Curated Consignments, Bespoke Services and More: E-Commerce Platforms Demystified
Slowly, the online art market is expanding and converting naysayers who formerly refused to make digital purchases. Back in May, The New York Times reported that online art sales still account for less than 10% of the total market, though they’ve increased 15% since 2015. If the numbers are clear, the underlying processes are more nebulous. Though it’s easy to type in a web address and see an image of an artwork, it’s more difficult to see the history attached to the piece and how that consignment came about. Online transactions can feel impersonal, particularly compared to the intimate interactions that gallerists and collectors typically enjoy: there’s no back viewing room, no sitting down and having a coffee with the seller. To demystify the online art buying experience, we spoke with a few representatives from online auction sites and online galleries to get more details.
Interview of the Month with Barnebys
The Clarion List continues our series of interviews with leading art companies. Whether you are learning about these companies for the first time or are already familiar with their services, we hope this series helps shed insight into each’s distinct niche and makes the art services market in general more transparent.
Commentary: We are experiencing a new Renaissance. Here is why.
By Daria Pletneva, Creative Director, ARTI.NYC They say the history is cyclic. Apparently, the history of art too. Today's "contemporary" is so much different from "post-war contemporary," and it is becoming harder to explain what period are you referring to. Isn't it time for the new term? "Modern" correlates to the pre-war 20th century period even tough the word itself means nothing but up-to-date, yet "contemporary" term applies to an increasingly large span of time since WWII. The name we use at the gallery for our convenience for today's art is "UX art," where UX stands for User Experience. So why is UX art is the new Renaissance? The first characteristic of the bright end of the Medieval age is the inseparable connection of art with flourishing science which is we see occurring again anew in 2017. Artists embrace the newest technologies creating immersive art experiences across the digital platforms, using the digital tools. In the contemporary period directly after WWII, art aspired to simplicity. H...
Why the ‘Uber effect’ is proving elusive for online platforms
The Art Newspaper is the journal of record for the visual arts world, covering international news and events. Based in London and New York, the English-language publication is part of a network of titles founded by Umberto Allemandi with editions in Italian, French, Russian, Chinese and Greek.
Present Technologies Benefiting the Art Market: Our Year-End Editorial
By Jessica Paindiris, CEO + Co-Founder, The Clarion List Last year, I set out to use technology to solve an age-old problem in the art market: lack of transparency and access. I launched The Clarion List by taking a proven tech-backed business model—an online, searchable, sortable directory with ratings and reviews—and applied it to an industry that previously relied on word of mouth between the connected few or else various partial, disconnected, typically alphabetical, often outdated lists when it came to sourcing art companies. After all, technology enables unprecedented, efficient information sharing between people, companies and media outlets globally, so why wasn’t the art world taking advantage of this, especially given that art companies can so greatly affect the value of art or the cost of a transaction? Perhaps a big reason is because art market players (dealers, auction houses, framers, conservators, etc.) have been thriving for hundreds of years without technology, and sometimes it’s difficult ...
Online Art Dealers — A Practical Overview of The Fast-Growing Hunting Ground for Collectors
We download music and electronic books every day. Order groceries, housewares, clothes, and office supplies from online sales outlets without a second thought. But is it possible to find the next addition to your art collection on a website? Yes. The online art market is growing and it is enabling collectors to discover emerging artists from around the world. Some online art sales sites work in conjunction with brick & mortar galleries, while others act as virtual shops in the growing international art marketplace. Is the Online Market for Real? Bruce Grimes Founder of Subculture Collective , goes straight to the stats to support his perception of both the growth of sales and the increased comfort level associated with buying art via the Internet. “The art market is facing a major change right now. The traditional belief that art is just for the select few is a thing of the past. If you look at reports published by TEFAF, Hiscox or Deloitte you can see a clear trend indicating that art buye...
Art Market Cooling, But Online Sales Booming
The art market is changing, and social media has become the primary way consumers discover art, according to a study commissioned by Invaluable. The survey found that nearly a quarter (22.7%) of art buyers find new works of art via social media, which edged out museums (20%) and galleries (15.9%) as buyers’ primary source of discovery. Millennials are leading this change, with 44.3% of young millennials (ages 18–24) and 33.8% of older millennials (ages 25–34) saying they discover art on social media. Millennials are also increasingly buying art online, viewing the purchasing of art as both a long-term investment and a unique experience.
An App That Pushes Aside the Art World Curtain
Using digital-recognition technology, a new mobile app called Magnus promises to instantly provide auction and gallery prices for pieces of art.
Going once, going twice... A Report Card for Online Auctions
EVERYONE seems to agree that online auctions are important to the art world's future. In 2013 Daniel Loeb, an activist investor, seethed over Sotheby's "inability to even develop a coherent plan for an internet-sales strategy, much less implement one." Sotheby's has worked to remedy that, for example by joining forces with eBay and holding five online-only auctions last year.