San Francisco, CA (PRWEB) June 09, 2014
UGallery (http://www.ugallery.com), a leading online art gallery offering curated, original art for sale from the world’s most talented mid-career and emerging artists, today announced 79 percent revenue growth for Q1 2014. The company also reported its 2013 results, highlighted by more than 40 percent overall revenue growth. To date, UGallery has experienced double-digit growth every year since its founding in 2006.
“After another great year for UGallery, our artists, and our users, we’ve seen that success continue into 2014,” said Stephen Tanenbaum, President & Co-Founder of UGallery. “Our results showcase the overall shift of people moving to buy online, specifically the art market which was traditionally dependent on brick-and-mortar galleries. We’ve revolutionized the longstanding art buying process for both artists and collectors, building an online community that makes it easier than ever to sell, discover and purchase original, high-quality artwork—all at an accessible price.”
Q1 2014 and overall 2013 UGallery highlights include:
The online art industry continues to experience rapid growth, with over 300 online art ventures having launched in recent years* and at least 71 percent of art collectors having now purchased artwork online.** Online sales of art are projected to grow 19 percent per year to $3.76 billion by 2018.***
To date, UGallery has received $1.3 million in seed funding from Trailhead Ventures, located in the Bay Area.
For further information on UGallery, please visit http://www.ugallery.com.
UGallery is a curated online art gallery that sells original, one-of-a-kind artworks. Founders Stephen Tanenbaum, Alex Farkas, and Greg Rosborough came together in 2006 to create a revolutionary approach to online art sales that democratizes the entire art buying process. Clients can browse the collection by price, medium, style, size, color, or artist and give any piece a weeklong test run in their home risk-free. More information about UGallery can be found at http://www.UGallery.com, or by visiting UGallery on Facebook (http://www.facebook.com/ugallery), Twitter (http://www.twitter.com/ugallery) or Pinterest (http://www.pinterest.com/ugallery).
(* According to the Deloitte and ArtTactic 2013 Art and Finance Report)
(** According to the Hiscox 2013 Online Art Trade Report)
(*** According to the Hiscox 2014 Online Art Trade Report)