Tag Archives: online sales

Art Auction: A Better Way to Collect Art

Have you ever dreamed of owning a piece of fine art but felt that it was out of reach financially? An art auction may be the answer to your dreams! Art auctions are an excellent way to purchase original artworks without breaking the bank. With the right approach, art auctions can be a great way to build a collection of art and save money.

The benefits of an art auction

For those who are looking to add to their art collection or simply just want to try something new, art auctions can be an excellent way to obtain art. Art auctions offer a unique opportunity to purchase artwork from all over the world at competitive prices. With a broad selection of works to choose from, they provide an exciting and engaging experience. 

One of the main advantages of attending an art auction is that buyers have the chance to buy authentic artwork without the risk of buying a counterfeit piece. This can save buyers both money and time since they don’t need to worry about being scammed by an online seller. 

Auctions also provide an opportunity for the buyer to get to know the artist and their work, as well as to discuss any questions with auctioneers or knowledgeable collectors. 

How to participate in an art auction

Attending an art auction is a great way to find unique and valuable pieces of art. But it can be intimidating if you’ve never attended one before. Here are some tips to help make sure your first experience at an art auction is a successful one. Before you attend the auction, take some time to research the artwork that is being offered. Learn about the artist and the piece you are interested in. Knowing what you are bidding on can help you make informed decisions during the auction.

The difference between an art auction and an online sale

Auctions and online sales both offer a great way for art collectors to purchase artwork, but there are some key differences between the two. An art auction is a live event where bidders compete in a competitive environment to purchase pieces of art. Bidding is fast-paced and participants must be willing to pay the highest price in order to secure the artwork they desire. 

Online sales are much different in that they are usually conducted over a longer period of time. Instead of a competitive environment, buyers have the opportunity to browse through the artwork and make their selections at their own pace. This allows buyers to take their time, research the piece, and evaluate whether it’s worth purchasing or not. 

Furthermore, buyers may be able to negotiate a lower price as they may not have to compete with other bidders. Another difference between an art auction and an online sale is that auctions are typically reserved for more expensive pieces of art, while online sales tend to feature more affordable artwork. As a result, those who want to purchase high-end artworks may find it more beneficial to attend an art auction than to purchase from an online store.

Ecommerce Is Evolving And Here’s How

Thanks to the digital technology, we can carry out commercial transactions online. We can buy and sell items or services, pay bills, make orders, and so much more.

Online enterprises are heavily relying on this commodity. This is why we have numerous  online businesses nowadays.

The infographic below from Subscriptionly will inform you about the current and future tech trends that will influence the ecommerce sector. Some of the main trends are as follows.

Personalized Experience

Technology has enabled online businesses to give their customers personalized shopping experiences. For e-shoppers, this has engendered an engaging and satisfying shopping experience.

Businesses recorded an increase in revenue by employing this concept, since 48% of customers spend more when their experience is personalized.

Automated Customer Service

AI has transformed the way customer queries and complaints are attended to. Consumers now have their issues promptly resolved. It was reported that, this year, AI handled 45% of customer queries on its own. And it does this swiftly and effectively, which is definitely a factor that makes customer support a positive experience.

Excellent customer service is essential to building customer loyalty. In fact, 42% of customers buy more when they are served properly.

It is projected that, by 2020, AI will handle 85% of customer interactions.

Cryptocurrency

Soon, commercial transactions will be carried out with cryptocurrency. Via the use of cryptocurrency (such as Bitcoin), customers will get to make secure payments quickly and conveniently.

Also, businesses that add cryptocurrency as a payment method will make better sales. One retail outfit did and in 5 months, it generated $2million alternative currency sales and a 60% boost in new customers.

Drone Delivery

In the nearest future, e-shoppers will possibly have their purchased items delivered the same day. When this become reality, customers will be happier and businesses will undergo a rise in brand awareness and sales. The 72% of shoppers stated they would shop and spend more if same day delivery was available.

A method that is being considered to initiate same day delivery is the drone delivery. DHL tried it and recorded a 70% improvement in first-attempt deliveries, and a 90% success in resolution of customers’ critical cases. When popularized, 40% of parcels will be drone-delivered in 2 hours by 2028. For the Silo, Josh Wardini.

Future of eCommerce Infographic