A few days ago, I came across a great article from the NY Times. The piece discusses the delays in fine art's e-commerce boom. It goes on further to shine light on some of the reservations for making this investment via the Internet and why a potential change in mentality is forecasted. The article proved very eye opening in the direction to which the market may be shifting, led by young investors. It proved to be a very interesting read that really set the standard about how fine good purchasing will now be completed.
It should come as no surprise that fine art purchases haven't skyrocketed like their counterparts, music and books. Fine art is an investment that requires more than just a few dollars to obtain. It is possible that this is one of the leading reasons why fine art purchases have not taken off...until now.
With that said, there is now a changing of gears forecasted for future art investors. The reason is pretty black and white and really makes sense when you stop to think about it.
The next generation brings about a whole different mindset than that of their parents. They are more apt to make these expensive online purchases without viewing the artwork first hand. Having grown up with the Internet, there is a trust and comfort level that is brought about, setting the new standard for the purchase of luxury goods. They are loyal to the simplicity of acquiring goods through a few simple clicks. There is no longer a commute and excessive time spent. It is an efficient means of researching and acquiring that which young investors desire.
It would appear that the art scene would begin its journey into modern day consumer purchases, as wealthy investors begin to take comfort in luxury purchasing online. These changes appear to be happening quickly. With that being said, prepare for some major and exciting changes coming to the art world!
It should come as no surprise that fine art purchases haven't skyrocketed like their counterparts, music and books. Fine art is an investment that requires more than just a few dollars to obtain. It is possible that this is one of the leading reasons why fine art purchases have not taken off...until now.
With that said, there is now a changing of gears forecasted for future art investors. The reason is pretty black and white and really makes sense when you stop to think about it.
The next generation brings about a whole different mindset than that of their parents. They are more apt to make these expensive online purchases without viewing the artwork first hand. Having grown up with the Internet, there is a trust and comfort level that is brought about, setting the new standard for the purchase of luxury goods. They are loyal to the simplicity of acquiring goods through a few simple clicks. There is no longer a commute and excessive time spent. It is an efficient means of researching and acquiring that which young investors desire.
It would appear that the art scene would begin its journey into modern day consumer purchases, as wealthy investors begin to take comfort in luxury purchasing online. These changes appear to be happening quickly. With that being said, prepare for some major and exciting changes coming to the art world!
About the Author:
Emily Sigidson is a freelancing lifestyle writer whose main passion is art. She loves discovering new contemporary artists. If you would like to learn more about Christian Modern Art she suggests you visit his friend at www.bregeda.com.
