Online art market defies global slowdown with 24% growth

THE ART NEWSPAPER | Anny Shaw:

Bucking the downward trend in the wider art market, which last year saw a decline in reported sales, the online art market grew by 24% to $3.27bn, according to a study released by Hiscox fine art insurers on 19 April. Given that the majority of online art transactions still take place at $10,000 or less, the report suggests the lower end of the art market has been less affected by the global slowdown than the top and middle tiers… Read more

Image: According to the Hiscox report, the online art market grew by 24% to $3.27bn in 2015

2018-10-23T18:14:56+00:00