Hiscox Online Art Trade Report 2015
According to the Hiscox Online Art Trade Report 2015, the value of the online art market has risen from $1.57 billion in 2013 to an estimated $2.64 billion in 2014. Based on these figures, online art buying therefore accounts for 4.8%of the estimated $55.2 billion value of the global art market.
The majority of collectors and galleries at the time (71% and 88% respectively) said they bought and sold art regularly on the basis of a digital image (i.e. sight unseen). However, direct e-commercewas less common, with only 29% of the galleries offering their clients the possibility to buy art works directly through the website.
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