the period. Over the five years to 2023, industry revenue is expected to continue increasing, albeit at a slower rate when compared with the current period. Projected revenue growth during the outlook period can be attributed to increasing sales volumes and evolving technological advancements.
This industry primarily retails or auctions original and limited-edition artwork. Industry players include marketplaces, auction houses, art dealers, galleries and independent artists who sell artwork through e-commerce channels.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook