The increasingly co-dependent relationship between the online and offline art worlds reaches another milestone on April 2nd, when Saatchi Art (formerly Saatchi Online) holds its first “offline exhibition.”
Titled Continental Shift (a nod to Saatchi Art’s transition of its operations from London to Los Angeles over the last couple of years) the show exhibits works from the Saatchi Art website in the Edition and Print Gallery at the Saatchi Gallery in London. The collection will also be available through Saatchi Art online, and represented artists will receive 70% of any exhibition sales (the same as Saatchi Art’s online commission).
The online art market is becoming increasingly commoditized. Employing the Saatchi Gallery as a shop window for Saatchi Art – even though both operations are now only connected by name – is a valuable differentiator for Saatchi Art and its artists. Exhibition of artworks for sale online in brand name galleries could even create a ‘halo effect‘ so it won’t be a surprise if other platforms emulate Saatchi Art by creating alliances with established bricks-and-mortar galleries. But it would be a supremely ironic one.
- Young art without Saatchi (New York Times)
- Saatchi Art’s Inaugural Exhibition Opens At The Saatchi Gallery, London (Yahoo!/PR Newswire)
- Saatchi Online (@SaatchiOnline) combines curation, technology, and a global brand to “democratize” art sales (Art Market Technology)
- The online art market is already estimated to be growing by 20% each year.
- According to analysis from insurers Hiscox, about 90% of galleries regularly sell art to clients on the basis of a digital image only.
- Saatchi Online currently has about 200,000 different works for sale.
- Of the people that bought in April , 14% have already bought again in a month and a half.
Read the full story and view related video at: BBC News – Art ‘sold more online than in galleries’.