Artsy Conversation: “Key Findings from the Artsy Gallery Insights 2022 Report”

Artsy Conversation: “Key Findings from the Artsy Gallery Insights 2022 Report”
Artsy Conversation: “Key Findings from the Artsy Gallery Insights 2022 Report”

June 1, 2022

What Galleries Need to Know About the Art Market in 2022

In this conversation, Artsy’s Chief Revenue Officer, Dustyn Kim, and Vice President of Global Sales & Partnerships, Carine Karam, discuss key findings from this year’s Gallery Insights Report—from top sales channels for galleries to marketing budgets, to how galleries are selling NFTs.

Watch the conversation in whole or catch the highlights below.

 

 

 

Conversation Highlights

Top Sales Channels / Online Sales / Gallery Marketing Budgets / Collector Demographics / Visible Pricing / Payment Preferences / NFTs

Top Sales Channels

Despite more opportunities for galleries to connect with collectors in-person—online strategy remains key.

Online Sales

Online sales continued to increase in 2021, quelling any doubts they represented a temporary trend.

Gallery Marketing Budgets

Galleries in 2021 spent significantly more on marketing than before—across both online and offline channels.

Collector Demographics

Collectors aged 35–54 became a stronger force in the art market.

Visible Pricing

Visible pricing is upending the status quo as galleries try to attract the next generation of collectors.

Payment Preferences

Galleries prefer bank and wire transfers over credit card payments. Collectors prefer paying by credit card. We discuss navigating this disparity.

NFTs

NFTs and cryptocurrency are relatively niche in the art world, but growing.

Read the full report

for more gallery insights

Read the Report
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