Global art sales rose to $63.7 Billion last year...
The art market is characterized by its exclusivity, lack of liquidity, price manipulation, secrecy and lack of transparency. *Source: Art Basel & UBS Report
... However, centuries pass and the art market remains the same. Therefore, there is a big opportunity for exponential grow.
Even though the online art market is in constant growth, there are just few solutions that are able to actually disrupt it. Fundamental issues to address are the lack of price transparency, self-regulation and the lack of funds for artists to produce high value artworks (less than 15%- generate enough income to work as artists).
