The First Art Newspaper on the Net   Established in 1996 United States Tuesday, July 23, 2019


New report says art dealers with an e-tailing or online auction presence are well-positioned to take advantage
According to IBISWorld estimates, the Online Art Sales industry is worth about $287.5 million in 2011.


LOS ANGELES, CA.- Art dealers with an e-tailing or online auction presence are well-positioned to take advantage of consumers' preference for online shopping, according to a new report from IBISWorld. During the past five years, the ease of e-shopping has grown the E-Commerce and Online Auctions industry at double-digit rates. The growth of this overarching industry is forecast to continue through 2016 on the back of growing consumer spending and increased access through more broadband connections. Mobile apps are anticipated to provide further room for innovation through 2016, with industry leader Christie's paving the way through the development of their iPad app in late 2010. For this reason, industry research firm IBISWorld has added a report on the Online Art Sales industry to its growing Online Furniture & Home Furnishings Report collection.

For more information on the online art sales industry, including latest Industry trends, statistics, analysis and market share information, purchase the full report from IBISWorld, the nation's largest publisher of industry research on the Online Art Sales industry for $825.

Online Art Sales Industry Overview
They say a picture is worth a thousand words. According to IBISWorld estimates, the Online Art Sales industry is worth about $287.5 million in 2011. The market for online art sales has been growing in line with strong demand from overseas markets and increasing access to internet-based retail outlets. Even as brick-and-mortar art dealers experienced declines during the past five years, online-based art sales have stayed strong.

One of the reasons for the strength of the online art market stems from the nature of its customer base. The goods sold though the largest auction houses like Sotheby's and Christies are targeted toward high-end consumers (in some cases, the highest end). As such, demand for these goods tends to remain constant even during times of greater economic turmoil (i.e. the recession). Also, the trade-weighted index, which measures the value of the US dollar relative to foreign currencies, has driven export sales to newly industrialized countries. Consumers in those regions have recently found themselves with greater levels of disposable income, thus providing a financial basis upon which to invest in soft commodities, such as original works of art. Last, online art dealers operate within the larger industrial realm of e-commerce (IBISWorld report 45411a), which has exhibited double-digit growth during the five years to 2011. "Like a rising tide raising all ships, worldwide consumer demand for online shopping has benefitted online art dealers," says McBee, an industry analyst at IBISWorld.





Today's News

January 8, 2012

Amid Dutch dike break fears, Groninger Museum moves two exhibitions from ground floors

Multimillion dollar tax case against China's Ai Weiwei to get review by authorities

Bold, new paintings by German artist Daniel Richter in second solo show at Regen Projects

Neue Berliner Räume opens exhibition that has been staged in a disused factory building

First United Kingdom exhibition of works by Sam Szafran at Faggionato Fine Art

Series of finely executed watercolors by Moshé Elimelech at L2kontemporary

Barbara Sorensen's Topographies exhibition opens at the Orlando Museum of Art

Five works from the collection of Albert Murray on view at DC Moore Gallery

Clark's Fine Art to auction important modern and contemporary artworks with Hollywood connection

Shane McAdams and Christopher Saunders: The Fair And Open Face Of Heaven at Allegra LaViola gallery

New report says art dealers with an e-tailing or online auction presence are well-positioned to take advantage

China's dragon stamp breathes criticism, fear-some people call it too ferocious

United Kingdom government protects site that housed World War II codebreakers

New works of sake-related vessels by twenty artists at Ippodo Gallery

Vegas museum to spotlight mob films

World's largest short film festival calls for entries for Tropfest New York

Bosnian closure-threatened museum gets reprieve

Most Popular Last Seven Days



1.- Original 'Star Wars' creators lift lid on special effects challenges

2.- Lost '$170 million Caravaggio' snapped up before French auction

3.- Mansell's 'Red Five' on pole for Bonhams sale

4.- Impressionism's 'forgotten woman' shines in new Paris show

5.- Sotheby's to auction the best-surviving NASA videotape recordings of the Apollo 11 Moon Landing

6.- Exhibition explores Dutch and Spanish painting of the 16th and 17th centuries

7.- Cyprus discovers 'first undisturbed Roman shipwreck'

8.- Sotheby's unveils 'Treasures from Chatsworth' with Leonardo Da Vinci drawing, Lucian Freud portraits, and more

9.- Infamous botched art restoration in Spain gets makeover

10.- 1958 Gibson Flying V Korina played by Dave Davies to grab center stage in Heritage Auctions' sale



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez


Royalville Communications, Inc
produces:

ignaciovillarreal.org avemariasound.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful