Skate’s has expanded on its prior rankings of global e-commerce players and listed art industry companies to create the Skate’s Art Industry Scorecard. This new tool serves as a comprehensive research platform for better global art industry information and analysis.
The most important takeaway from this research effort is the massive and ongoing change that is taking place in the art industry. This change can be seen in the search for new business models aimed at further broadening the global art trade. One clear implication of this change is that the art industry is becoming an increasingly consumer driven sector of the global economy.
The system of selecting and ranking companies in Skate’s Art Industry Scorecard is largely based on numerical data combined with subjective factors and will thus likely cause a certain degree of controversy. We therefore offer it as an “open source” document and invite our readers to provide feedback and suggestions on how to improve the methodology going forward. Please send feedback to skate@skatepress.com.
In the third and final part of our Annual Art Investment Report, which will be published in early February, we will share our thoughts on where today’s art industry transformation will lead us. Specialty art retail and art destination management companies are our favorite business models of tomorrow.
