The art market has always been sensitive to economic fluctuations. Traditional galleries and artists often face challenges during downturns, resulting in fewer sales, less exposure, and financial instability. LettsArt's no-code Art Intelligence software provides an essential solution for artists and collectors, particularly during economic uncertainty.
Historically, artists depended on physical galleries and fairs to sell work and gain exposure. However, these traditional methods become fragile when economic uncertainty hits, as galleries close, art fairs are cancelled, and physical attendance declines.
Recent global crises, including economic downturns, pandemics and political uncertainty reveal how vulnerable traditional art market models can be. Over the past 12 months, the UK has witnessed a significant number of commercial art galleries shutting their doors. While exact figures are hard to pin down, industry reports and news coverage point to at least a dozen closures nationwide, with London being especially hard-hit.
And on the subject of London, about 80% of art fairs are now in London, highlighting another problem - that physical location can be a huge limiter for many artists.
LettsArt is no-code AI software that lets any artist build their very own online art gallery, retaining control over the sharing, pricing and selling of their art. The benefits are clear:
In conclusion, LettsArt creates essential resilience in the art market by providing global accessibility, continuous visibility, enhanced financial stability, deeper collector relationships, and valuable market insights. Artists and collectors can confidently rely on LettsArt, ensuring steady artistic journeys despite economic uncertainties. Sign up TODAY!
