01/02/2021
Art fairs ranking as the third most successful way for galleries to sell art in 2019 slipped to the sixth position in 2020 because of the pandemic, according to the Artsy Gallery Insights 2021 Report.
Social media has replaced fairs, becoming galleriesâ third-best sales channel, moving up from the sixth place in 2019. âThe ranking of top sales channels shuffled considerably this year, with sales, social media, and gallery websites taking the place of art fairs and walk-ins,â the report says.
The Artsy Insights 2021 Report, which was conducted in October 2020 and surveyed 1,753 gallery professions, shows a move towards the digital. Galleries' have discussed how social media marketing has been more beneficial for selling their artwork by promoting organic creative posts and reaching out to clients in a digital way. The study also reveals that galleriesâ marketing budgets for online experiences increased: spending for online art marketplaces, websites, and social media increased by 49%, 32%, and 92%.
This is an opportunity that multiple galleries are taking advantage of. Now that digital is a more popular option, there are more and more innovative ways to gain more coverage.
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