Innovative Online Fine Art PlatformsAdvert Id : 56847 , Sellers Ref: (13471)
Location : California
Category : Online Businesses
Asking Price : $ 450,000
The fine art sales worldwide is a huge and growing market. The art industry has enjoyed tremendous volume and price growth for over 20 years and reached a record high of $68 Billion in 2014. Last year, worldwide online sales of art and collectibles were estimated at $3.75 billion, an increase of 15 percent over the previous year. And while this represents a steady growth in this new channel for fine art, no dominant player has yet emerged from the competitive shuffle and the market represents a huge opportunity for an e-commerce player with the right platform and portfolio of fine art.
This business opportunity provides the unique opportunity to acquire two innovative online art platforms, which specialize in the upper segment of contemporary fine art, featuring fully established artists and bringing a unique and fully exclusive inventory to the market.
The first platform specializes in original, one-of-a-kind artworks and is a fully curated collection. The business represents this inventory exclusively from a range of well-known contemporary artists. Many of these artists use no other online platforms to display their works. Each piece is represented online and sold via the website. The art is held by the artist and fulfillment is arranged by them directly after the sale.
The second platform is dedicated to exclusive limited-edition prints of museum quality artworks by fully established artists, many of whom normally do not sign with online art galleries or allow limited edition prints. This is one of the first platforms to feature prints of established artists in the highest segment of the market; these artists normally work exclusively with physical galleries. The business owns the publishing rights of this artwork indefinitely. Each limited edition is represented online and sold via the website. Printing and fulfillment are completed on-demand after the sale by a high-end print and production company in Europe using state of the art printing facilities and print media to ensure the exclusivity and quality of the end product.
These original art platforms are e-commerce businesses which require no significant knowledge of the art world to operate effectively. The art industry has enjoyed tremendous growth over recent decades; with indefinitely publishing rights of $37M USD for limited editions and a fully established & tested online platform, these businesses are ready to capitalize on the fastest growing segment of the fine art market; online sales!
For those already in the industry, the exclusive inventory of $5M USD for original art represent an attractive addition to their existing portfolio and the established web platform offers an additional channel to market for their existing clients and art assets.
An opportunity has arisen for the partners of this business to start a new venture and they would like to re-direct their attention toward this endeavor. The owners are seeking an all cash buyer who can complete a transaction quickly and accordingly they have priced the business significantly below the investment and potential the business represents. This internet business is an ideal acquisition target for strategic buyers in the art or online print space that have the existing infrastructure in place and marketing skills to readily scale this business to its full potential.
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