Saatchi Art, the world's leading online gallery, today released its 2016 Invest in Art report, featuring a comprehensive overview of the online art market with a specific focus on emerging art. Invest in Art is an ongoing series aimed at highlighting emerging talent in the art world in order to inform buying decisions of first-time buyers and experienced collectors, many of whom are increasingly purchasing artworks online. With the internet giving artists today more ways than ever before to showcase their work, collectors too are turning to online galleries to discover and purchase art from all over the world. Hiscox found that from 2015-2016 online art sales rose by 20% and forecast that online sales will reach $9.58 billion in 2020 (source: Hiscox Online Art Report 2016). "The art world has changed dramatically over the past five years primarily because of the impact of the internet," said Rebecca Wilson, Chief Curator, Saatchi Art. "It is enabling many more artists to show their works and giving people who love art new ways to discover and purchase it. With our Invest in Art report we want to introduce people across the world to outstanding emerging artists, all of whom are recent graduates and showcasing their work on Saatchi Art." To select the 20 artists featured in this year's Invest in Art report, Wilson reviewed the graduation shows of BFA and MFA programs at some of the most prestigious schools in the UK and US. These emerging artists are making distinctive work, which is already being recognized with international sales, awards, and invitations to participate in exhibitions and residencies. The 2016 Invest in Art Report also features:
- An overview of the online art market, including purchasing patterns, international sales data and online market growth.
- Information on art as an investment from the collector's perspective.
- Case studies showcasing career trajectories for three artists, including milestones and market value for recently sold works.