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Released today: 2017 Hiscox Art Trade Report
Mat Collishaw, Insecticide.


LONDON.- The fifth annual Hiscox Online Art Trade Report, published today, shows that the online art market is still growing – despite increasing competition amongst online platforms, and with further consolidation inevitable. Based on the current growth trajectory, the report predicts that the value of the online art market could reach $9.14 billion by 2022.

Robert Read, Head of Art and Private Clients at Hiscox, commented: “The online art market has continued to grow despite the backdrop of a slowing global art market. Established global brands such as Sotheby’s and Christies are starting to dominate The Hiscox Online Art Sales Platform Ranking and appear to be getting to grips with the challenge of transforming a bricks and mortar business into a multimedia business.

“Dealers continue to struggle online, though maybe they are making enough elsewhere. None of us know for sure in the gloriously opaque art market, but my bet is that the temptation to bury your head in the sand when you are not tech savvy is all too tempting.

“I have talked many times about the long-awaited consolidation in the online art market, which is still yet to happen – with the notable exception of the marriage and subsequent separation of Paddle 8 and Auctionata. We all know that consolidation will happen – even our survey of those managing the online platforms show that a massive 86% expect more consolidation. What we don’t know is when, and who is going to end up on top.”

To find out more, read the full report at https://www.hiscox.co.uk/online-art-trade-report/.





Today's News

April 26, 2017

Canvas credited to Diego Velazquez sold for 8 million euros at Abalarte in Madrid

Egon Schiele's first masterpiece to lead Sotheby's Impressionist & Modern Art Evening Sale in New York

Gallery 19C presents an important Gérôme catalogue

Rediscovered Alberto Giacometti painting to be sold at Koller Auctions

Pei, creator of Louvre pyramid, reaches his century

Exhibition at Charles Riva Collection brings together works from Frank Stella's famous "Polish Village" series

Christie's Latin American spring season features works by Modern and Contemporary masters

High Museum receives 54 artworks from Souls Grown Deep Foundation

NYU's Grey Art Gallery opens exhibition of works by Mark Mothersbaugh

Next at Newcomb Museum: Contemporary art from Puerto Rico

Hot property: Kaspar Sonne is firing up buyer interest and could be the next big thing says Barnebys

DHC/ART Foundation for Contemporary Art presents Ed Atkins' first exhibition in Canada

Exhibition offers an alternative perspective on early twentieth century Ukrainian avant-garde practices

Ketterer Kunst to offer the collection of a Southern German art lover

Nation of Islam archive, Elijah Muhammad personal items offered at Heritage Auctions

Dreweatts & Bloomsbury Auctions to offer selected contents from Abbotswood, Gloucestershire

Celebrated silversmith Paul Storr wine coolers top Fine Silver and Vertu Auction

Released today: 2017 Hiscox Art Trade Report

May the ore be with you: Japan sells gold Darth Vader mask

Heather Gaudio Fine Art opens mixed-media exhibition of works by a group of women artists

200 globally renowned galleries from 28 countries gather at Art Cologne

Phillips names Julia Roxana Heinen as Regional Director for Switzerland

One of the most important Subaru rally cars ever made on offer with H&H Classics

John Gielgud's Tony Award for Ages of Man to be auctioned

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5.- Rare Edouard Cortes painting appears at Rehs Galleries after 114 years

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7.- Academy Art Museum offers only East Coast Richard Diebenkorn exhibition

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10.- Sotheby's welcomes visitors to their newly-expanded & reimagined galleries



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