On a Saturday evening back in February 2022, somewhere between the peaceful hours of 5 pm to 8 pm ET, a panic broke out at OpenSea, the world’s largest NFT (non-fungible token) marketplace, in the wake of a phishing attack that deprived at least 32 users of their valuable NFTs…

Over the last three years, as many museums have had to contend with declining revenues, reduced visitor numbers and shifting trends in audience engagement, some began to look more keenly at new ways to leverage their art collections with the help of technology. How might the use of various technologies…

The use of technology by art dealers to share and trade art virtually provided a lifeline during the pandemic, but it’s real long-term value lies in helping dealers to attract a new generation of buyers. Like many other industries, the art trade has taken a technological leap forward in recent…

After struggling for many years to compete against Amazon, bookshops are expanding their physical footprint in the United States following a boom in book sales during the pandemic. Barnes & Noble, the large US book chain, opened 16 new stores last year and wants to open another 30 in 2023…

One of the dominant themes to emerge from the 2023 Digital Book World Conference held in NYC last month was a belief in the unrealized value of audiobooks to publishers, authors, and audio listeners. Several talks given at the event revolved around this theme, such as “The Third Pillar: Spotify…

What does the great art heist look like in 2022? If you are following the dominant art news headlines, it is likely to involve a cyber-attack on an NFT marketplace or a hacked social media account resulting in stolen NFTs — and a whole fortune in cryptocurrency associated with it. Recent research from Comparitech shows that NFT thefts are becoming…

Introduction It is that time of year again when the buzz around prestige auctions excites and captivates the art world. They rank as global VIP events, and tickets are usually required to attend the marquee auctions: limited entry has always been an essential part of their underlying business model. This is…

The internet is rife with fraudulent behavior. The unfortunate combination of security flaws and hackers can bring about disastrous outcomes for any platform that does not comprehensively seal all of the vulnerabilities in the infrastructure of their cybersecurity practices. The art market is not a stranger to fraud. In recent…

One of the most interesting and potentially far-reaching art market developments to emerge from the tumult of 2020 was Sotheby’s launch of a new online e-commerce venture called “ Buy Now.” The platform allows consumers to purchase fine art and other luxury items directly at fixed prices, with no intermediate…