As a fine art insurer, we are naturally interested in art market developments and undoubtedly one of the greatest changes has been the emergence of online art buying. This presents unique risks and insurance challenges – particularly around issues of provenance and authenticity, so we have been keen to understand online art trading further through research.
The second report of its kind, The Hiscox Online Art Trade Report 2014, shows there is growing confidence in buying art online without having seen the physical piece. Online art platforms cater for all tastes and budgets, but are particularly effective for those just starting to collect – opening up the art market in a way that is hard to replicate in the real world.
Here is an overview of our key findings: Follow this link to read the full report