It’s been two years since the first Hiscox Online Art Trade Report was published and much has changed. The online art market has gathered pace and has now established some meaningful foundations.
The figures speak for themselves. The evolution of online art sales mean that the value of the global online art market has risen from just under $1 billion in 2013 to an estimated $2.64 billion this year. Based on that growth trajectory, we estimate it to be worth $6.3 billion in 2019; no mean feat. Art buying patterns and motives are changing: almost half of this year’s respondents said they had bought art online in the last 12 months, up from 38% last year, and investment return is a growing motivation with art seen as an increasingly tradable asset online.
Download and read the full report below: