4 Bold Predictions for the Art Market in 2021

4 bold predictions for the art market in 2021

1. Fostering of online sales

Virtual sales were not a discovery nor a breakthrough in the pre-pandemic market. Many galleries and auction houses have adopted the technology even before the advent of the virus. As of today, almost every art business provides clients with the possibility to buy art online, which appears to be an effective selling model.

2. More virtual events

While many art fairs and festivals are on pause, galleries will continue to fascinate the audience with high-resolution pictures and videos, 3D online exhibitions, and online meetings. Stay tuned!

3. The importance of auction houses will grow

From the inception of the pandemic, buying art was a herculean task. With many leading auction houses going online, public tension decreased, and things started to look more optimistic. You can now bid via your phone, so the whole auction house trend will gain more momentum in 2021.

4. Collaboration can save many businesses

Never before has a helping hand of a colleague or a business partner been so vital. To keep heads above water, many small galleries started to unite and help each other by creating a variety of new art projects and launching joint events.

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