Are you enthusiastic about buying original and exclusive artwork? Presently, you can buy artwork online that would help you to save your time and even you don’t have to travel to any brick and mortar art gallery. So, simply you go through the artwork knowing the details and you can buy it if you want. In this regards, you first need to know the recent status of the art market that would give you the confidence to go ahead getting the authenticated piece.
Now, here are given the crucial facts knowing which you can easily handle the procedure buying the artworks of your choice within your budget.
Last year online sales jumped to 24% and the total amount increased to $3.27 billion that clearly shows the expansion of online platforms. The sales volume, which was $1.57 billion in 2013, got an immediate hike to $2.62 billion in 2014. This gives you the idea that art market trend online is at its peak now. So, it’s the right time to find some original artwork that would be a big achievement in your life. This even prompted Hiscox, the popular art insurance company to revise the forecast. And they explored a 5% rise that’s really good sign representing the return of the online marketers.
Next, comparing this withgeneral sales volume which got a hike to 27% from 2009-2014 this artwork market online increased to 24% that’s a better figure. On the other hand, Hiscox’s survey is based on public sales figure along with guesstimates of the “main online art and collectible sales platforms”. Hence, it’s considered only as a conformist growth chart having no such connection with reality and original sales figure.
At the same time, a public survey says that online marketers wish to return since 92% are saying they want to buy artwork online in next 12 months. Here, 48% of art lovers are saying they would like to buy more artworks online in next 12 months. 44% said they would be buying the same amount online and last 8% is saying they would buy less, which is a drop by 6% from previous year’s report showing the figure as 14%. And a fewer population of 4% revealed that they are with a plan to more artworks as they bought in 2015. The percentage of new art buyers slightly dropped to 41% from 43%, which indicates the current buyers are trending up forming a chunk of 92%.
The art lovers are thus really excited now waiting for the new pieces, which they can buy online comprehending the real-time effects of the figures mentioned above. The fourth annual report prepared by Hiscox examined data collected by ArtTactic, the famous art market research firm. Alongside, the TEFAF report published in last month also reveals that the cooling for the international art market hasn’t distressed the online sales yet. Rather they are coming out as an all-time high that shows the positive indications.
In this way, the online art market turns out with good trends inspiring buyers to find some new pieces of their choice.