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	<title>eCommerce Archives - Art Business News</title>
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		<title>The Impact of Covid-19 on the Luxury Market and What it Means for the Future of eCommerce</title>
		<link>https://dev.artbusinessnews.com/2021/08/the-impact-of-covid-19-on-the-luxury-market-and-what-it-means-for-the-future-of-ecommerce/</link>
					<comments>https://dev.artbusinessnews.com/2021/08/the-impact-of-covid-19-on-the-luxury-market-and-what-it-means-for-the-future-of-ecommerce/#respond</comments>
		
		<dc:creator><![CDATA[Adam Fields]]></dc:creator>
		<pubDate>Wed, 11 Aug 2021 02:29:28 +0000</pubDate>
				<category><![CDATA[Around the World]]></category>
		<category><![CDATA[Artists]]></category>
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		<category><![CDATA[eCommerce]]></category>
		<category><![CDATA[Luxury Art Market]]></category>
		<guid isPermaLink="false">https://artbusinessnews.com/?p=12628</guid>

					<description><![CDATA[<p>A recent Art Basel and UBS Art Market Report showed that online sales of art, collectibles, and antiques reached a record high of $12.4B in 2020, doubling in value from 2019. The accelerated growth of eCommerce for these types of items comes as buyers are more comfortable purchasing everything online. For many sellers of high-value goods, the biggest hurdle for&#8230;</p>
<p>The post <a href="https://dev.artbusinessnews.com/2021/08/the-impact-of-covid-19-on-the-luxury-market-and-what-it-means-for-the-future-of-ecommerce/">The Impact of Covid-19 on the Luxury Market and What it Means for the Future of eCommerce</a> appeared first on <a href="https://dev.artbusinessnews.com">Art Business News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>A recent Art Basel and UBS Art Market Report showed that online sales of art, collectibles, and antiques reached a record high of $12.4B in 2020, doubling in value from 2019. The accelerated growth of eCommerce for these types of items comes as buyers are more comfortable purchasing everything online.</p>
<p>For many sellers of high-value goods, the biggest hurdle for a successful eCommerce strategy is simplifying or automating logistics and fulfillment, a nuanced and complex endeavor for items requiring specialized handling. Moreover, consumers are looking for the same, frictionless experience they encounter when buying other types of goods digitally; namely: upfront shipping costs and single click checkout.</p>
<p>As a result, players in the luxury market must adapt to meet the evolving needs of their customers. And it starts with a seamless eCommerce experience, from pre-sale to fulfillment.</p>
<p><img fetchpriority="high" decoding="async" class="aligncenter size-large wp-image-12629" src="https://artbusinessnews.com/wpdev/wp-content/uploads/2021/08/D9A2568-copy-1024x724.jpg" alt="" width="1024" height="724" srcset="https://dev.artbusinessnews.com/wp-content/uploads/2021/08/D9A2568-copy-1024x724.jpg 1024w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/D9A2568-copy-300x212.jpg 300w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/D9A2568-copy-768x543.jpg 768w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/D9A2568-copy-1536x1086.jpg 1536w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/D9A2568-copy-2048x1448.jpg 2048w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/D9A2568-copy-1170x827.jpg 1170w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/D9A2568-copy-740x523.jpg 740w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/D9A2568-copy-scaled.jpg 1448w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<h3><strong>The Past</strong></h3>
<p>Safely transporting these often fragile, oversized, and valuable objects requires specialized handlers, transit insurance, and other niche services. Because a single seller could need multiple carriers to adequately ship their goods to buyers, and the process for shipping has been manual and fragmented to date, there is a high barrier to entry for online sales of high-value goods. For this reason, buyers often find a “click to inquire” button when browsing items for sale online, as opposed to a “buy now” button. It’s time for sellers to evolve and meet consumer expectations with an end-to-end online purchase experience.</p>
<h3><strong>The Present</strong></h3>
<p>With this surge in digital initiatives — accelerated by COVID-19 and changing consumer behaviors — marketplaces, auction houses, galleries, and other online sellers are focused on delivering an eCommerce experience that meets the evolving needs of the market, including a more seamless purchase and fulfillment experience. Sellers today need to provide greater transparency into shipping costs during the buyer consideration phase, so users have a clear picture of total costs upfront. It is also critical to deliver a seamless click-to-buy transaction, including automating end-to-end fulfillment and returns.</p>
<p><img decoding="async" class="aligncenter size-large wp-image-12632" src="https://artbusinessnews.com/wpdev/wp-content/uploads/2021/08/D9A2692-1024x683.jpg" alt="" width="1024" height="683" srcset="https://dev.artbusinessnews.com/wp-content/uploads/2021/08/D9A2692-1024x683.jpg 1024w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/D9A2692-300x200.jpg 300w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/D9A2692-768x512.jpg 768w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/D9A2692-scaled.jpg 1536w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/D9A2692-2048x1365.jpg 2048w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/D9A2692-1170x780.jpg 1170w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/D9A2692-740x493.jpg 740w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<h3><strong>The Future</strong></h3>
<p>As the world opens back up and life returns to a new normal post-pandemic, galleries, sellers, and auction houses will need to approach the market in a new way. While consumers will slowly return to in-person shopping, the rise in eCommerce won’t subside meaning consumer shopping patterns have inevitably changed forever.  By delivering an end-to-end eCommerce experience that eliminates the inherent friction in selling unique items online, this industry can finally realize the promise of reaching a bigger market and can capitalize on the demand for these types of items.</p>
<figure id="attachment_12631" aria-describedby="caption-attachment-12631" style="width: 1024px" class="wp-caption aligncenter"><img decoding="async" class="wp-image-12631 size-large" src="https://artbusinessnews.com/wpdev/wp-content/uploads/2021/08/rupixen-com-Q59HmzK38eQ-unsplash-1024x683.jpg" alt="" width="1024" height="683" srcset="https://dev.artbusinessnews.com/wp-content/uploads/2021/08/rupixen-com-Q59HmzK38eQ-unsplash-1024x683.jpg 1024w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/rupixen-com-Q59HmzK38eQ-unsplash-300x200.jpg 300w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/rupixen-com-Q59HmzK38eQ-unsplash-768x512.jpg 768w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/rupixen-com-Q59HmzK38eQ-unsplash-scaled.jpg 1536w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/rupixen-com-Q59HmzK38eQ-unsplash-2048x1365.jpg 2048w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/rupixen-com-Q59HmzK38eQ-unsplash-1170x780.jpg 1170w, https://dev.artbusinessnews.com/wp-content/uploads/2021/08/rupixen-com-Q59HmzK38eQ-unsplash-740x493.jpg 740w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption id="caption-attachment-12631" class="wp-caption-text">Rupixen for Unsplash</figcaption></figure>
<p>The next wave of global commerce — where any item, regardless of size, price point, or fragility can seamlessly be bought and sold online — is here, and it’s time for sellers to evolve their strategies.</p>
<p><strong><em>About the Author</em></strong><em>: </em><em>Adam Fields is the Founder and CEO of </em><a href="http://arta.io/" target="_blank" rel="noopener"><em>ARTA</em></a><em>, which automates shipping and fulfillment for high-value and collectible objects. ARTA’s software provides instant shipping costs for any item type—regardless of size, material, or price point—allowing clients to reduce overhead, scale faster and offer a frictionless purchase experience for their buyers. Prior to founding ARTA, Adam was a Vice President at Artspace.com, where he became hyper-aware of the difficulties that came with shipping art for both online and offline sellers. With end-to-end global fulfillment services including shipping, packing, tracking, and insurance, ARTA is an all-in-one logistics solution for merchants and marketplaces. For more information about how to leverage ARTA’s platform to ship everything and anything requiring specialized care, visit </em><a href="https://arta.io/"><em>shiparta.com</em></a><em>.</em></p>
<p>The post <a href="https://dev.artbusinessnews.com/2021/08/the-impact-of-covid-19-on-the-luxury-market-and-what-it-means-for-the-future-of-ecommerce/">The Impact of Covid-19 on the Luxury Market and What it Means for the Future of eCommerce</a> appeared first on <a href="https://dev.artbusinessnews.com">Art Business News</a>.</p>
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