UGallery explained

UGallery is a curated online art gallery headquartered in San Francisco, CA. Founded in 2006, UGallery is an e-commerce platform that connects artists directly with collectors on its website. The company positions itself as an approachable and convenient alternative to the brick-and-mortar contemporary art gallery.[1] [2]

UGallery
Type:Private company
Foundation:2006
Founder:Stephen Tanenbaum, Alex Farkas, Greg Rosborough
Location:San Francisco, CA
Area Served:Worldwide
Products:Original Artwork
Homepage:www.ugallery.com

History

The company was founded by Alex Farkas, Stephen Tanenbaum and Greg Rosborough.[3] The three met in a business class at the University of Arizona. Sharing an interest in the arts, they developed the concept for UGallery through the McGuire Entrepreneurship Program.[4] The UGallery.com website launched in September 2006.[5]

Originally seen as a way to help recent art school graduates find buyers, UGallery began with five artists and 25 pieces of original art.[6] Securing outside capital in 2008,[7] the company shifted its focus to mid-career and emerging artists from around the world.

Gallery

As of February 2014, UGallery exhibits the work of 500 professional artists and more than 6,500 pieces of original paintings, fine-art photography, drawings and sculptures.[8] The company counts clients in every U.S. state and over 45 countries,[9] as well as 1.7 million social followers.[10] [11] [12] [13]

Reception

UGallery was an early entrant to the business of selling original art online.[14] At the time, many art critics questioned the concept. A 2007 Wall Street Journal article called "the online art marketplace as mottled as a Monet water scene."[15] By 2012, the online art market was valued at $870 million.[16] In 2014, the estimated value of the online art market grew to $2.64 billion, accounting for 4.8% of the estimated $55.2 billion value of the global art market.[17]

Recognition

In 2011, The Economist called UGallery "unintimidating enough to encourage a new generation of collectors."[18] In 2013, VentureBeat wrote that UGallery's e-commerce platform is "democratizing the art world."[19] The same year, Internet Retailer named UGallery to their Second 500 Guide,[20] and in 2015, named UGallery the top luxury e-retailer for artwork.[21]

References

  1. Web site: New study: many find buying art more intimidating than buying real estate. Private Art Investor. 2015-11-13.
  2. News: Zipkin. Amy. 2018-02-09. A Lifetime of Making Art, but New to Selling It Online. en-US. The New York Times. 2021-10-14. 0362-4331.
  3. Web site: College Business Plans that Made the Grade. Entrepreneur. 2015-11-13.
  4. Web site: McGuire Program grad UGallery continues to connect people and art. McGuire Center for Entrepreneurship. 2015-11-13.
  5. Web site: Get Schooled. Entrepreneur. 2015-11-13.
  6. Web site: A Conversation With UGallery Co-Founders Alex Farkas and Stephen Tanenbaum. Forbes. 2015-11-13.
  7. Web site: Ugallery Funding & Ugallery Investors – CB Insights. www.cbinsights.com. 2015-11-13.
  8. Web site: Fine art moves from gallery to the Web. www.mercurynews.com. 2015-11-13.
  9. Web site: Stephen Tanenbaum, small business expert, on small business radio program, The Small Business Advocate Show. www.smallbusinessadvocate.com. 2015-11-13.
  10. Web site: UGallery (ugallery). Pinterest. 2015-11-13.
  11. Web site: UGallery.com. facebook.com. 2015-11-13.
  12. Web site: UGallery (@UGallery) Twitter. twitter.com. 2015-11-13.
  13. Web site: UGallery (@ugallery) • Instagram photos and videos. instagram.com. 2015-11-13.
  14. Web site: Artist's Toolbox: 30+ Places to Promote Your Art. Mashable. 2015-11-13 . Patric Herber.
  15. News: A Work in Progress: Buying Art on the Web. Wall Street Journal. 2015-11-13. 0099-9660. Kelly. Crow.
  16. Web site: Hiscox Report: Online Art Trade 2013. www.arttactic.com. 2015-11-13.
  17. Web site: Hiscox Online Art Trade Report 2015. www.arttactic.com. 2015-11-13. dead. https://web.archive.org/web/20150905030328/http://www.arttactic.com/market-analysis/art-markets/us-a-european-art-market/699-hiscox-online-art-trade-report-2015.html?Itemid=102. September 5, 2015. mdy-all.
  18. News: Clicking your way to an art collection. The Economist. 2015-11-13. 0013-0613.
  19. Web site: UGallery hits growth milestones as art sales move online (exclusive). VentureBeat. 2015-11-13.
  20. Web site: Social media and unique products drive sales growth at UGallery. 2015-11-13. Stefany. Zaroban.
  21. Web site: Luxury on the Web: Exclusive Rankings, Data and Analysis of the World's Largest Luxury E-Retailers. Internet Retailer.

External links

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