Virtual Galleries Pave The Way For New Art Markets

Virtual reality might be the next frontier for mankind, but this does not mean that there is no room for improvement. No sir, in fact, there is still a long way to go where virtual reality is concerned. However, we are starting to see more and more practical applications of this technology being introduced to the masses, and virtual galleries could eventually open up the door for new art markets unlike the traditional methods.

The Internet has helped the world of art to be a whole lot more accessible than ever before in new and emerging markets. Carter Cleveland, the 28-year-old founder of Artsy, said, “China is a really exciting opportunity for us.” Artsy happens to be an online database that boasts of works by 25,000 artists and over 2,000 galleries from around the world. First launched in 2012, Artsy has already managed to attract $26 million in funding, not to mention having some rather heavyweight backers including Paypal co-founder Peter Thiel. How does Artsy make money? Well, they charge galleries a monthly subscription in order to list their art.

Granted, there is still the old school mindset of checking out an art piece by yourself, which means having to be there in the flesh, but Artsy and its virtual gallery could eventually pave the way for a brand new market.

Edwin Kee
Categories: General
Tags: technology