By Laura Chesters
Online channels are an increasing source of new buyers for both auction houses and dealers, despite the art and antiques sector being behind the wider economy when it comes to use of ecommerce, a new global report says.
The Art Market 2018, a report published by Art Basel and UBS Global, states that online sales now represent 8% of the total art market, reaching “a new high” of $5.4bn in 2017, up 10% year-on-year and 72% over the last five years.