How Big Is the Online Art Market? Depends Who You Ask The latest report from Hiscox estimates that the online art market hit $3.75 billion in 2016. Eileen Kinsella , April 26, 2017 Is the change-averse art market finally beginning to embrace the internet? The ArtTactic/Hiscox Online Art Trade Report 2017, released this week, describes the online sphere as “a market yet to awaken”. For the fifth year, the analytics company ArtTactic teamed up with the insurance company Hiscox to survey the field. The report is based on responses from 758 art buyers, 132 galleries, and staff from various online art platforms. Despite a relative slowdown in the global art market, the online art market grew by 15 percent, to $3.75 billion, last year, according to Robert Read, head of art and private clients for Hiscox. The online art market’s share of the total art market also grew last year, from 7.4 percent in 2015 to 8.4 percent. While that may seem small, it is roughly equivalent to
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