The 'Amazon Art' Shop Sells Paintings Worth Millions of Dollars
Laura McQuarrie — August 7, 2013 — Business
References: amazon & techcrunch
Amazon recently launched 'Amazon Art,' though it does not sell the type of art that will go up on a dorm room wall -- these pieces are museum-worthy and cost thousands of dollars. Like a museum, these pieces are curated by type, including categories to click through like drawings, photography and mixed media.
The online fine art store provides access to over 40,000 pieces of art, some of them with a hefty price tag of a couple million dollars. The collection features works by iconic artists like Chuck Close and Monet, which is astonishing to think that they can now be so easily acquired online. This should certainly make it easier for avid art collectors to acquire artwork, since they can now be added to one's online shopping cart with the press of a button.
The online fine art store provides access to over 40,000 pieces of art, some of them with a hefty price tag of a couple million dollars. The collection features works by iconic artists like Chuck Close and Monet, which is astonishing to think that they can now be so easily acquired online. This should certainly make it easier for avid art collectors to acquire artwork, since they can now be added to one's online shopping cart with the press of a button.
Trend Themes
1. Online Art Market Expands - Online art stores with high-priced items catering to art collectors become more prevalent.
2. Curated Online Content - Leading online retailers provide curated online stores to cater to niche customers.
3. E-commerce for Non-traditional Goods - Retailers expanding e-commerce operations for high-value, non-traditional goods.
Industry Implications
1. Fine Art Industry - Traditional fine art businesses can embrace curated online sales strategies to reach wider audiences.
2. E-commerce Industry - E-commerce companies can benefit from curating online stores for unique and high-value items.
3. Wealth Management Industry - Private wealth managers can capitalize on the growing market for high-value, curated art by presenting it as a valuable investment to their clients.
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