What crowdsourcing means for the art market
// August 24th, 2011 // View Comments // b-Crowd
What can crowdsourcing do for the art market? Well, first of all, the art market needs a radical change as prices have plummeted and auction houses are struggling to make the sales of even the most famous artworks. Of course, world-renowned artists such as Jeff Koons and Damien Hurst will continue to rake in money. What about the other artists out there? The ‘auction house’ method doesn’t seem to cater to the rest of the artists who don’t benefit from traditional methods. What is the other option for artists? Art market 2.0.
This is art market 2.0
The online sphere has opened up endless possibilities for artists wishing to market themselves and their work. We’ve talked about the ‘artist’s aura’ in the past, meaning what defines the work and sets it apart as authentic. This theory applies to the online world as well. Artists can join online communities to create digital portfolios to gain more exposure in addition to their personal website. They can develop their personal brand and an online following for both their work and their artist persona. Cloud technologies have opened up a new ‘markets’ for artists as well, one’s that doesn’t depend on the rigidity of auction houses.
b-uncut provides is a new kind of market: art market 2.0. Artists can join the Creative Services Exchange to pitch for work with brands from all over the world. These artists can post their portfolio, blog and connect with a fast-growing community of creative professionals globally. Businesses who are looking for original artwork can now find it in a unique way. The Exchange helps businesses who are looking for creative work outside their network or region, a niche skill-set, or who want to expand their budget. Art market 2.0 is a valuable resource for businesses who hadn’t considered including original artwork as part of their campaigns in the past. Now they can, with the help of the Exchange.
Crowdsourcing 2.0
‘Crowdsourcing’ is a method that many businesses are turning to as part of their research and development programmes since its processes are well-discussed and proven to be effective. Crowdsourcing 2.0 is ‘expert sourcing’, in which both the crowds and the businesses are managed. This is a technique and not the businesses in itself. With Crowdsourcing 2.0, the crowds are screened before they can join and the projects are managed by a team to ensure that everything stays according to plan.
Co-creation
Online communities can act as a platform for artists to meet and exchange ideas, or even collaborate. With an online Exchange, artists can collaborate with one another to pitch for projects. The ability to co-create art is now possible with the online Exchange and is a valuable resource for artists who are looking to expand their artistic presence.
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