Online Art Market Sales Continue to Grow (Hiscox)

According to the 2016 Hiscox report, online art market sales reached $3.27 billion in 2015, up 24% from 2014. The online art market grew an estimated 24% last year, fuelled by strong growth among a number of online art platforms. Despite increasing economic uncertainty and lower reported art market sales in 2015, it looks like the online art market, which predominantly represents the lower end of the market (classified as being pieces sold for $10,000 or less) is still in rude health, and could prove more resilient to a slowdown than works selling in the mid- to high-end price range. More….

92% of online art buyers expect to buy more or the same amount of art online in the next 12 months.

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