Decline of Art Market's Buy-One-Give-One Sales Model
A sales model known as 'buy-one, give-one' has become less common in the art market. This approach previously enabled collectors to purchase a sought-after artwork by agreeing to donate another piece to a cultural organization. Changing economic conditions have reduced the feasibility of these arrangements, which were once more widespread.
Key facts
- The 'buy-one, give-one' model allowed collectors to acquire an artwork by gifting a second to an institution.
- This sales mechanism was previously popular in the art market.
- Market conditions have shifted, making these arrangements less viable.
- The model involved collectors securing in-demand works.
- The practice has declined in use.
Entities
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