Big Increase In Online Auction Sales During COVID

In 2019, global online art and collectibles sales topped $4.82 billion and are expected to soar in 2020—pacesetter auction houses Christie’s, Sotheby’s and Phillips saw increases in online sales from Jan. 1 to June 28 of 436 percent over the previous year. The average price for digital sales grew by 207 percent to $23,612 as auction houses start to test collector appetite for buying fine art online, according to Barron’s, which has tracked the trend since the pandemic started. – The Daily Beast