Finding New Buyers Is Top Concern for Art Dealers, Says Arts Economics’s McAndrew

The video discusses the challenges faced by the art market, particularly the need to access new buyers as traditional markets become saturated. It highlights the growth of online sales, which, despite being the fastest-growing segment, still represents a small portion of the market. The video also addresses the underrepresentation of female artists in galleries and auctions, noting a significant gender disparity in the art world.

What is a major concern for art dealers according to the transcript?

• Improving art quality

• Increasing art prices

• Reducing gallery sizes

• Finding new buyers

What is the current trend in online art sales?

• They are growing but still small

• They are declining rapidly

• They are stagnant

• They have overtaken traditional sales

What percentage of art sales are under $50,000?

• The majority

• None

• Less than 10%

• About 25%

What is the representation ratio of male to female artists in galleries?

• 50:50

• 70:30

• 90:10

• 60:40

What percentage of auction sales in 2018 were by female artists?

• 50%

• 10%

• 20%

• 5%