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 Products Chapter
Industry firms sell or auction original and limited edition artworks online. Firms generate revenue from the resale of artwork they have acquired from artists, dealers or collectors or from commission they receive from artists (usually the case for auctions). Additionally, some firms charge for access to their site if visitors want to participate in auctions, online art fairs and other exclusive events.
The industry generates most of its revenue from the sale of paintings that fall into a variety of art classifications, including Contemporary Art, Impressionist Art, Russian Art, Asian Art, Modern Art and Old Master Art (European paintings created prior to 1800). The value of these paintings varies depending on date of origin, fame of the artist and quality... purchase to read more