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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 | 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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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
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Profit
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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 Investment Chapter

IBISWorld analysis reveals the market for online art sales exhibits a high level of capital intensity. High capital intensity stems from the costs involved with developing and maintaining an e-tail web site. Servers, site design and maintenance, security and payment processing systems may be required to provide the desired platform for retailing or auctioning art. Also, databasing systems may be required to track customer and inventory data, while photographic equipment may be used to document and upload pictures of an e-tailer's inventory to the site. While a bare bones firm may be able to shirk many of the expenses related to a more ambitious operation, capital intensity generally reflects the level of business activity expected from investments... 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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