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UGallery

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UGallery is a curated online art gallery headquartered in San Francisco. 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]

UGallery
Company typePrivate company
Industry
Founded2006
FounderStephen Tanenbaum, Alex Farkas, Greg Rosborough
HeadquartersSan Francisco, CA
Area served
Worldwide
ProductsOriginal Artwork
Websitewww.ugallery.com
"It All Comes Together" by UGallery artist Elena Baker

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History

The company was founded by Alex Farkas, Stephen Tanenbaum and Greg Rosborough.[2] 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.[3] The UGallery.com website launched in September 2006.[4]

Originally seen as a way to help recent art school graduates find buyers, UGallery began with five artists and 25 pieces of original art.[5] Securing outside capital in 2008,[6] the company shifted its focus to mid-career and emerging artists from around the world.[5]

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.[7] The company counts clients in every U.S. state and over 45 countries,[8] as well as 1.7 million social followers.[9][10][11][12]

Artist Jennifer Hannaford packs her sold artwork in a UGallery delivery box.

Reception

UGallery was an early entrant to the business of selling original art online.[13] 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."[14] By 2012, the online art market was valued at $870 million.[15] 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.[16]

Recognition

In 2011, The Economist called UGallery "unintimidating enough to encourage a new generation of collectors."[17] In 2013, VentureBeat wrote that UGallery's e-commerce platform is "democratizing the art world."[18] The same year, Internet Retailer named UGallery to their Second 500 Guide,[19] and in 2015, named UGallery the top luxury e-retailer for artwork.[20]

References

  1. ^ "New study: many find buying art more intimidating than buying real estate". Private Art Investor. Retrieved November 13, 2015.
  2. ^ "College Business Plans that Made the Grade". Entrepreneur. Retrieved November 13, 2015.
  3. ^ "McGuire Program grad UGallery continues to connect people and art". McGuire Center for Entrepreneurship. Retrieved November 13, 2015.
  4. ^ "Get Schooled". Entrepreneur. Retrieved November 13, 2015.
  5. ^ a b "A Conversation With UGallery Co-Founders Alex Farkas and Stephen Tanenbaum". Forbes. Retrieved November 13, 2015.
  6. ^ "Ugallery Funding & Ugallery Investors – CB Insights". www.cbinsights.com. Retrieved November 13, 2015.
  7. ^ "Fine art moves from gallery to the Web". www.mercurynews.com. Retrieved November 13, 2015.
  8. ^ "Stephen Tanenbaum, small business expert, on small business radio program, The Small Business Advocate Show". www.smallbusinessadvocate.com. Retrieved November 13, 2015.
  9. ^ "UGallery (ugallery)". Pinterest. Retrieved November 13, 2015.
  10. ^ "UGallery.com". facebook.com. Retrieved November 13, 2015.
  11. ^ "UGallery (@UGallery) | Twitter". twitter.com. Retrieved November 13, 2015.
  12. ^ "UGallery (@ugallery) • Instagram photos and videos". instagram.com. Retrieved November 13, 2015.
  13. ^ UTC, Patric Herber2007-09-19 02:37:17. "Artist's Toolbox: 30+ Places to Promote Your Art". Mashable. Retrieved November 13, 2015.{{cite web}}: CS1 maint: numeric names: authors list (link)
  14. ^ Crow, Kelly. "A Work in Progress: Buying Art on the Web". Wall Street Journal. ISSN 0099-9660. Retrieved November 13, 2015.
  15. ^ "Hiscox Report: Online Art Trade 2013". www.arttactic.com. Retrieved November 13, 2015.
  16. ^ "Hiscox Online Art Trade Report 2015". www.arttactic.com. Archived from the original on September 5, 2015. Retrieved November 13, 2015.
  17. ^ "Clicking your way to an art collection". The Economist. ISSN 0013-0613. Retrieved November 13, 2015.
  18. ^ "UGallery hits growth milestones as art sales move online (exclusive)". VentureBeat. Retrieved November 13, 2015.
  19. ^ Zaroban, Stefany. "Social media and unique products drive sales growth at UGallery". Retrieved November 13, 2015.
  20. ^ "Luxury on the Web: Exclusive Rankings, Data and Analysis of the World's Largest Luxury E-Retailers" (PDF). Internet Retailer.
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