Online art hits record high

Buying art online has hit a new high, with a year-on-year increase of 145% for this year’s first quarter.

Artfinder, the online art marketplace that represents artists such as painter and printmaker Hannah Forward (pictured), said January to March had been the best quarter in its eight-year history. Artfiner is also pledged to planting a tree for every artwork sold and has now planted 50,000.

The Art Basel Report, published in March, said that in 2020 global online art sales have doubled toa value of $12.4bn.

‘As many other sectors, the art world as a whole was incredibly hard-hit by Covid to begin with, with so many of the physical art fairs unable to take place and galleries having to close” said Artfinder’s CEO Michal Szczesny. “But it has done an incredible job of embracing online and it’s great to see online art sales growing across the board, despite a tough year for the art sector as a whole.”

Clare McAndrew, author of the Art Basel Report, added: “The art market was uniquely placed to struggle with the realities of the Covid-19 pandemic in 2020 as it is populated by mainly small businesses that rely on discretionary purchasing, travel and personal contact”.

Print Email

Patreon message

If you enjoy what we do at Arts Industry and want to show your support, why not become a Patron? A small amount each month will help us keep doing what we do and improve our website.