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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 SWOT Analysis Chapter

IBISWorld analysis reveals that the market for online art sales remains in the growth stage of its life cycle. Reasons include the growth of the industry's value added (IVA), which measures its contribution to the economy, versus US GDP, the rate at which businesses are expected to enter the market, and the rapid pace of technological change. In general, the overall E-Commerce and Online Auctions industry, of which art e-tailers are a part, has exhibited strong growth and is forecast to continue excelling.

IVA for online art sales is forecast to increase at an annualized rate of 8.9% during the 10 years to 2018. Meanwhile, US GDP growth is forecast to increase only 2.1% each year on average during the same period... 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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