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Online Art Sales in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Online Art Sales Market Research Report | Online Retail | Online Furniture & Home Furnishings | Mar 2015

Work of art: Rising foreign demand and incomes will drive robust revenue gains

IBISWorld’s Online Art Sales market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Christie’s International Christie’s International  market share
Heritage Auctions Inc. Heritage Auctions Inc. market share
Sotheby's Holdings Inc. Sotheby's Holdings Inc. market share
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 10-15
12.6%
Annual Growth 15-20
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Profit
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Employment
1,206
Businesses
375
Industry Analysis & Industry Trends

Online art sales will continue to grow steadily as consumers increasingly use the internet to bid on art auctions. A low trade-weighted index (the measure of the US dollar against foreign currencies) has boosted demand through an increase in overseas art sales. The market for online art sales will continue to benefit from an affluent and global customer base through the next five years, but the double-digit gains in exports exhibited during the beginning of the 21st century will eventually moderate into more stable growth.... purchase to read more

Industry Report - Industry Analysis Chapter

While the philosophical underpinnings and purpose of art and artistry have been well debated throughout history, one thing appears clear in 2015: online sales of art are blossoming. In general, art represents a commodity targeted toward affluent consumers. Therefore, it remains relatively immune to broad macroeconomic fluctuations. In addition, the nature of the internet and e-commerce facilitates transactions across international boundaries. Online auctions and art dealers have expanded the once physically dependent world of art sales from local galleries to the limitless reaches of cyberspace. Instead of relying on localized communities of connoisseurs, art dealers with brick-and-mortar stores can photograph, post and sell their inventories online to customers around the world... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Online Art Sales Industry?

This industry primarily retails or auctions original and limited-edition artwork. Industry players purchase artwork from artists, individual owners and other dealers for resale or auction to consumers with little or no further development of the product. Sales of reproductions are excluded.

Industry Products
PaintingsDrawingsSculpturesPhotographyOther media
 
Industry Activities
Internet art salesOnline art auctionsOnline art fairsOnline art trade and dealing


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