SEARCH   
MEMBER LOGIN    

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 | Jul 2013

A work of art: Strong industry revenue gains will continue to be driven by foreign demand

IBISWorld’s Online Art Sales market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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
$835m
Annual Growth 08-13
11.6%
Annual Growth 13-18
Purchase to read more
Profit
Purchase to read more
Employment
1,034
Businesses
339
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 ins and outs of art and artistry have been well debated throughout history, one thing appears clear in 2013: online sales of art are strong. In general, art represents a commodity targeted toward affluent consumers. Therefore, it remains somewhat immune to recessionary conditions. 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


View Sample
Quote
Select Clients