Art and sculpture market cfcmmmmmmygo  is changing from customary collectibles outlook to an investment outlook and various organizations have begun mutual funds meant for art and sculptures. These mutual funds organizations invest their client's capital for about four years and put capital into purchasing gainful fine arts. These works of art are then sold to acquire generous returns for money invested. Thus augmented attention to art like a substitute investment has expanded the deals in art and sculptures market globally, as the spending power has by and large expanded.

The global market for art and sculpture is estimated to account for a market valuation of close to US$ 24,632.1 Million through the end of the predicted year 2025. The global market will be expanding to reflect a CAGR of 11.8% all through the predicted time frame of 2025.

Market Segmentation

• Based on the product type, the global market is segmented as sculptures and artifacts (decorative art pieces, manuscripts and others). The sculpture product type generates highest market shares as well as is likely to expand considerably over the predicted period. 

• Based on the sales channel, the global market is divided into dealers, auction houses, art fairs, galleries, retail outlets, online sales, artists studios, individual sales and others. The dealers sales channel is sub-divided into online sales, art fairs and galleries, whilst individual sales division is further divided into artist’s studio along with others which include advisors and consumer-to-consumer. The dealer's division is projected for a revenue expansion and the market share is likely to be high over the calculated period.

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• Based on the end user, the overall market is categorized as residential individual buyers, museums (local and international), private collectors, interior designers, real estate developers and other professionals (conservators, restorers and art authenticators). Majority of the regions in the worldly concern are inclined by the U.S. outlook of art and sculpture in addition to this, they are either changing or moving their outlook for art. This has increased the worth of private collectors, in that way encouraging market share of this division.

• Based on the region, the worldwide market is categorized as Europe, Latin America, North America, MEA and APAC. North America is estimated to remain the most attractive region among others over the predicted period. The Europe market is projected to record a sturdy rise in Y-o-Y growth rates all through the predicted period. The region is estimated to increase at a 10.6% CAGR in valuation terms over the predicted period.

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Key Market Players

The major companies functional in the worldwide market for art and sculpture include
• Christie’s
• Sotheby’s
• Phillips Auctioneers LLC
• Bonham's 1793 Limited
• AstaGuru
• Frith sculpture
• China Guardian Auctions Co Ltd.
• WorldArtCommunity
• Sculptured arts studio
• Bid & Hammer
• Pundole’s
• Others

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7 September 2018, The U.S. Online Art And Sculpture Market to reach USD 2.39 billion by 2025, owing to the rise in the number of online platforms, expansion of existing platforms and the growing use of internet for procurement purposes over the forecast period. These days customer prefer to buy art and sculptures online not only to save on the travelling costs and time but also on account of the easy return policies offered by various online platforms. There is a certain ease of discovery for the type of art customers are looking for and they don’t have to wait for a long time to find what exactly they want, they can just search it online. The customers can find collectables and art online which otherwise they cannot discover in a particular gallery or selling space. With the improvement in return request policies, enhanced logistical and supply chain practices, reliable due diligence such as situation reports and licenses of authenticity, and growing transparency is expected to increase the online sales of art and sculptures all over the country.

The U.S. online art and sculpture market is expected to grow significantly owing to the rise in the use of the internet by the shoppers to bid on art auctions online. One of the major reasons is the low trade-weighted index, which is also the measure of the US dollar compared to other foreign currencies, and is anticipated to boost the demand for overseas art sales. The demand for art and sculptures has grown essentially on account of the rise in the awareness of importance to conserve art and major structural transformations which are mainly triggered by online buying and globalization. More and more people these days are interested in obtaining and purchasing artworks despite of high art prices which is expected to drive the growth for the online art and sculpture market. These days with the rise in transparency, the companies disclose all the information required by the customers for art pieces and sculpture such as past prices, artist reports, and the origin and nature of the art work which is increasing the buyers’ confidence while buying art pieces in the online art market.

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The painting segment dominated the market in 2016 and is expected to maintain its position over the forecast period. Paintings are the favorite art piece preferred by the customers to buy as they attract a lot of attention and are difficult to be understood at times. The U.S. customers prefer to buy paintings online as most of the galleries are not well equipped with all the expensive original art work. Most of the art trade happen online or in art fairs on account of the diminishing use of physical space to display paintings. It is easier to showcase and display paintings on an online platform than in an art gallery. There is also a huge number of audience online which gets attracted by the original art works and get tempted to buy them. One of the major advantages of online art purchasing is that it saves a lot of time as well as the travelling cost of the customers and lets them do the purchasing by just clicking a single button owing to which there is a rise in the online sales of the art works by the U.S. customers. It saves a lot of time and energy in their hectic busy routines. The art works are majorly purchased by the domestic as well as foreign customers. The maximum revenue share is generated by the purchasing done by domestic clients such as individuals and small businesses, who are involved in reselling the paintings and sculptures.

Hexa Research has segmented the U.S. online art and sculpture market report based on type and end-customer:

Segmentation by type, 2015 - 2025

• Paintings
• Drawings and sculptures
• Others

Segmentation by end customer, 2015 - 2025

• Foreign customers
• Domestic customers

Key players analyzed:

• FineArtAmerica.com
• Artspace LLC
• Saatchi Art
• Artfinder
• Artsy

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