$80 billion art?

Sky full of money

The following CNBC article was brought to my attention recently. I share it here.

Will Artspace Be the Art World’s Amazon.com?

Fine art is an $80 billion global market and the co-founders of Artspace.com think an online marketplace can grab $10 billion to $15 billion of that total. The article goes on to note:

Artspace co-founder, Christopher Vroom said, “As an investment, the contemporary art market and the fine art market more broadly have been an extraordinary place to put money over the past decade. The $1 billion in contemporary art sold at auction last week at Sotheby’s (BID) and Christies lifts the value of other works …”

Sounds good. What do you think? Read more …

 

 

I saw this on yahoo this morning. I thought it was interesting, and maybe you would be interested, in case you missed it.

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