360° Coverage : Challenges Of Buying And Selling Art Online

1 Updates
Challenges Of Buying And Selling Art Online
Photo Credit: Forbes Business

Challenges Of Buying And Selling Art Online

Dec 23 2013, 9:08pm CST | by

In a new ArtTactic podcast, Sean Moriaty, the new CEO of Saatchi Online, talks about the challenges facing the ever increasing number of e-commerce platforms selling art. One rather obvious...

Filed under: news

 
 
 

35 weeks ago

Challenges Of Buying And Selling Art Online

Dec 23 2013, 9:08pm CST | by

In a new ArtTactic podcast, Sean Moriaty, the new CEO of Saatchi Online, talks about the challenges facing the ever increasing number of e-commerce platforms selling art. One rather obvious challenge is the relatively low percentage of global art sales that are conducted this way today:

“People estimate that less than 10% of transactions in the art world are done online, but in the same breath, people talk about how the majority of people, even in gallery scenarios, are buying art that they’ve actually seen in the form of a jpeg sent in an email from the gallerist. Much of the marketing and demand generation, so to speak, is already electronic.”

He believes that as customers get more comfortable purchasing physical items online that are delivered from all over the world, the amount of actual electronic sales should pick up, particularly as the technology and methods of access (via desktop computers, but also through tablets and smartphones) improve. 

It will be interesting to see if he’s right. Moriaty has only just joined the company, but is still pretty well positioned to comment, given that Saatchi Online was one of the art e-commerce pioneers, so has survived in the increasingly competitive online art market for a lot longer than most. The platform has sold the work of emerging artists since 2006, years before most online art platforms were born, and 25,000 artists are currently selling work directly on the site.

It certainly attracts a broad swathe of global buyers and sellers. Moriaty says that in the last six months, Saatchi Online has sold art from artists in over 100 countries to buyers in over 80 countries.

Follow me on Twitter or find me on Facebook.

Source: Forbes Business

 
Update
1

18 hours ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

13 die of Ebola in DRC
Kinshasa, Aug 29 (IANS) A total of 13 people, including five doctors, died of Ebola virus disease in the Democratic Republic of Congo (DRC), the country's Minister of Public Health Felix Kabange told Xinhua Friday.
 
 
How birds learnt to fly
New York, Aug 29 (IANS) Birds have an innate ability to maneuver in mid-air, a talent that could have helped their ancestors learn to fly rather than fall from a perch, says a study.
 
 
Millions of mites crawling on your face right now!
New York, Aug 29 (IANS) Are you aware that your face is brimming with living mites that feed on the oil our skin secretes and hide in tiny hair follicles? And no, they are not pooping on you as they store up all the excreta until they die!
 
 
New tool maps how drug abuse affects brain
Washington, Aug 29 (IANS) In a first, researchers have developed a laser-based imaging tool to map how drug abuse disrupts blood flow to the brain.
 
 
 

Latest from the Network

Britain raises terror threat level
London, Aug 29 (IANS) British Home Secretary Theresa May Friday announced that Britain's Joint Terrorism Analysis Centre (JTAC) has changed the country's threat level from international terrorism from "substantial" to...
Read more on Politics Balla
 
Jason Segel: mum hated my nude scene
Jason Segel's mum hated his nude scene in 'Forgetting Sarah Marshall'. The 34-year-old actor has revealed that his mother failed to laugh when she first watched the scene where Jason gets naked in front of co-star...
Read more on Movie Balla
 
Filming resumes for Star Wars Episode VII
Filming for 'Star Wars Episode VII' has resumed following Harrison Ford's recovery from injury. The Hollywood icon suffered an accident on set earlier this month, which meant he had to undergo surgery on his leg and led...
Read more on Movie Balla
 
India seeks Kuwait's help over arrested Indians
New Delhi, Aug 29 (IANS) India has sought Kuwait's assistance over the arrest of some Indian nationals following a brawl in that Gulf nation. "I understand that there was a brawl with nationals of some other countries...
Read more on Politics Balla
 
Sindhu in semis at Worlds, Saina ousted (Roundup)
Copenhagen, Aug 29 (IANS) Though Saina Nehwal's campaign once again came to an end in the women's singles quarter-finals, compatriot P.V. Sindhu kept the tricolour flying high and created history by reaching the semi-...
Read more on Sport Balla
 
No facts to substantiate accusations against Russia: Lavrov
Moscow, Aug 29 (IANS/ITAR -TASS) Russian Foreign Minister Sergei Lavrov Friday said accusations against Russia of invading Ukraine have been voiced repeatedly but the US and European countries have failed to...
Read more on Politics Balla
 
Two arrested for Indian man's murder in Singapore
Singapore, Aug 29 (IANS) Two suspects have been arrested in connection with the death of a 26-year-old Indian-origin technician in Singapore's Pandan Loop area, police said Friday. Murugaiya Suresh Kumar was found...
Read more on Politics Balla
 
Britney Spears talks 'sh***y day' after split
Britney Spears has opened up about her ''sh***y day'' following her split from David Lucado. The 32-year-old pop star, who is thought to have dumped her boyfriend yesterday (08.28.14) after a video emerged of him...
Read more on Celebrity Balla
 
Justin Bieber takes Selena Gomez horseback riding
Justin Bieber took Selena Gomez horseback riding in Canada on Wednesday (08.27.14). The 20-year-old pop star - who rekindled his romance with the singer a few weeks ago - proved that their relationship was back on track...
Read more on Celebrity Balla
 
Olivia Palermo to have second wedding ceremony
Olivia Palermo is planning to have a second wedding. The 28-year-old beauty tied the knot with Johannes Huebl in front of their family and two friends at a quiet park in Bedford, New York, in June and now the couple are...
Read more on Celebrity Balla