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4 Predictions on How the Art Industry Will Transform in 2023

The Art Angle

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Can the Art Licensing Market Double in Size?

Tim Schneider: How big in terms of dollar value do you think that the market for derivative art products, like these ways to buy into the art universe that are lower cost, how big can that grow? Schneider: Well, it's a hard question to answer in a super specific way. But if you compare the 1% of $293 billion that the art licensing side of things makes up, that's essentially a little under $3 billion. So there's basically maybe at least a 20x multiple between art licensing now and global art sales now.

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