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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 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
$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 Locations Chapter

This industry's establishments are spread around the United States in line with the distribution of the population. The majority of players in this industry have businesses in the Southeast, West and the Mid-Atlantic: 21.8%, 19.8% and 20.2%, respectively. These regions have the highest share of populations in the United States; in aggregate, they represent 58.0% of the population. In addition, the Southeast, West and the Mid-Atlantic regions employ the highest number of workers and provide the highest wages. New York houses the greatest number of industry businesses, with 13.5. Notably, New York is the center for art dealers, and holds the Sotheby's and Christie's auction houses... 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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