by: published: 19th May 2018
Online sales are the single most rapidly expanding sector of the fine art market. According to a survey in 2014, 71% of recipients had bought art online, sight unseen, and 89% of galleries regularly sell artworks to clients on the basis of a digital image only. Since then, from 2015 to 2017, online art sales have grown at an average of 17% per year.
New Art - The Primary Market
The primary sector of the art market is where newly created works are generally consigned by artists to a gallery or dealer who exhibits them. The gallery acts as an agent, and is remunerated through a commission on sales. It generally bears the cost of the exhibition and sets the prices, taking into account the size and medium of the works and the reputation of the artist. As it is uncommon for artist’s to have a ‘sell out’ show, works are generally held in the stock room and are available for sale after the exhibition while the dealer continues to attract customers, arrange commissions, enter works in art prizes, create publicity, and publish material promoting the artist.
Interest in the visual arts all around the world has exploded over the past 20 years. There are more people collecting art now than at any other period in history, and they are collecting from a wider spectrum of artists and mediums.
Twenty years ago the number of people who went to galleries or auctions and purchased works of art was very small, and, on average, these people spent a lot of money on what they bought e.g. $20,000-50,000. In the last decade the number of people collecting art has grown though, on average, they are spending less.
25th to 29th May 2018
Part road trip, part memoir, part history, part political commentary, The Dealer is the Devil is illuminatingly thought-provoking and provocative. It is an incredibly exciting and fast paced account of the fluctuating fortunes and exponential success of the Aboriginal art movement, with all of the elements one would expect of a complex drama, played out on a national and international stage.
"Every rock, every hill, every water, I know that place backwards and forwards, up and down, inside out. It`s my country and I got names for every place."Queenie McKenzie at Black Fellas Creek, Old Texas, 1995