An online resource and marketplace dedicated to modern and contemporary art
Widewalls is an online resource and marketplace dedicated to modern and contemporary art.
Our renowned magazine already contains more than 21,000 articles covering all aspects of modern and contemporary art.
There are more than 35,000 artworks to discover or buy on Widewalls, as well as auction results covering 80% of the market over the past 5 years.
Established in 2014, with over half a million visitors per month, Widewalls is already amongst the top 10 online marketplaces dedicated to art.
There are more than 20.000 galleries in the world, most of them being small companies with limited resources. Accessing the online art market is expensive and complicated for most of them. The current offering is split between:
The Solution: Widewalls, the Dealer-friendly Marketplace
With fair pricing and fair practices, and services offered by no other platform, Widewalls is as an efficient complement or alternative to the more dominant players. We are the partner that the traditional art dealer sector needs to access and serve the online market more efficiently.
Widewalls is run by a gallery owner, for gallery owners. We strongly believe that the traditional art dealer sector needs a platform which is fair financially, and truly help them access the online market more efficiently, without trying to: either cut the middleman (platforms such as ArtFinder or SaatchiArt) or by cutting them off their client base and transforming them into pure inventory provider (most other platforms, such as 1sDibs, Artspace, Artsper, Artsy, Kooness, Artland, etc), with no contact with end client before delivery, and in most cases with an interdiction to use client details to market their inventory directly to those clients.
LONDON, July 2, 2019 /PRNewswire/ — Widewalls, the online marketplace and magazine dedicated to modern and contemporary art, is delighted to announce that 19 internationally renowned galleries will shortly join its marketplace, in a collective effort to support the platform’s business model and foster competition in the third-party online marketplace sector.
Internet is typically cast as the great enemy of traditional culture, an entity often condemned for undermining the music business, the film industry and even publishing. Yet, one form of art seems to be able to adapt, and to perhaps even find a way to thrive in the Internet setting: visual arts, as well as the online galleries and aggregators selling them, are booming online.
In this respect, no other marketplace has a model such as ours, with maybe the exception of Artnet, but a monthly subscription fee with them is expensive for most galleries (3 to 8 times more expensive than ours) and is likely to remain so given their heavy cost structure.
The total art market size is $67bn (2018), growing at a relatively slow pace.
The online art market though reached an estimated $4.64 billion in 2018, hitting two digits growth every year in the past 5 years. Art only started to transition online recently, and online art sales are anticipated to keep growing at an average rate of 15% over the coming 5 years.
Based on its current growth trajectory, the online art market is expected to be worth $9.32 billion by 2024.
(Hiscox Online Art Trade report 2019)
Widewalls is tapping into this market, but will also expand its offering to modern and contemporary design objects (furniture, or else). We can safely assume that this doubles the potential size of our Total Addressable Market.
Significant Achievements to Date
UK, 28th July 2017
Startup, EIS approved
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