After analysing the statistics after the month of March, Bukowskis finds that online auctions for art and design furniture continue to be extremely popular, despite turbulent times. Bukowskis.com saw a significant increase from the previous year with 20% more unique visitors and 9% more sessions, which means that online auctions were viewed just over 2 million times and the website itself was visited by over 830,000 unique visitors.
During March and April, Bukowski's conducted no less than three Fine Art auctions with very successful results for the collections "Löwenadler Collection" and "Modernism after 1945", as well as the most recent auction "Helsinki Design + Contemporary Art". The latter had as much as 50% more bidders from 25 different countries who bid online in the middle of the current shutdown in the country. The high final prices and the high sales rate show that the market for quality art and design remains stable and that the market for Fine Art is definitely online, now more than ever.
Looking back at the economic downturns that have affected the world during the dot-com bubble in the year 2000 and the collapse of Lehman Brothers in 2008, one can conclude that art prices have remained stable even during these periods. The signs we have seen in spring 2020 show the same trend. Many collectors have recently contacted us with inquiries about the significant works that will be released in connection with the spring's major hammer auctions, says Andreas Rydén, Head Specialist, Art.
Bukowskis is proud of our customers continued trust in our capability to sell fine art and design and will continue to do everything we can to keep offering glimpses of light in these chaotic times.
Andreas Rydén, Head Specialist, Art, Deputy Managing Director, Louise Arén, CEO, Björn Extergren, Head of Consignment & Sales Department, Fineart