Online art market sales reach $4.22 billion - up 12%
(WorldNews Africa)

A slower pace of growth as new challenges and opportunities emerge The sixth annual Hiscox Online Art Trade Report, published today, reveals an online art market worth an estimated $4.22 billion - up 12% in 12 months. While still a solid year on year increase, this was lower than the 15% growth in 2016, and significantly behind the 24% experienced in 2015. Based on the current growth trajectory, the report predicts that the value of the online art market could reach $8.37 billion by 2023. Robert Read, Head of Art and Private Clients at Hiscox, commented: `The slowing growth in the online art market comes as no surprise. It has now reached a level of maturity where the business is broadly...