Market Share of Online Fine Art Industry
The Online Fine Art Market is highly fragmented, with the presence of major players like Auction Technology Group PLC (thesaleroom.com), Artfinder (ART DISCOVERY LIMITED), Artellite Limited, Saatchi Online, Inc., and Invaluable, LLC. Players in the market are adopting strategies such as partnerships, online auctions, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- September 2023 - Christie's, an art and luxury business, announced hosting an online auction of Prints and Multiples from 13-27 September, featuring editions by 19th- and 20th-century artists. This could demonstrate the significance of prints and multiples within the global online fine art market. It also highlights the importance of online auctions of historical artworks in this category, showcasing the diversity of offerings in the online art market.
- February 2023 - Auction Technology Group, the operator of world-prominent marketplaces for curated online auctions, announced the Acquisition of Vintage Software LL, trading as EstateSales.NET, a leading US estate sales listing site. The Acquisition expands ATG's immediately addressable market into the growing and fragmented US estate sales market, with an estimated gross merchandise value of USD 5 billion in 2022.
Online Fine Art Market Leaders
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Auction Technology Group Plc (thesaleroom.com)
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Artfinder (ART DISCOVERY LIMITED)
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Artellite Limited
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Saatchi Online, Inc.
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Invaluable, LLC
*Disclaimer: Major Players sorted in no particular order
