Hiscox Online Art Trade Report

July 7 2020

Image of Hiscox Online Art Trade Report

Picture: Hiscox

Posted by Adam Busiakiewicz:

The insurance company Hiscox have published their 2020 Art Trade Report online. The report is completely free to read.

Amongst their key findings are the following:

- Online art and collectible sales generated an estimated $4.82 billion in 2019, which represents an increase of 4% on the previous year. This amount seems to represent a slow-down of growth experienced in previous years.

- Christie's, Sotheby's and Heritage Auctions passed $1 billion in online sales, compared with $636 million in 2015.

- The COVID-19 crisis has accelerated online sales, with Sotheby's reporting a 131% increase, and Heritage Auction reporting a 10% increase.

Lots of other interests facts to be found inside the online document.


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