Art Market News

The art world is ever-changing, and it's important to acknowledge those resources that enhance and change the landscape of our industry and determine the success or failure of artists and galleries. Websites, online shopping, inventory tracking, point-of-sale (POS) technology, customer relationship management-they all play a role in how the art world takes its shape in this day and age. Those that are successful understand that it is mission-critical to know how embracing technology can change an artist or gallery's business overnight.

Masterpiece Solutions today is moving its multi-million dollar online art gallery from www.archerexchange.com to www.masterpieceonline.com. The new gallery includes social networking capabilities, unlimited listings, and much more.

1. It's Time to Break Out of Your Four Walls. An individual or brick-and-mortar establishment has boundaries. However, with the vast reach of the Internet, there are endless opportunities to sell your art to consumers across the globe. Millions of consumers are embracing online art research and consumerism. Whether you use your own website or a site like www.masterpieceonline.com to promote your artwork, it's time to get in the game! 2. Recession isn't a Time to Waste Time. Inventory tracking alone can be confusing, tedious and time consuming. Allowing software to manage your inventory process will give you back time and sanity to channel into other parts of your business. "Masterpiece enables me to be in all of my galleries every day. I can tell what sold and what is in inventory, out on approval, etc. at the touch of a button," said Zelma Legendre, owner of Thornwood Gallery (two in Houston and one in Dallas). "With the Masterpiece server, all of my galleries are connected. If we get an e-mail inquiry we can answer it immediately without calling the other galleries. This makes us more efficient with our time and easier for our customers to get answers quickly." 3. It's Time to Eliminate Operator Error. Humans are prone to error. Have you ever forgotten to log a sale? Do you have too many artists to manage consignments effectively? Do you use archaic systems for ringing in sales that result in more work on the back end? Technology is not as intimidating as many people seem to think. Instead, it can be helpful, and will simplify tasks that often lead to mistakes. 4. You Deserve a Business Team. Money is tight; margins are slim. Not many galleries have business managers, marketing teams, web developers and accountants. Paying those salaries would sink most small businesses. But the solution is simple - and affordable. Masterpiece provides business support at the click of a mouse. With Masterpiece Solutions, web

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Faile is one of the world's most sought after urban artists meaning that any new works by Faile usually sell out extremely quickly which is why I am writing this post at 2am and not waiting till later. Faile's work is extremely desirable and a very good investment so I urge you to get in now because this work will be sold out very soon

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When the Australian government announced that they would be introducing a resale royalty for artists I was extremely impressed and excited to say the least. Although there are many people in the art market who view the resale right as a major threat to the thickness of their wallets but as far as I am concerned there is a much bigger picture to consider which I have written about previously

The 2008 Sydney Biennale may not be as high profile as many of the other major art events but it is considered to be one of the most important contemporary art events today and promises to be a landmark event. First held at the exhibition hall of the Sydney Opera House in 1973, the Sydney Biennale is one of the longest running biennales eclipsed only by the Venice Biennale (1895), São Paulo Art Biennial (1951) and the Biennale de Paris (1959).

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