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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 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
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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 Key Buyers Chapter

IBISWorld analysis reveals that the market for online art sales exhibits a medium level of concentration. The top three firms collectively hold an estimated 61.7% of the overall market for online art sales, with Christie's International accounting for the vast majority of that sum. The major companies in this industry are established auction houses that made a foray into the world of e-commerce during the past decade. These firms are the exception to the industry's norm of small-scale, niche, owner-operated businesses. As the industry remains in a phase of strong growth, concentration will likely decrease somewhat as the entry of new businesses dilutes the market share of the current major companies... 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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