Hiscox Online Art Trade Rerpot (pt.2)
December 3 2020
Picture: Hiscox
Posted by Adam Busiakiewicz:
The insurance company Hiscox have published the second part of their 2020 Online Trade Report. The report is absolutely free to read.
Some of the most interesting facts contained within:
- A majority of millennial and new buyers have expressed increased confidence in buying art online since the COVID crisis.
- Eight out of ten new buyers have purchased art works online between March and September 2020.
- More than 55% of buyers have purchased art through online auctions, compared with 37% last year.
- Over two-thirds of respondents expressed that Instagram was their social media platform of choice for art.
