ARTX
We're making it possible for everyone to invest in meaningful art and relevant artists.
Leadership Team
ArtX is lead by Rob Sawyer, a production technology director who brings years of management and technology experience along with a passion for financial instruments and fine art, ????? ??? an executive at a major global trading firm that has a strong understanding of derivatives and exchange mechanics. ArtX offices are currently located in downtown Portland, Oregon, with specialists, banking advisors and gallery liaisons in San Francisco, Chicago, London and Hong Kong.
The Product
- Exchange for art
- Clearing House and Escrow
- Digital platform for investing in art
"On a day when U.S. stocks lost more than $240 billion in value, Christie's held its largest-ever postwar and contemporary sale, setting records for eight artists including Franz Kline, Jeff Koons, Donald Judd and Jean-Michel Basquiat."
– Bloomberg News, 15 November 2012
The Market
$65.9
billion
"GLOBAL ART MARKET NEARS PRE-RECESSION BOOM LEVEL AS AMERICAN SALES SOAR." TEFAF Maastricht. N.p., 12 Mar. 2014. Web. 30 Sept. 2014.
Carter Cleveland's predictions for the future of art:
- The art of tomorrow will be the technology of today.
- An “upper-middle-brow” of art will emerge.
- The art market will expand massively.
- There will be many more galleries.
- New artists will be discovered faster, and location won’t matter (as much).
- Education today will ensure the longevity of art in the future.
Binlot, Ann. "Artsy's Carter Cleveland Predicts The Future Of Arts." Forbes Life. Forbes Magazine, 8 July 2014. Web. 30 Sept. 2014.
"Some 71% of collectors and 88% of dealers regularly buy and sell art via digital image (sight unseen), and on Artsy we see an average distance between buyer and seller of over 2,000 miles."
– Carter Cleveland, Founder of Artsy
The global art market is about $66 billion annually, but for every one household that collects art there are 37 with the same average income who don't. If art becomes a ubiquitous part of culture, collecting could become normal behavior for households with disposable income, just like buying luxury fashion and jewelry. At Artsy we are seeing this phenomenon firsthand among new collectors in Silicon Valley, a market we have early visibility into given our tech-startup roots.
Cleveland, Carter. "Carter Cleveland Says Art in the Future Will Be for Everyone." The Wall Street Journal. Dow Jones & Company, 7 July 2014. Web. 01 Oct. 2014.
There is a greater degree of liquidity risk facing the art investor than with other financial assets because there is a limited pool of potential buyers, and with artworks not reaching their reserve prices and not being sold, this has an effect on the auction prices.
Campbell, R.A.J., Art as a Financial Investment, Erasmus Univ., Rotterdam, Maastricht Univ., 2007.
Online sales, a small but rapidly growing segment of the market, generated more than 2.5 billion euros in 2013, the report [TEFAF Art Market Report] showed.
“It is estimated that the online art market, including online sales by auction houses, dealers and online-only companies, could grow at a rate of at least 25 percent per annum, meaning that they could exceed 10 billion euros by 2020,” the report [TEFAF Art Market Report] found.
Market is Up
Source: Art Market Monitor
Online Interest Down
Source: Google Trends
Who's Leading Online
Other Interesting Discoveries
Source: Ways of Seeing Instagram from news.artnet.com
Trend Crossover
Source: Google Trends
art.com: mass produced artworks
artsy.net: fine art
Wine Exchange
An example of how an online exchange developed to trade fine wine is performing.
"Buying and selling shares on the exchange [My Art Invest] platform presents an opportunity to earn money and My Art Invest has a proven track record in France where almost 6,000 customers have gained an average return of 30% in the last three years."
– Tom-David Bastok, Chef d'entreprise of My Art Invest
"Global art sales took a major hit from the 2008 global financial crisis, but a new report [by Arts Economics and the European Fine Art Foundation] finds that they’ve almost approached their pre-crisis high—thanks in large part to China’s burgeoning number of collectors."
China's New Collectors Drive Global Art Market Rebound." Jing Daily The Business of Luxury and Culture in China Chinas New Collectors Drive Global Art Market Rebound Comments. Jing Daily, 13 Mar. 2014. Web. 01 Oct. 2014.
Let's Make A Deal
NYSE, NASDAQ, CHX, JPX, Euronext, LSEG, HKEx, SSE, TSX, ARTX
Art X
By Rob Sawyer
Art X
An art exchange and platform opening up the channel to art investment for everyone.
