Hiscox online art trade report 2021 part one
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| 245 | 1 | 0 | $aHiscox online art trade report 2021$bpart one |
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| 520 | $aThe online art market has stormed ahead in the last 18 months and could treble in size compared to online sales in 2019. It is likely to represent nearly 25% of the overall market by the end of 2021. Buyers and sellers have both got used to trading online and whatused to be a brave new frontier in the art market is now business as usual. Darwin would indeed be proud of the way we have all adapted. It has also been Good for the soul to see the art world physically opening up again and it was important that the first major art fair in Basel was a success. The online art market will never fully replace the physical market but it will continue to grow until it reaches what we all hope will be a happy point of equilibrium. The other big and certainly for me, totally unexpected, event that has exploded into view are NFTs. Activity has been up and down like a yo-yo but what is undeniable is that they are attracting a new breed ofcollector/speculator to the market and are here to stay. It Will undoubtedly create a bubble in the short term and we can expect a few to make a fortune whilst many will end up shedding a tear before the NFT market settles down and becomes part of the mainstream. In the meantime, I hope you enjoy the report. | ||
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